Northern Ireland – New Gambling Laws Will Not Affect Online Industry

Posted by Gambling News | Gambling Industry News,Gambling News | Monday 4 February 2013 2:43 am

While Northern Ireland is considered to be part of the United Kingdom, this area is a self-governing territory, which implements its own distinct laws. Heaven knows the IRA fought long and hard enough to gain this distinction.

In terms of online gambling legislation and regulation, there was once the idea that an independent licensing authority should be created. However, the idea was soon rejected, due to logistical difficulties. Now Nelson McCausand – Minister of Social Development – Northern Ireland, has announced that new gambling legislation is to be formulated shortly. Apparently the new laws are not expected to affect online gamblers in any drastic way.

The need for new laws has become essential, because as times have changes, the old laws cannot hope to cover all the facets of every gambling portfolio, that is available to the public today. Basically these new laws are for consumer protection, and are focussed at players, and the money they spend being protected.

The EU marketplace as a whole has seen online gambling, as well as games such as poker, surge in popularity. In particular in terms of the game of poker, live events have become just as popular as playing online. Therefore the new Northern Irish laws will be designed to comply with the provisions of the EU, and unlike various EU countries, which have been recently seen taking the law into their own hands, the Northern Irish have no desire to take the EU Commission head on.

The other crucial aspect according to Minister McCausand, is that the original Betting, Gaming, Lotteries and Amusements laws were promulgate in 1985, and only dealt with the activities of bingo clubs, gaming machines, and so on. The times, they are a changing, and therefore so too must the laws. Gambling is so much more than mere bingo today, and is available across a wide variety of channels.

He is also keen that their laws should fit with the laws of the EU, and has in fact made it clear that they wish to have strict adherence with EU provisions.

There is also the matter of the Problem Gambling Review, when in 2009, problem gambling numbers were… well… a problem. At the time the review was conducted it revealed that at least 2% of the Northern Irish population, were actually gamblers with problems. This was a highly damaging review, and at the time, although poker was not mentioned per se, online poker operators had something to say. Operators such as Betfair, Paddy Power and Ladbrokes, are highly reputed brands in this industry, and obviously had something strong to say regarding the results of this review.

However, new laws will increase player protection, as well as address specific loopholes that seem to be present in the current gambling system. As EU law is not anti-online gambling, we don’t see any difficulty with new Northern Ireland law. They have absolutely committed themselves to strictly comply with the EU. Regulations and standards in the UK are being extensively studied to ensure a similar model for this independently governed territory.

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Tax-cuts Of the UK Online Gambling Industry – Is This Really On The CARDS?

Posted by Gambling News | Gambling Industry News,Gambling News | Friday 14 December 2012 6:50 pm

We have been reading in the news that the large online gambling concerns, which offer offshore services to UK residents, may be in for beneficial tax-cut to lure these industry players back into the country. While we think this is a very fine idea, whether it ever comes to fruition or not, still remains to be seen.

Recently there have been massive protests against the fact that industry giants such as Amazon, Google and Starbucks have been involved in corporation tax avoidance. Apparently the government has also been aware of this and has failed to crack down on defaulters. In the meantime, an across the board tax of 15% applies to all gambling concerns, and this has seen an exodus of big brand names such as Ladbrokes, William Hill and other interactive divisions of brands, taking to the hills to license their products offshore.

While this has provided big business for Gibraltar, Isle of Man, Alderney, Malta and other independent members of the ex-British Empire. It does not do a lot for Her Majesty’s Customs and Excise coffers. Not when we bear in mind that the majority of the customers who follow these big name brands are actually situated in the UK.

Luring interactive gambling industry giants, and even the smaller concerns, does not only mean licensing fees will be filling up UK tax coffers. The industry is a mostly high-tech concern, and therefore highly paid people are employed in jobs, office space is required for hardware, software designers, financial, administrative, and all kinds of other highly paid people, and all of these people pay tax. An active industry also stimulates the economy too.

As an example perhaps we should look at Tombola Bingo. This is one of the very few interactive online bingo concerns that keepsoffices in the UK. Although they too are licensed in Gibraltar, they have offices based, and employ people in the Sutherland area. Despite the strict tax regime, which is even tougher for the bingo business in Britain, this business has continued to grow, and has on more than one occasion actually doubled in size.

