New Regs Set to Take Effect for UK Online Gambling Firms

Posted by Gambling News | Gambling Industry News,Gambling News | Monday 29 September 2014 10:16 am

It has been a long time coming, but the end of 2014 is now in sight when new Parliamentary regulations in the UK will change for online gambling firms. First of October is D-Day!! The online gambling industry is turmoil over the decision made for all offshore licensees to apply for a secondary license to offer services to UK residents, as well as be liable to pay 15% tax. All these many years companies such as William Hill – just for example – have been operating out of Gibraltar and other White Listed "British" territories, just to avoid having to pay such heavy tax.

Gaming firms are now compelled to announce plans to stop offering services to UK-facing resident, or adjust what they offer inside British borders. This bill – the U. K. Gambling, License and Advertising Bill, was passed in May. It will effect Online bingo websites, casinos, pokers rooms, lottery sales, you name it – any gambling activity. Already several popular websites have pulled out, announced plans to pull out of the market, or substantially altered what they are able to offer to the UK public.

How these businesses can possibly expect European only operations to fill their coffers without the player-base of millions of British players, we have no idea. But they are obviously willing to take the risk. Gambling is after all a high risk industry for everyone concerned. One of the first to make an announcement was Mansion Poker, who intends to withdraw completely. Reasons for the withdrawal have been attributed to the new regulations, and all members have been advised to withdraw their bankrolls. These members have also been encouraged to switch to Titanbet Poker, where their loyalty points will be transferred. Pokerstars on the flip side of the coin, are opening a dedicated UK-facing poker site.

We believe this might just be the first in an exodus list of firms to take the same decision. However, but the same token Best of Breed British firms such as Paddy Power, William Hill, Ladbrokes, 888, Foxy, and many more would never be able to take such a risk. We believe they are going to have to thank their lucky stars for the tax break they have enjoyed for such a long time, and bite-the-bullet.

This is not a nationalization exercise – everyone, and every other land based business has to pay tax, and unfortunately these businesses should be made to pay too. There are going to be some interesting times in the online gambling industry for the next few years.

VN:F [1.9.22_1171]
Rating: 5.0/5 (6 votes cast)
VN:F [1.9.22_1171]
Rating: +7 (from 7 votes)

eCOGRA eGAPs Revised to Meet Common Regulatory Trends

Posted by Gambling News | Gambling Industry News,Gambling News | Monday 9 May 2011 7:24 pm

eCOGRA eGAPs Revised to Meet Common Regulatory Trends

New requirements meet nine key European criteria for operators

The independent player protection and standards body eCOGRA has published a revised version of its widely respected Generally Accepted Practices (eGAPs) at www.ecogra.com/egap in a move that positions the organisation’s accredited operators at the forefront of European regulatory development.

The eGAPs provide a professional framework for safe, fair, efficient and responsible business activity and provide guidance for the 153 tier one online gambling sites accredited by the London-based organisation.

Andrew Beveridge, the chief executive of eCOGRA, says that the revisions have been undertaken mainly to ensure that eCOGRA’s requirements encompass the CEN Responsible Remote Gambling Measures, but that the eGAPs are also a comprehensive and valuable guide that will meet the appropriate requirements of most regulatory authorities.

"The regulatory landscape now evolving in Europe has seen a growing number of nations opting for a competitive but strictly regulated online gambling market, and decisions are likely to be increasingly informed by the required measures of the CEN Workshop Agreement which were framed earlier this year," Beveridge explains.

"By aligning our eGAPs with these recommendations, which cover nine key areas of activity, we not only provide a relevant and current roadmap to our accredited sites, but offer an expert framework useful to other operators committed to meeting requirements that are largely common to most regulatory initiatives," he added.

"Operators who have achieved eCOGRA seal status should comply with the latest developments for CEN Responsible Remote Gambling Measures."

CEN is the European Committee for Standardisation, one of three European Standardisation Organisations officially recognised by the European Union (http://www.cen.eu/). CEN inter alia draws up voluntary technical specifications, such as a CEN workshop agreement, to help facilitate a single market for European industry and consumers across its members in 31 European countries.

The 9 areas covered by the CEN Workshop Measures are:

  • 1. The protection of vulnerable customers
  • 2. The prevention of underage gambling
  • 3. Combating fraud
  • 4. Protection of privacy
  • 5. Fair gaming
  • 6. Accurate customer payments
  • 7. Responsible marketing
  • 8. Customer satisfaction
  • 9. Safe operating environment

Some 134 detailed requirements under these headings are included in the recommendations and have been enshrined in the revised eCOGRA document.

The recommendations were developed through consensus across a wide range of remote gambling stakeholders – from experts on problem gambling and players to industry representatives and addiction and criminology academics – illustrating a real desire to work together to ensure that consumer protection issues are fully addressed as important EU developments unfold.

About eCOGRA

eCommerce and Online Gaming Regulation and Assurance (eCOGRA), an independent UK based organisation, is the leading supplier of compliance and advisory services in the areas of player protection, fair gaming and responsible operator behaviour to stakeholders in the remote gambling industry.

In 2011 alone eCOGRA will conduct almost 100 operator and software supplier compliance reviews against eCOGRA’s eGAP Requirements, the European Gaming and Betting Association (EGBA) Standards and various jurisdictional regulations. Monthly payout percentage and randomness reviews will be performed for over 300 remote gambling sites.

These services are provided to many of the industry’s leading operators, including 888, bwin, PartyGaming, The Palace Group, Ladbrokes, Unibet, Fortune Lounge, 32Red, Partouche, Expekt and BetClic.

About CEN

The European Committee for Standardization (CEN) is a business catalyst in Europe, removing trade barriers for European stakeholders such as industry, public administration, service providers, consumers and other stakeholders. Its mission is to foster the European economy in global trading, the welfare of European citizens, and the environment. Through its services CEN provides a platform for the development of European Standards and other specifications.

CEN’s 31 National Members work together to develop voluntary European Standards (ENs) in various sectors to build a European Internal Market for goods and services and to position Europe in the global economy. By supporting research, and helping disseminate innovation, standards are a powerful tool for economic growth. More than 60,000 technical experts as well as business federations, consumer and other societal interest organizations are involved in the CEN network that reaches over 480 million people.

ecoga, online gambling, gambling news, gambling industry, online gambling industry, gambling industry news, online gambling news, online gambling industry news, casino operators, online casino industry, gambling regulation, online gambling regulation, CEN

VN:F [1.9.22_1171]
Rating: 5.0/5 (2 votes cast)
VN:F [1.9.22_1171]
Rating: +2 (from 2 votes)