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Showing posts with the label regulation

German govt in cuckoo land

For several years, there has been much debate about German law and the licensing of sports betting. It's a country divided up into provinces which often have conflicting laws. Most, if not all, of the 'legal' online betting licences in Germany stem from former East German regions which were somehow able to offer things which weren't allowed elsewhere in the unified country. Now with the EU pushing hard for all member states to allow/regulate online gambling, Germany decided it had better follow suit before it got dragged through the courts forever and a day. And this is what they come up with.... Germany’s non-ratified sports betting proposals 7 five-year licences to be issued 16.67% turnover tax Live betting but only on final result. No in-play Only land based casinos would be able to operate online casino Sports betting advertising only allowed on or in sports arenas and club shirts and not on television ----- France is the most recent big European nat...

France starts to water down its proposed gambling bill

This was always going to happen - maybe not this particular change, but like any negotiations, you start with a ridiculous offer, then gradually become more realistic. Betting operators in France will no longer have to close down all French accounts from the time the law is voted until the licences are awarded, but they will have to transfer them all to the .fr site once approved and operating in France. A pain in the arse maybe, but not the end of the world, after all, that's what Betfair did with accounts in Australia & NZ when they got the Tasmanian licence. Operators in France escape player account shut downs And to counter their position, they've decided to increase penalties on firms not seeking French licences. Yeah, can really see that one working....

Betfair blocked by loopy French regulations

Despite egamingreview claiming Betfair were over the line six weeks ago , the French government have drafted their new online betting legislation this week, with a specific prohibition for betting exchanges. French government's new gambling law bans Betfair and all exchanges The French government has effectively outlawed the online betting exchange Betfair after passing an amendment to new gambling laws. These are being closely watched by sports bodies in the UK which are lobbying the government to bring in similar regulations. Under a surprise last-minute amendment, betting exchanges such as Betfair that allow punters to lay as well as place bets were excluded from the legislation in a move that the company described as "discriminatory". ... Passing the amendment, the French parliament also referred to a 2007 report from the British Gambling Commission that said 9.8% of punters using betting exchanges developed gambling addictions, compared to a rate of between one and t...

the reason why betting institutions MUST have segregated accts for customers and operations

Prime example of why America doesn't allow widespread gambling - they simply have no idea how to look after the public interest. NH enacts rules to protect track bettors Wednesday, January 14, 2009 CONCORD, N.H. (AP) — New Hampshire has approved stricter gambling regulations to protect bettors if state dog or horse tracks go bankrupt. The rules could have saved bettors at the bankrupt Hinsdale Greyhound Park a half-million dollars they had in betting accounts at the track. The Racing and Charitable Gaming Commission approved the regulations on Tuesday. They will require the state's three remaining greyhound and harness racing tracks to maintain accounts at state financial institutions that could be used to pay back bettors and other creditors in bankruptcy or closure. The Lodge at Belmont, Rockingham Park and Seabrook Greyhound track have until March 1 to open the accounts. The Hinsdale track filed for bankruptcy last month and abruptly closed. The track used money from the bet...