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Archive for the 'Casino Gambling License' Category

ECOGRA APPROVED AS AN ISLE OF MAN ACCREDITED TESTING FACILITY

Wednesday, July 30th, 2008

The independent online gambling standards and player protection organisation eCOGRA has been approved as an accredited testing facility by the Gambling Supervision Commission on the Isle of Man, a premier European licensing jurisdiction.

The accreditation followed extensive presentations by eCOGRA Chief Executive Andrew Beveridge, the organisation’s Independent Directors and audit team to the Commission earlier this year, which delivered credentials and explained the testing methodology used.

Commenting on the accreditation, Beveridge said: “We are delighted that a regulator of the calibre of the Isle of Man Gambling Supervision Commission has accepted our credentials, audit experience and professional qualifications after intensive study. Our testing principles and methodologies have now been recognised by several international jurisdictions concerned with protecting players through the professional and continuous testing of online casino and poker room operators. (more…)

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EGBA Launches New Standards Initiative

Wednesday, July 30th, 2008

The European Gaming and Betting Association (EGBA) has this week launched of a broad set of accountable operator behaviour standards for the protection of online players.

The Brussels-based organisation counts most of Europe’s tier-one online gambling companies as members and stated that its new principles balance the strict legal requirements already required by most European Union licensing jurisdictions. Containing more than 170 technological obligations, EGBA’s standards have been introduced in a controlled basis in order to take into consideration all characteristics of online gaming and betting-related services.

“These standards are a sign of our commitment to an exemplary level of corporate and social responsibility,” said Norbert Teufelberger, Chairman for the EGBA. (more…)

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Gambling in Australia: National Approach To Aussie Problem Gambling

Wednesday, July 30th, 2008

In Australia, the Treasurer and Minister for Racing for the state of Tasmania, Michael Aird, has announced that he was extremely pleased with the progress made at last week’s Ministerial Council on Gambling (MCG) meeting in Melbourne.

The MCG was held in order to discover ways of developing a national approach to problem gambling throughout the whole of Australia. Aird stated that the meeting made it clear that Tasmania is leading the way with regulations such as a cap on the number of poker machines along with forbidding automatic teller or note accepting machines in clubs and pubs. (more…)

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South Africa Approves Online Gambling

Wednesday, July 30th, 2008

After being approved by Parliament in May, President Thabo Mbeki has signed South Africa’s National Gambling Amendment Bill into law but, frustratingly, the legislation will not be implemented ‘until a date chosen by the President’.

With the President’s signature, South Africa has become the latest nation to legalise online gambling but it could still be some time before operations begin as officials work out on how to implement all of the new legislation in the Bill.

The legislation was drafted in response to a report conducted by South Africa’s National Gambling Board and amends the 2004 National Gambling Act to legalise online gambling along with establishing a licensing and regulatory system. The Bill establishes a system to monitor gaming websites in order to prevent money laundering along with initiating programmes to stop addictive gambling issues before they begin. (more…)

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Poker Websites Hit Hard by Check Processing Issues

Monday, July 28th, 2008

Many of the major online poker websites catering to US customers and a few of the more high volume sports betting operations have been hit hard by payment issues following the closure of a check processing service. The Internet poker sector was especially affected due to their high volume. These firms are unable to utilize more reliable processing firms based in North America due to the current legal climate. Check processing companies have had trouble handling high volume establishments. Customers of some online gambling businesses reported bounced checks after one processor apparently shut down.

Gambling911.com now follows a similar industry position not to name online gambling companies affected by known processing issues as this could severely jeopardize their ability to operate. (more…)

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Kanhawake Gaming Commission Appoints Independent Investigator

Monday, July 28th, 2008

The Kahnawake Gaming Commission (KGC), which oversees numerous online poker sites using Kahnawa:ke-based Internet services in Canada, has released an official statement, announcing the appointment of an independent monitor to investigate Tokwiro Enterprises, parent company of both Absolute Poker and Ultimate Bet, The appointment of Frank Catania, a former Director of the New Jersey Division of Gaming Enforcement, stems from the KGCʼs finding that individuals within both Absolute Poker and Ultimate Bet, had created and carried out a scheme to cheat players. The KGC’s complete findings and final decision in the Ultimate Bet case are still pending.

The complete body of the text of the KGC statement follows:

KAHNAWAKE GAMING COMMISSION APPOINTS INDEPENDENT MONITORING-INVESTIGATION TEAM

Effective immediately, the Kahnawa:ke Gaming Commission (KGC) has appointed an independent monitor to investigate the KGC Licensee, Tokwiro Ent., parent company of both Absolute Poker and Ultimate Bet, led by former New Jersey State Gaming Regulator, Frank Catania. (more…)

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Jim McDermott Introduces New Internet Gambling Legislation

Wednesday, July 23rd, 2008

More information to continue the previous article:

The online poker world was buzzing on Wednesday with the news that Congressman Jim McDermott (D-WA) had introduced legislation that would allocate up to $40 billion over the next decade to provide educational and job training assistance to current and former foster care participants as well as people in declining job sectors. How does this affect online poker, you ask? Great question! The $40 billion in revenue won’t come from existing taxes or even increasing the federal deficit. Instead, the new relief will come from federal taxation of internet gambling, if and when the industry is allowed back into the United States.

The bill, HR 6501, known as the Investing in our Human Resources Act of 2008, was formally introduced by Congressman McDermott on Wednesday. It gives new and important opportunities to two critically underserved populations – those in foster care and those in what a letter from McDermott describes as “old-economy jobs.” Up to $40 billion will be allocated for these groups from internet gambling. The letter continues: “Revenues generated by internet wagers that are legal and regulated would be deposited into a newly-created Transitional Assistance Trust Fund. Money from this trust fund would be made available to states and territories based on population.” (more…)

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Gambling on the Rise in Singapore

Monday, June 30th, 2008

Ten times more gamblers in Singapore in 2008, a survey finds.

While there are a couple of companies in Singapore that offers the small Asian nation’s residents gambling and betting services, there is no official, not to mention legal, online gambling services.

This, apparently, does not stop Singaporeans from betting online.

The legal option
The Singapore Pools and the Singapore Turf Club are the two gambling companies allowed by Singapore law to offer any betting facilities to local residents. These services do not include any online services. (more…)

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Online Gambling Figures Flying in Norway

Monday, June 30th, 2008

The Norwegian online gambling industry has grown by a substantial 6.1% in the last year, according to figures released this week by the Norwegian Gambling Commission.

Choice gaming
An estimated 244,000 Norwegians gambled online in the last year, spending a total of Euro 961 million. The state lottery was the most popular choice with 48% of gamers choosing this online option. This was followed by online poker sites coming in at 28% and online sports betting at 27%.

Foreign players
82.9 % of online gambling revenue was directed at foreign providers, with Norwegian operators: Norsk Rikstoto and Norsk Tipping receiving a further $258 million. (more…)

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Congressmen Vote To Allow Illegal Online Gambling To Harm Children

Thursday, June 26th, 2008

The United States government likes to claim they are looking out for our children’s futures. Today on Capitol Hill, those same congressman who like to say they protect children, made the mistake of putting America’s youth in a harmful path.

Thirty two members of Congress voted on a Bill today that could forever change the future of many American children. Instead of having the protection of our government, today’s youth will have to decide on their own which gambling website out of the thousands available to them, could destroy their futures.

A Bill was being presented by Rep. Barney Frank that would have regulated an online gambling industry who will prey on anyone who they can steal money from. The Bill was defeated , in large part, because the thirty two members that voted against it were ignorant to what they were voting on. (more…)

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