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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David Clifton, director at licensing and gambling consultancy Clifton Davies, discusses an issue he recently debated at a seminar in Westminster – that the government is not consistent when it regulates gambling and that it is also needlessly overbearing. Let me start with a statement of the obvious: the fundamental objective behind the regulation or prohibition of any human activity …
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Minister for gambling Helen Grant MP has made this statement to Parliament: “The 2005 Gambling Act was introduced by the then Government with the aim of liberalising the gambling market in Great Britain. Nearly seven years on from the Act’s implementation, the gambling industry has developed in innovative ways, with new products now marketed and made available on a greater …
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Betting shop staff are to present a petition signed by 1m people to Downing Street today in a bid to get the government to push back its current relentless changes to the regulation of bookmakers. Campaigns against FOBTs, so called ‘clustering’ of shops and the accusations that the industry is targeting poor areas has left the government feeling vulnerable to …
Read More »UK newspaper The Guardian yesterday broke the news that Prime Minister David Cameron has ordered a review of the UK Gambling Code of Conduct. Reports suggest that the Prime Minister is keen to issue wagering restrictions and add further amendments to the Code. In a supposed leaked letter to the newspaper, the PM asks that the voluntary code introduced in …
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SBC affiliate correspondent Marc Pedersen reports from the iGaming North America show at Planet Hollywood in Las Vegas. I’ve only been out at the iGaming North America conference for one day, but already I’m getting a good feel for how the market is setting itself with regards to the opening up on online gaming. While there is lots of media …
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SBC News caught up with Remote Gambling Association Chief Executive Clive Hawkswood to ask him a few questions about his organisation’s new ground-breaking agreement with GamCare and Gordon Moody Association for protecting vulnerable people using self-exclusion. SBC: What has been the biggest challenge in setting up a self-exclusion system for remote operators? Clive Hawkswood: For individual remote operators, self-exclusion works …
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