Peter Greenhill, the CEO of e-Gaming Development at Isle of Man’s Department of Economic Development, has belied any sense of panic around the UK’s point of consumption laws, which are now due to come in on 1 November. In a piece by IOM Today, Greenhill suggested all the jurisdiction’s operators were well prepared for the change. He said he did …
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Amaya CEO David Baazov wants the Rational Group, parent company of PokerStars and Full Tilt Poker, to continue to focus on its ‘core values’ of ‘integrity, customer focus, and challenge’. Amaya has just invested US$4.9bn completing the acquisition of Isle of Man-headquartered Rational Group Ltd. Baazov commented: “We are extremely pleased to have completed this acquisition. Through PokerStars, Full Tilt …
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The forthcoming UK Gambling (Licensing & Advertising) Act will come into play from October 1st and may force online gambling operators to obtain a UK gambling license should they wish to continue their partnerships with sports franchises in the nation. This act is being put in place to ensure that all companies who accept bets from customers, or, importantly, market …
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The Department of Economic Development has welcomed the announcement that PokerStars has committed its future to the Isle of Man following its planned takeover by Amaya Gaming Group Inc. General Counsel to the Rational Group of Companies Paul Telford has written an open letter to the Chief Minister reiterating the company’s commitment to the Isle of Man. Leonard Singer MHK, …
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Amaya Gaming Group has agreed a sensational US$4.9bn (£2.9bn) deal to acquire The Rational Group, operator of the world’s biggest online poker brands PokerStars and Full Tilt Poker. The deal is backed by Blackstone Group LP’s credit division, GSO Capital Partners, which will buy more than $600 million in convertible preferred shares and other securities. Deutsche Bank, Barclays and Macquarie …
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Definition: For the purposes of this Q&A the term digital currency is used to cover all forms of electronic currency that does not have legal tender. Therefore, it covers the digital representation of value that can be traded and functions as a medium of exchange, store of value or unit of account but does not have legal tender status. Importantly, …
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The Isle of Man is to take ‘specific actions’ aimed at helping protect businesses and customers utilising digital currencies and provide an environment for high-quality businesses in this rapidly emerging field who wish to operate here. The online gaming jurisdiction is looking to recognise digital currencies as a property, rather than a currency, and apply the appropriate anti-money laundering controls. …
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A new infographic from affiliate website RightCasino.com reveals how, in 20 years, online gambling evolved into a $35bn (£20.8bn) annual market. The infographic charts the history of online betting from humble origins to its current level of sophistication, where social gambling, mobile accessibility and multi-million pound jackpots have become the industry standard.
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