Kansspelautoriteit, the Dutch gambling regulator has announced the appointment of economist Joop Pot to its board of directors. Pot is expected to take up his new position in November of this year. Joop Pot will replace former board member Paul Tang, who had been granted an honourable discharge by Kansspelautoriteit. Pot has worked within numerous Dutch governmental departments including the …
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Bookmakers have been advised to tighten up their employment conditions in order to make sure that traders who spot an emerging coup on the books don’t look to profit themselves by placing bets with rival firms and also to protect themselves from such behaviour. The Gambling Commission has written to the Association of British Bookmakers (ABB) to highlight the potential …
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Ministers from around 50 countries are expected to sign a new convention at a conference in Switzerland in September where they will also discuss the risk of other forms of corruption in sport. In what’s being hailed as ‘a significant step in the fight against organised crime and unethical behaviour in sport’, 47 member states of the Council of Europe …
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On-course betting operators are being warned that they must do more to prevent underage gambling after every track bookmaker approached in a test purchasing operation served a 16-year-old without asking for proof of age. People must be 18 or over to place bets at a racecourse. The tests were undertaken at Ascot on 20 June 2014 under the supervision of …
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Online operators in white listed jurisdictions who wish to get a local licence in the UK ahead of the implementation of the point of consumption (POC) regulations have been given a deadline to apply of the 16 September by the Gambling Commission. The deadline has been set because the Statutory Instrument (SI) regarding transitional arrangements has been laid in Parliament …
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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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The Gibraltar Betting and Gaming Association (GBGA) has followed through with its threats and written to the UK Government and Gambling Commission placing them on notice of a claim for judicial review, giving them 14 days in which to respond. The GBGA, which represents Gibraltar-based online gambling operators, has instructed the law firm Olswang to write to the Secretary of …
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Betfair has seen a slight rise in revenues of 2% to £393.6m but its profit before tax figure has shot up to £61.1m, compared to last year’s reported loss of £49.4m. It has been a tough couple of years for Betfair as it has switched its operations to concentrate solely on regulated markets, but today’s annual results suggest that the …
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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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