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Uk wants input on Remote Gambling
Wednesday September 11,2013 : U.K. GAMBLING COMMISSION WANTS INPUT ON REMOTE GAMBLING
A chance for players to have a say.
This week marks the start of the U.K. Gambling Commission's consultation phase on remote, online and mobile, gambling licence conditions and codes of practice in preparation for the introduction of the secondary licensing and taxation regime next year...and it presents an opportunity for interested parties to submit views and suggestions.
Hopes are high that the Commission will effectively enforce its regulations, especially those concerned with consumer protection.
Credibility in some licensing jurisdictions has taken a serious knock in recent times following a less than energetic approach to enforcing regulations on requirements like segregated player fund accounts, resulting in players being seriously out of pocket when operators have gone to the wall....names like Full Tilt Poker and Media Corp's Purple Lounge come immediately to mind.
There are also a myriad other issues that consumers may want to bring to the attention of the Commission such as disclosure of return-to-player percentages, upfront operator and ownership information, instalment pay-outs to big winners, misleading promotions, overly one-sided T & Cs, holding back withdrawals, arbitrary and unappealable management decisions and so on.
The Commission has already indicated that it is especially interested in player fund protection (ie segregated accounts) and regulations controlling online poker, where it has relatively limited experience.
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Gambling News :
IGT Continues Partnership with Coljuegos EICE -
IGT will continue its 16-year partnership with Colombian administrative gaming authority Coljuegos EICE following a public procurement process for a five-year private operator contract to run the draw-based online lottery game Baloto.
Magic Spells SLot Launches -
The penny slots’ Wild symbol is a bubbling cauldron which is an Expanded Wild that can cover up to four positions for multiple winning combinations.
Lightning Box Games in Deal With Everi Games -
Australian slot developer, Lightning Box Games, has entered into a distribution deal with electronic gaming content provider, Everi Games, for a selection of its proprietary slot content.
Another Attempt to Acquire Tatts -
The surprise A$8.4 billion bid for Tatts late last year by the Pacific Consortium caused some consternation in the Tabcorp and Tatts boards, which were in merger talks but these concerns faded following Tatts rebuff of the consortium's offer
Ladbrokes Trading Update -
The Ladbrokes Coral plc online and land gambling group has released a trading statement for the unaudited year to 31 December 2016, reporting:
Leovegas Player Wins a BMW X4 -
A 23-year-old Southampton University student identified only as Leo has won a GBP 50,000 BMW X4 sports saloon car playing NetEnt's Live Casino Roulette on the Leo Vegas mobile gambling,site.
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