With attractive tax cuts scheduled – which seems to be what Chancellor George Brown is planning, Britain’s biggest gambling companies could move back to the land of their birth. Despite the fact that this is a highly controversial move, if we think about it in pure numbers terms. It is far more economically beneficial to have twenty online gambling companies paying licensing fees, salaries, overheads etc, as well as 5% or 10% tax. Than it is to have NO online gambling companies paying any of the above expenses we listed.

Bearing in mind that there are hundreds – if not thousands – of online gambling concerns offering services to the residents of the UK; the more attractive the government makes it for them, the better it is for everyone in the long term.

According to The Mail on Sunday – "the Treasury is considering slashing the gambling levy by a third to recoup some of the £2.1 billion in revenues that has been lost over the last seven years."

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eCOGRA Appointed as bet365’s Regulatory Audit Partner

Posted by Gambling News | Gambling Industry News,Gambling News | Wednesday 14 November 2012 1:45 pm

The regulatory auditing and testing agency eCOGRA has been selected by leading Stoke-on-Trent based online gambling group bet365 to serve as its "third party regulatory testing and certification partner".

Companies are increasingly recognising the value of partnerships that will oversee and conduct independent specialist audit and testing procedures to streamline the often complicated and varying matrix of national regulatory requirements in newly legislated, as well as existing, markets in Europe.

Bet365, as one of the world’s largest online gambling groups, identified the need to appoint a strategic partner that would provide it with quality and cost-effective compliance and audit services ensuring each aspect of its business is in sync with the myriad of legislative requirements adopted by the various markets it operates in or intends to enter.

eCOGRA’s 17025:2005 testing laboratory accreditation by the United Kingdom Accreditation Service (UKAS) and extensive mix of professional Big 4 audit firm, IT and industry experience, ideally places the firm to perform compliance and audit services across the diverse spread of regulation and testing principles and methodologies being adopted throughout Europe.

Andrew Beveridge, the chief executive of eCOGRA, welcomed the appointment saying: "eCOGRA specialises in providing services to tier 1 software suppliers and operators, and bet365 certainly meets this requirement. eCOGRA looks forward to assisting bet365 with future certification endeavours while ensuring the group remains compliant in the markets in which it currently operates."

Steven Degg, regulatory compliance and information officer of bet365 commenting on the appointment said: "bet365 selected eCOGRA based on the depth of skills, experience of their resources and a successful track record in providing compliance services to other leading operators and software suppliers. Bet365 successfully submitted challenging Spanish and Danish certifications in partnership with eCOGRA, and look forward to working with eCOGRA as we expand into new markets going forward."

About eCOGRA

Founded in 2003 to set and improve operational standards and player safety in the online gambling space, eCOGRA has amassed a wealth of experience in implementing international best practice standards and requirements and ensuring these are maintained through regular review and monitoring.

Over 200 of the most established and successful internet gambling websites are accredited and policed by the independent, London-based company, which is staffed by professional auditors with Big 4 auditing firm experience, information system experts and responsible gambling specialists.

The company is an accredited testing agency with several jurisdictions, and has been awarded the United Kingdom Accreditation Service (UKAS) ISO approval ISO/IEC 17025:2005 : General Requirements for the competence of testing and calibration laboratories. This accreditation is one of the quality assurance requirements for approval as a testing agency in various European remote gambling licensing jurisdictions.

About bet365

Bet365 is a world leading eGaming company and a driving force in the development of Enterprise and Internet technology. Established in 2000 from a portakabin in Stoke-on-Trent, bet365 has grown into a global operation that employs over 2,000 people, is live in 17 languages and delivers an unrivalled online experience to over 9 million customers worldwide.

Giving its development teams the freedom to innovate is key to bet365’s success. The company has worked hard to cultivate a culture of innovation where good ideas and a techno-entrepreneurial attitude are encouraged and rewarded. Today bet365 continues to push technological boundaries and break new ground in software innovation.

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All Systems Go For Nevada Online Gambler – Big William Hill Bet Pays Off

Posted by Gambling News | Gambling Industry News,Gambling News | Tuesday 24 July 2012 12:30 pm

William Hill might be one of the biggest bookmaking brands in the UK, but when they heard that the USA might be making online gambling legal in the near future, they were madly keen to get into this market. First off, gambling online will start intrastate, and this means individual states will be responsible for making their own laws in this regard.

