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SOCIAL GAMING BEING SCRUTINISED BY UK GAMBLING COMMISSION

Monday June 11, 2012 : SOCIAL GAMING BEING SCRUTINISED BY UK GAMBLING COMMISSION
 
Commission official says social gaming is "at the perimeter" of legal gambling
 
The UK Gambling Commission is monitoring the social gaming space in order to assess its impact on gambling licensing, a Commission official told the publication 'This Is Money' Saturday.
 
Earlier this year, Japanese authorities also warned  that they are keeping a close eye on the legality of social gambling as the trend sweeps through world markets.
 
Increased government concern over social gaming on sites like Facebook has been triggered by the increasingly blurred boundaries between the pastime and real money gambling, 'This is Money' reports, quoting Gambling Commission communications executive John Travers.
 
"The key question is, is it gambling or not?’ asked Travers, who opined that social gaming was ‘at the perimeter’ of current legislation.
 
"We are monitoring developments and assessing any wider implications for licensing objectives," he said.
 
Social gaming has so far avoided the attention of regulators in both the United Kingdom and the United States as the games are usually played with virtual money and for prizes, thus distancing them from the legal definition of real gambling.
 
However, players can buy virtual currency and often spend large amounts doing so in order to better play the social games and win points or prizes, and some companies already allow customers to cash in their winnings in the real world.
 
There have also been reports of a black market in which people can buy and sell virtual winnings for real money.
 
Social gaming is worth billions of dollars to companies such as Facebook, where users can be as young as 13. But there are concerns over the rapid growth of casino games that, because they are not for cash, can be played by underaged users.
 
In a recent Liverpool case (see previous InfoPowa report) sub-teenaged school children learned to play poker through free social gaming sites, encouraging one youngster to misuse his father’s credit card on a real money poker site and lose GBP 7,000.
 
Earlier this month London-listed Bwin.Party, the biggest online gambling company in Europe, said it was ploughing Euro 50 million into social gaming, and other major gambling groups have made investments and acquisitions in the space



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PartyPoker Removes Dormant Account Fees - partypoker today announced that players will no longer be charged fees for inactivity on their online accounts.

NHL Odds: Rangers Look for Seventh Straight in Chicago - The Chicago Blackhawks (8-8-2) will try to get their season on track this Wednesday when they host the surging New York Rangers (9-7-2) in an Original Six showdown. NBCSN has the coverage beginning at 8 PM ET.

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Microgaming named in The 10 coolest offices of 2017 - Microgaming named in The 10 coolest offices of 2017 Microgaming’s new HQ has been named in ‘The 10 coolest offices of 2017*’ in the UK, featuring alongside some of the biggest consumer brands.

$75K Win on Mobile Slot @ CafeCasino - Café Casino’s mobile slot, Achilles, paid out in a big way over the weekend. A player from Pennsylvania, Rob J., triggered the game’s free spins mode by landing three scatters.

Microgaming’s The Phantom of the Opera online slot live today - Available to Microgaming and Quickfire operators, The Phantom of the Opera online slot goes live Wednesday 1 November 2017.

2017 Punta Cana Poker Classic Results - The 2017 Punta Cana Poker Classic is now in the books and players are returning home after a week-long poker celebration. And after a major final table deal, two players have the most reason to celebrate. Roberto Carvallo ultimately won the tournament after negotiating a final table deal with Jamin Stokes.

NHL Odds: Winnipeg Jets vs. Minnesota Wild - Blake Wheeler and the Winnipeg Jets will attempt to get two points closer to the Central Division lead on Tuesday, as they take on the Minnesota Wild on the road. The Jets have started strong, and sit in second place in their division. Led by RW Blake Wheeler, the Jets look like a team that could make some noise in the West this season.

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