German Court Decision Leaves Online Gambling Market in Limbo

7th October 2014 by kdollar

Germany regulated online betting earlier this year, but a recent court decision could jeopardize the new industry. Many experts believe that the industry will remain unregulated for the foreseeable future.

The Hesse Ministry of the Interior began accepting online betting applicants in March. Calvin Ayre initially believed that online gambling would be launched in the second half of the year, but the industry has faced several setbacks. Only 20 licenses were available and the applications were screened carefully. A number of licenses were issued earlier this week. Several companies that were denied licenses filed a lawsuit to have licenses suspended.

The Hesse Ministry of the Interior delayed implementation of the licenses in anticipation of a lawsuit. Licensed gaming providers hope that the lawsuit will be settled in the near future.

Cashpoint is one of the companies that will be inconvenienced by the new ruling. The company formed a joint venture with Maxcat Vertriebs at the beginning of the year. The companies have been planning to offer sports betting to German citizens for months, but may need to hold off before their site can be launched.

Deutsche Telekom, a telecommunications company in Bonn, is another firm that is discouraged with the new ruling. Deutsche Telekom decided to diversify in the online betting market earlier this month. A spokesperson for the company said the company was still discussing its future plans, but is optimistic about the new opportunity.

The recent court decision is a temporary setback, but gaming providers are still hopeful. Germany has taken a more liberalized position on online gambling over the last year, which will create many new opportunities for gaming operators.

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UK Players Urge Gambling Commission to Change Auto Top-Up Rule

27th September 2014 by kdollar

Several years ago, the United Kingdom Gambling Commission implemented a new set of policies to discourage problem gambling. The Remote Gambling and Technical Standards states that gaming providers must avoid designing their products to encourage players to chase losses or increase their wagers. However, a number of players have filed complaints with the UKGC, stating that the policies have failed to resolve the problem.

Many citizens have stated that the new policy has placed them at a disadvantage against players from other regions. Players often use automated top-up features to ensure they set their bid at the maximum each hand, which is a necessary feature for many strategies. These players need to take time to manually set their bets at the highest level. As a result, they have less time to formulate an effective strategy and can play fewer tables at a time.

They claim that the new policy hasn’t discouraged them from placing high bets. They feel that the new policy should be amended, because it has only placed them at a disadvantage against other players.

Richard Richardson is one of the players that have commented on the policy on Two Plus Two. Richardson said that players using the top-up feature aren’t chasing their bets. He said that the option is an effective strategy for players with a large pool of chips. Richardson also said that multi-tabling doesn’t encourage players to increase their wagers. He said that players actually tend to place lower wagers while playing multiple tables, which nullifies the benefits of the UKGC ban on top-up automated trading.

Richardson has created an online petition and is encouraging other Two Plus Two members to sign it. However, he may make some modifications to the text. Martin Shapiro has suggested altering the proposal to emphasize the argument that top-up automation doesn’t encourage players to chase their losses in any meaningful way.

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Spain Closes Bitcoin Loopholes for Online Gambling Providers

22nd September 2014 by kdollar

Bitcoin gambling sites are prolific in Spain. They have been mostly unregulated, because law enforcement officials and gaming regulators believed the laws only applied to gambling sites using traditional currencies. However, El Ministerio de Hacienda y Administraciones Públicas, the financial regulatory authority recently announced that existing laws apply to bitcoin gambling sites.

The Spanish government has become increasingly wary of bitcoin. In May, officials announced that they would begin tracking bitcoin expenditures to ensure they aren’t used for money laundering or other illicit activities.

El Ministerio de Hacienda maintains that bitcoin isn’t legally money. However, it stated that it is a medium that can be exchanged for money, The new ruling shows that bitcoin and other cryptocurrencies are still subject to many regulations that apply to traditional commerce.

There are a couple of implications of the new ruling. All bitcoin gaming providers will be required to receive licenses to operate in Spain. Many have used bitcoin to avoid the cost of seeking a license, exploit tax loopholes and escape the government’s increasingly strict regulations.

Some gaming providers have took advantage of the ambiguity of bitcoin laws to continue offering their services to regions that banned online gambling. The new ruling also prohibits gaming providers from operating in the United States or other regions that have prohibited all forms of online gambling or risk losing their gaming licenses.

Many other governments are debating the legality of bitcoin and the logistics of regulating it. New York State recently proposed new regulations to oversee cryptocurrency transactions. Other governments feel that it requires more oversight to curtail crime and protect citizens. They may follow the Spanish government’s lead and begin placing new requirements on bitcoin gaming sites.

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GBGA Launches Challenge to UK Gambling Laws

24th July 2014 by kdollar

The United Kingdom recently passed a new law that would require all companies to receive a license from the UK Gambling Commission. Online gaming providers throughout the world have protested the new requirement. The Gibraltar Betting and Gaming Association (GBGA) has been one of the most vocal critics of it. The GBGA said that it intends to protest the new laws in court.