One of the first at the starting gate for state-legislation was Nevada, and William Hill took a very big gamble by investing $53.25 million in three Nevada gambling concerns. These acquisitions are; Brandywine Bookmaking, American Wagering Inc and Club Cal Neva Satellite Race and Sportsbook.

It appears as though this gamble has paid off and will continue to pay off big time, as the need to supplement state coffers through additional tax revenue schemes, spreads like wild-fire throughout the USA. Nevada state administration has ensured that they are now legal to offer online gambling licenses, and William Hill is one of the first to be granted a license from the Nevada Gaming Commission.

William Hill has a wealth of experience in the online gambling business; this brand is not only about High Street retail betting shops. They have been offering super services online for a good deal of time in the UK. The UK as we know has a well-developed infrastructure for the Internet gambling industry. They offer online sports betting, online bingo, a casino, virtual gaming such as Rugby Union, snooker and more; poker, financials, skill, mobile, Arcade and Vegas-type games. UK customers have developed an eclectic and sophisticated taste for these types of games, so, William Hill is well placed in Nevada to offer a superior online service.

It made good sense for this brand to get into the US at the very beginning, as getting a foothold in the US market while legislation is under review, is the way to make sure they get in on the ground-floor with a chance to win. Online gambling was extant in the USA prior to 2006; however, the promulgation of the Unlawful Internet Gambling Act (UIGEA) changed all of this. So, essentially the USA is six years behind the UK in relationship to this virtual industry – we all know just how fast technology advances, so, they are way behind.

This is a significant step by William Hill as the ban is expected to be relaxed in the future state-by-state. To date we have no idea if UIGEA will change Federally, but according to Federal Government. It is up to each state to decide whether they wish online gambling to be made legal.

The acquisitions of the three Nevada-based gambling concerns were dependent on the outcome of the William Hill license applications being granted. Now that this has taken place, we can expect it to be all systems go. Obviously the sooner they get websites up and running, the sooner they can expect a return on their investment.

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Let’s Make Some Money Online – How About Taking a Gambling?

Posted by Gambling News | Gambling Articles | Saturday 14 July 2012 5:52 pm

There are some fabulous wealth creation ideas and schemes doing the rounds on the World Wide Web. While some are scams, most are pretty genuine, it’s just how you look at the scheme that makes the difference. We all know that knowledge is key to success, so the more we know about any wealth-creating scheme, the better informed we will be. However, if you are prepared to take a gamble, and don’t feel like working for your money, why not take a look at online gambling? There is definitely money to be made, but you must realise that luck counts!

Online gambling – that means over the Internet – is a mainstream industry today. It is regulated by authoritative bodies such as eCogra, and others. Many online gambling firms have gone the IPO route, and are listed on major stock exchanges. The London Stock exchange probably listing the lions’ share of these firms, as the UK is where the online gambling industry is also the most mature.
We find names such as William Hill, Virgin, Stan James, Victor Chandler, Betfair, Paddy Power, Gala, Mecca and Bet365 online, and we find many more too. We find websites powered by major movers and shakers in the online gaming industry; brands such as Microgaming, Playtech and Net Entertainment, and if you think we are scamming you, let’s take a look at the facts.

All three of these software brands operate massive networked slots games. This means there is loads of money going, if only you are lucky enough to win. But there are loads more ways to win when gambling online, than wagering on the slots. After all, even though the prize money is huge, and we are talking in the ‘millions’, slots are still a long…long shot!

More and more people are taking their online gambling and going mobile with it; in other words getting their gambling ‘on-the-go’. The biggest majority of gambling fans getting their thrills the mobile way are the sports-betting clique. In the UK and Ireland growth has been phenomenal.

Now fans take their favourite sports – football being only one – and get some extra pleasure by placing money on it. Online betting exchanges such as Betfair are popular too; it takes the bookie out of the equation, so, fans can decide their own odds, as well as bet against each-others’ predictive powers. Punters find being their own bookie great fun, and it adds an extra element of excitement to the game.

For now, if you are not an advanced punter, and you would like to play online slots to get a better feel for these games, let’s offer you extra incentive. On Christmas Eve 2010 at Bet 365; Tlaloo1 won £3 922 736 playing Clover Rollover. Microgaming has paid out over €320 million worth of prizes and has made something like 17 slots millionaires; including one whopping win of €6 374 434.00, which was once a world record slots win. But Net Entertainment now holds that world record with a massive online slots pay-out of over NINE MILLION EURO. So, prizes are getting better, and yes, there is big bucks to be made.

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