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WHITE LIST LICENSING WITHIN NEXT TWO MONTHS?
Posted 1/15/11 : Internet gambling companies wishing to advertise in the UK may soon be required to obtain a Brit licence
The Daily Mail story earlier this week that the British government is about to take action on 'white list' advertising in the UK (see previous InfoPowa report) has been followed by a Guardian article revealing that the moves could come sooner than most think.
Earlier this week a government source told The Daily Mail's political editor that offshore internet gambling companies that did not pay Brit taxes or license fees and levies but advertised to British punters could become the subject of new laws requiring them to meet the standards of the UK Gambling Commission and take out British licenses.
The Guardian story does not specify its source, but claims that an initiative to insist on offshore internet companies being licensed if they wish to access the British market could come about within the next two months....around end March 2011.
It's a tactic that the previous Labour government threatened to deploy a year or more ago, and one that will additionally impact essentially British internet companies, or divisions of companies, that left UK shores to domicile in more tax-friendly jurisdictions like Gibraltar.
The Guardian claims that the licensing proposals will require all operators active in the British market to comply with the Gambling Act and report suspicious betting activity to the commission and sport governing bodies.
Operators will also have to comply with British licence requirements, including the protection of children, and demonstrate how they will contribute to the research, education and treatment of problem gambling in Britain.
Some in the gambling industry have previously indicated it may accept licensing proposals but would oppose any attempt to make offshore operators pay the Levy, a controversial subsidisation contribution to British horseracing paid by land bookie firms.
"It is believed the government will endorse the licensing proposals of the previous sports minister but doubt remains over how to enforce any subsequent attempt to force offshore operators to pay tax and the Levy on UK bets," The Guardian article concludes.
"It has been suggested that bookmakers offering bets in the UK could be forbidden from advertising here and their websites blocked if they were not licensed."
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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