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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 :
Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
Singapore Online Gambling Ban Begins -
Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.
Pennsylvania Online Gambling Updates -
Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.
WSOPE In Czech Republic -
World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.
BtoBet Partners with AfroBet -
Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.
Pissed off Tabcorp shareholders -
A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.
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