The organization recently wrote a letter to Sajid Javid, Secretary of State for Culture, stating that the new requirement is a breach of EU free trade laws. He said that the new laws also fail to protect UK citizens from illegitimate grey market gaming providers.

Many online gambling providers may feel overwhelmed with two different regulatory requirements. The Gibraltar government fears that the new law will encourage many online gambling operators to relocate to the United Kingdom. Other European countries may share that sentiment and protest the law, stating that it would give the United Kingdom a competitive advantage in the online gambling industry.

William Hill, Ladbrokers and a couple other members of the GBGA don’t support the legal challenge. However, they have raised similar concerns with the two license requirement.

The GBGA said that some of its members have been operating out of Gibraltar for nearly two decades. It maintains that the Gibraltar gaming regulators have done their job effectively and protected consumers throughout Europe. The group stated that the UK Gaming Commission won’t be able to effectively oversee companies based in other countries, which increases risks to consumers.

The group has also raised concerns with the 15% point of consumption tax. Peter Howitt, head of the GBGA, said that many citizens may choose to use black market gaming providers instead to avoid the tax.

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European Leaders Propose Restrictions on Online Gambling Advertisements

16th July 2014 by kdollar

European lawmakers have raised a number of concerns about the social consequences of online gambling. The European Commission recently stated that countries in the region will need to reform their online gaming laws to protect citizens and minors. EC lawmakers are advocating member states to pass new laws that would restrict advertisements for online gaming providers.

The European Commission isn’t opposed to the concept of online gambling. However, it wants to make sure that the industry is properly regulated. The market has grown significantly in recent years, so there is more pressure to create new policies to oversee it. The biggest concern lawmakers have raised is deterring minors from accessing online gaming sites. They feel that better player verification systems may be necessary.

EC officials are also speaking with leaders of various online gaming providers. They are urging these executives to implement their own safeguards to protect citizens with gaming addictions and minors.

The EC has proposed several new regulations it feels all gaming providers should abide by. It is encouraging member states to prohibit gaming providers from misrepresenting chances of winning or making other unrealistic claims. The EC also feels that member countries should require gaming providers to be more transparent about the social risks of online gambling.

Michel Barnier, a spokesperson for the EC, said that lawmakers want to create more protections for players. Individual countries won’t be required to implement any specific solutions the EC proposes. Barnier said that the EC’s role is to provide the goals that countries should strive to reach, while allowing them the latitude to achieve them.

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UK Gaming Regulator Expects Surge of License Applications

10th July 2014 by kdollar

The UK government recently revised its licensing requirements for online gaming providers. Under the new regulations, gaming operators will be required to pay a consumption tax on all revenue generated in the United Kingdom. The new tax will apply to all online gaming providers, regardless of where their servers are based. Jenny Williams, the CEO of the UK Gambling Commission, predicts that the new laws will cause about 150 gaming companies to apply for licenses.

The new regulations will also require all companies operating in the United Kingdom to have a gaming license from the UKGC. The regulator reserves the right to deny licenses to any company that violates laws in any other jurisdiction. The UKGC will also analyze the financial stability of all companies seeking online gaming licenses. They may refuse to issue licenses to gaming providers that operate in grey markets, because they are more likely to face insolvency risks.

The new laws will go into effect in two months, but it may need to overcome a legal challenge first. The Gibraltar Betting and Gaming Association (GBGA) recently wrote a warning to the UK government stating that it intends to challenge the new laws. The GBGA claims that the new laws violate EU free trade treaties and would unjustly harm Gibraltar. The lawsuit also claims that the laws would harm UK consumers, because they would encourage players to use unregulated gaming sites.

Williams doesn’t believe that the lawsuit will impact the UKGC’s timeframe. She said that many stakeholders have been preparing for the changes for a long time. The regulator doesn’t want to cause problems for companies that built their plans around its schedule.

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Check out the £500 Treasure Chest at Red Bus Bingo!

9th May 2014 by kdollar

The Red Bus Bingo online site is offering a hot £500 Treasure Chest game! This game that boasts an attractive total prize fund of £500 rolls every Saturday evening at 8:30pm.

If you are a real money player at Red Bus Bingo, take a look as the treasure chest opens up every week! Tickets for this game cost 50p each and you may purchase up to 96 cards. The £500 Treasure Chest is divided into three separate prizes. The full house winner earns £250, the 2 line winner gets £150 and the 1 line winner at this game gets a £100 prize.
Do take a look at the Red Bus Bingo site and check out the full details of the promotion and don’t forget that this opportunity runs every Saturday!

