Connect with us
SIS

Compliance Updates

Labour’s Tom Watson Calls for Mandatory Levy on Gambling Firms in UK

Niji Narayan

Published

on

Labour’s Tom Watson Calls for Mandatory Levy on Gambling Firms in UK
Photo Source: parliament.uk
Reading Time: < 1 minute

 

Tom Watson, Labour’s deputy leader, has called for imposing a mandatory levy on gambling firms.

He said that some companies donated “frankly insulting” amount of money to fund addiction treatment and the voluntary system needed to be replaced.

“The gambling market is broken and it’s up to the government to fix it. We don’t just need a voluntary patch, we need a full overhaul of the rules and regulations,” Tom Watson said.

Jeremy Wright, the culture secretary, announced that the UK’s biggest gambling firms had agreed to contribute more cash to help fund the treatment of problem gamblers.

“While we all want a healthy gambling industry that makes an important contribution to the economy, we also need one that does all it can to protect those that use it,” Wright said.

Watson said the five companies “have shown leadership and responsibility that is sorely lacking in some parts of the industry.” However, he described the practice of firms some firms donating small sums to ensure their presence on a list of donors as “completely unacceptable and deliberately insulting to those leading players.”

“After today we will still have inadequate regulation and a gambling act that is outdated and not fit for the digital age,” Watson added.

Continue Reading

Compliance Updates

Buenos Aires Regulator Outlines Plans to Launch Online Gambling in Q4 2020

Niji Narayan

Published

on

Buenos Aires Regulator Outlines Plans to Launch Online Gambling in Q4 2020
Reading Time: < 1 minute

 

Buenos Aires’ gambling regulator Loteria de la Ciudad (LOTBA) has published the details of its plans to start screening online sports betting and casino operators who want to offer services in the city. The regulator is planning to launch online gambling by the final quarter of this year.

LOTBA is proposing to authorise an unlimited number of “Online Gaming Agencies” that would be allowed to offer online sports betting, virtual betting, non-sports betting, slots, roulette, blackjack, punto banco baccarat, poker and lottery games. While there will be no competitive tender, there are a few hurdles operators will need to clear.

Companies interested in becoming an “Agency” would need to pay an upfront fee of US$30k, prove that they have been in business for two years, have annual revenue of ARS100m (US$1.6m) and demonstrate a net worth of $25m.

Licenses would be valid for an initial five-year term, extendable for an additional five years. Agencies would pay an annual license fee of $100k and 10% tax on their online revenue.

They also have to submit a Guarantee of Compliance in the sum of $2m, although this will be reduced to $1m following accreditation of the final technical certification report.

Continue Reading

Compliance Updates

Dutch Regulator to Conduct Meetings for Gaming Halls Next Month

Niji Narayan

Published

on

Dutch Regulator to Conduct Meetings for Gaming Halls Next Month
Reading Time: < 1 minute

 

Dutch gambling regulator Kansspelautoriteit (KSA) is going to organise four meetings in March for gaming halls about the Central Register Exclusion of Games (Cruks). The meetings will take place on March 17, 19, 23 and 30.

With the approval of the Remote Gambling Act, gambling halls are legally obliged to consult the registry upon the arrival of a customer. If a player is registered, access must be denied.

The law is likely to enter into force on January 1, 2021. An important part of the new law is that extra requirements are imposed on providers of the riskiest games of chance to prevent gambling addiction. Being connected to Cruks, once the Koa Act has entered into force, is one of them.

The meetings in March are intended for the people within the gaming halls and gaming casinos in charge of the access policy.

Continue Reading

Compliance Updates

Andorra’s Gaming Regulator Rejects Casino License Award to Jocs SA

Niji Narayan

Published

on

Andorra’s Gaming Regulator Rejects Casino License Award to Jocs SA
Photo Source: giespanol.com
Reading Time: < 1 minute

 

Andorra’s gaming regulator Consell Regulador Andorrà del Joc (CRAJ) has once again rejected the plans to award its sole casino license to Jocs SA, a firm primarily involved in managing bingo halls. Jocs had pledged to build a €15m, 4000-square-meter casino in the capital Andorra la Vella.

One year ago, the CRAJ withdrew Jocs’ casino concession based on “deficiencies” in Jocs’ paperwork, a decision that Jocs chose to appeal last June. However, the CRAJ once again concluded that there were “significant differences between the initial commitments and the final project.”

Jocs announced that it will appeal to this latest rejection within the prescribed 30-day window.

Continue Reading
Advertisement
NSoft

Global Gaming Industry Newsletter – Weekly Digest (sent every Wednesday)

Please select all the ways you would like to hear from European Gaming Media and Events:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here. Read more about European Gaming Media and Event's Privacy Policy and Terms of Service.

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Trending

Notice for AdBlock users

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.