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William Hill Not Supporting new Gambling Law
Friday June 20,2014 : WILL HILL NOT SUPPORTIVE OF JUDICIAL REVIEW ON NEW GAMBLING LAW
A blow for the Gibraltar Betting and Gaming Association's plans to challenge point-of-consumption licensing and tax law in the UK.
The announcement by William Hill plc, one of the biggest online and land bookmaking firms in the business, that it will not support the Gibraltar Betting and Gaming Association's challenge to Britain's new point-of-consumption secondary licensing and taxation laws will take much of the wind out of the Association's sails.
In its report on the challenge this week The Telegraph newspaper included a statement from William Hill plc indicating its opposition to the Gibraltar challenge and advising:
“As the UK’s leading operator, William Hill has chosen not to challenge the [British] Government’s decision to impose dual regulation on the online gambling industry.
“However, our original concerns regarding the distortive effects on the market and the inadequacy of enforcement mechanisms, remain.
"Our message to Government would be to strike the correct balance between overlapping regulation and enforcement by setting an appropriate tax rate which encourages full compliance without damaging businesses.”
Meanwhile, a spokesman for the Department for Culture, Media and Sport has confirmed that a letter on behalf of the Gibraltar Betting and Gaming Association giving notice of its intention to call for a judicial review of the new law had been received and would be responded to "in due course."
The GBGA represents gambling companies that have based their online businesses in the British Overseas Territory of Gibraltar.
The Association contends that the Gambling (Licensing and Advertising) Act 2014, which will require operators to apply for a licence from the UK Gambling Commission, even though they may already be regulated in Gibraltar, is in breach of European law and will expose British punters to “unscrupulous operators”.
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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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