Tuesday, October 9, 2018

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Greece proposes new online gambling licensing plans

The bad news? They will have to shell out 4million for a new licnese for sports betting alone. For any additional gambling services like there will be an additional licensing fee of 1 million. According to the new proposals, the new licenses will be valid for five years, and operators must apply for renewal at least one year in advance of the license expiration, with renewal fees equal to the original license fee. Applicants must submit a deposit of 500k and demonstrate that they hold a license to operate online in another European Union market, along with records of their previous three years of financial performance.

For the original version including any supplementary images or video, visit https://europeangaming.eu/portal/latest-news/2018/09/12/28003/greece-proposes-new-online-gambling-licensing-plans/

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Monday, October 8, 2018

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Online gambling advertising restrictions in Australia and Nintendo lawsuit BlogIPT Italy Blog

Moreover, during live events commentators are not allowed to promote odds and gambling representatives are also banned from appearing at specific venues during this period. The ACMA chair Nerida OLoughlin which made the amendments in line with the Australian Government policy on stricter advertising restrictions for the gambling industry, said that: this is the first time that online services streaming live sport have been required to comply with gambling advertising restrictions also specifying that this new regulation [] brings online services in line with television and radio broadcasting services. It creates a safe zone for children and families to watch live sport across a variety of platforms. The express intention of the Australian regulator is to monitor the impact of the new rules over a 12-month period, after which it will consider whether to conduct a formal review of the stricter approach. The ratio behind the regulation has been clarified in the explanatory statement and it represents a noteworthy proposal, if compared to the current Italian law providing for a total and unjustified gambling advertising ban . Nintendos lawsuit against emulator websites After the lawsuit filed by Nintendo against LoveRETRO and LoveROMS ROM sites asking for compensatory damages in breach of massive copyright and trademarks infringements, both sites have removed all Nintendo games from their website, while games for other consoles still remain available. In the face of the legal action websites owners are trying to settle the disputes with an ongoing negotiation. As the court filings explain: almost immediately after the complaint was served, the parties began actively discussing and working toward settling the case. In response to the request of the defendants lawyers, Nintendo requested a substantial number of documents as part of the settlement negotiations. Other than time and legal costs savings, Nintendo would avoid the risk of negative precedent where a court might rule that not all older ROMs are copyright-infringing.

For the original version including any supplementary images or video, visit https://www.lexology.com/library/detail.aspx?g=b62a1287-7470-44ba-a91c-bfb629a2914f

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UKGC Orders Online Gambling Sites to Remove Withdrawal Restrictions

UKGC UKGC Orders British Online Gambling Sites to Remove Withdrawal Restrictions UKGC Orders British Online Gambling Sites to Remove Withdrawal Restrictions People who choose to gamble online should be free to walk away with their money whenever they want to: thats the key message from UKs Competition and Markets Authority (CMA), following its investigative report into the online gambling industry which was published last week. Some British online gaming websites deliberately make life hard for customers who want to withdraw their own bankrolls, the CMA report has concluded, a practice that will no longer be tolerated, UK regulators have made clear to internet operators. (Image: Andy Rain/EPA) The probe was sparked by consumer complaints about restrictions imposed on withdrawals by certain operators. This week, the United Kingdom Gambling Commission reiterated the findings and warned operators that they will face action if they continue to engage in unfair withdrawal practices. The two-year-long CMA investigation found that some sites state in their terms and conditions that players balances will be seized if their accounts lie dormant for a certain period of time.

For the original version including any supplementary images or video, visit https://www.casino.org/news/ukgc-orders-online-gambling-sites-to-remove-withdrawal-restrictions

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