If you have not yet signed up at the Bingo site, what are you waiting for? This bright and attractive online bingo site presents some great entertainment with the chance to win cool prizes. As a new player at Red Bus Bingo you may enjoy some newbie treats! First of all, after you make your first deposit between the amount of £5 and £100 you may enjoy scratching the Red Bus Bingo Scratch card in order to expose your bonus. This bonus may be anything up to a hot 2,000% bonus! After making your deposit you should be able to find your scratch card in the banner in the lobby. In addition, you may be able to take part in the site’s £1,000 Daily Free Bingo game! Full details of all the promos are displayed at the site.

Make your way on over to Red Bus Bingo and try your luck at the £500 Treasure Chest on Saturdays!

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£50 Saturday Night Takeaway at Tasty Bingo

28th April 2014 by kdollar

If you fancy some tasty stuff, check out the Tasty Bingo site’s £50 Saturday Night Takeaway! You don’t need to step out of your front door and you can enjoy some yummy fun at Tasty Bingo! Saturday evenings offer some attractive fun with the cool prize of £50 in cash waiting to be won!

The £50 Saturday Night Takeaway involves a fun bingo game with the great opportunity to win a £50 cash prize at a very low ticket prize. Tickets for this game cost just 2p each and you may buy up to 96 for one game. This action takes place at Tasty Bingo at 7pm every Saturday evening. In order to win you need to be the first player to bingo on the S pattern. Please note that this £50 Saturday Night Takeaway game is available for funded players at the Tasty Bingo site.

This is just one of the attractions at Tasty Bingo. You may also try out the Penny for a £30 Pizza game! Cards for this game are priced at just 1p each and you may have the chance of getting your hands on a hot £30 cash prize! This game takes place each Thursday evening at 6pm. Here, in order to be the lucky winner of the prize you need to be the first to bingo on the pizza pattern.
If you have not yet signed up at Tasty Bingo, there is no time like the present! As a new player at this hot online bingo site you may gain a 200% bonus on your first deposit plus £10 in bonus funds.

Take a look at the tasty action that is rolling at the Tasty Bingo site!

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Win Cash and Prizes Every Day at Ladbrokes Bingo

19th April 2014 by kdollar

Fantastic prizes are waiting to be claimed at Ladbrokes Bingo! Take a look at the Ladbrokes Bingo site and check out what is happening this month!

In a special promo for real money players at Ladbrokes Bingo, customers may have the chance to win an iPad Mini, cool shopping vouchers and cash prizes! This promotion is rolling at the site from 17th March through until 27th April 2014.

Ten games are waiting each day during the promotional period in The Lounge during the evening. Two of the games offer a prize in addition to the full house cash prize and 8 of the games offer cash prizes.

Between the hours of 9pm and 10pm you can enjoy online bingo action at a ticket price of just 5p and with a minimum prize pool of £37. In addition there is also 10p bingo action with a minimum cash prize pool of £60. In this promo, at 9:30pm there is 20p bingo action that offers a minimum cash prize pool of £90 and a voucher giveaway. Also at 9:30pm you may enjoy 20p bingo action that presents a minimum cash prize pool of £90 and a prize of an iPad Mini.

If you have not yet joined the Ladbrokes Bingo site, don’t miss out on a cool welcome offer for new players! This attractive site presents an exciting collection of great online bingo entertainment and various offers and fun promotions. As you make your first deposit of at least £10 at the site, you may take advantage of a special bonus offer. You may gain a £20 bingo bonus and a £10 slots bonus!

Make your way on over to Ladbrokes Bingo and check out the fun action and the chance to win cool prizes!

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£30k Giveaway at Simply Bingo

9th April 2014 by kdollar

Look out for a fantastic £30k Giveaway game evening at Simply Bingo in April. This hot gaming event that awaits real money players at Simply Bingo on Sunday 13th April boasts a guaranteed prize pool of £30,000!

How do you like the idea of having the chance to get your hands on some of the prizes? Read on! Fun action will be running throughout the evening in this £30k Giveaway and prizes may be won at various different games. Bargain bingo and cheap online bingo games are available and some of the entertainment may be enjoyed at a ticket prize of a mere penny! The evening’s amusement will also include delights such as Last Chance Saloon games, BOGOF bingo and 1TG and 2TG games. It is also worth keeping an eye out for the cool Roll On Bingo games, as these are a favourite for many players!

If it sounds to you like all this fun and games may present an appealing opportunity then make your way on over to Room 1 at Simply Bingo between the hours of 5pm and 11pm on 13th April 2014! Don’t worry if you can’t be there at the specific time that the fun is rolling, as you can always purchase your tickets for the big games in advance. These may be bought today in the lobby!

If you have not yet registered at the Simply Bingo site, don’t miss out on a great welcome offer! This attractive online bingo gaming site will double the amount of your first deposit and this bonus offer is available up to £50! What are you waiting for?

Check out the Simply Bingo site and try your hand at the £30K Giveaway!


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