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Norway’s ambition to legalize online gambling has moved one action closer: the country’s customs Committee has requested an effect evaluation on dramatic regulation proposals that may completely open the market up. The committee will closely examine the experiences of other nations, such as for instance Sweden, Denmark therefore the UK, before drafting its own legislation that the government hopes to implement next year.

Norway currently has some of the tightest gambling controls in European countries. Online gambling is basically unlawful in the united states, with just two companies that are state-owned to provide restricted games of opportunity to its citizens, Norsk Tipping and Norsk Rikstoto. Norsk Tipping provides games like lotteries, keno and some sports betting, and falls under the jurisdiction for the Ministry of Culture and Church affairs, which ensures that players are only permitted to place bets at certain times of the day and imposes restrictions regarding the amount players are allowed to bet. Norsk Riksoto, meanwhile, provides parimutuel gambling exclusively for horseracing.

Nothing to Bank On

In 2010, the federal government passed a law that banned banks that are norwegian processing all kinds of gambling transactions, online and live, not simply within Norway, but all over the planet, basically barring Norwegia (mehr …)

The UK Gambling Act is delayed by one month, as the Department of Culture, Media and Sport considers the legal challenge associated with Gibraltar Betting and Gaming Association (GBGA). The new act was scheduled to come into impact on October 1, but will now be pushed back to November 1.

The GBGA issued the process in the High Courts in an effort to derail what it has called a misguided piece of legislation and a ‚wholly unjustified, disproportionate and interference that is discriminatory the best to free movement of solutions.‘

The act requires all online gambling operators to hold a UK license and pay a 15 percent tax on gross gaming revenue if they want to engage with all the UK market. Previously operators that are such be licensed in a number of jurisdictions around the globe, certainly one of which had been Gibraltar. These jurisdictions was indeed quick hits slot machine approved, or ‚white-listed‘, by the government in Westminster beneath the 2005 Gambling Act.

Legislation Unnecessary?

The GBGA’s objections are twofold. Firstly, it believes that the 15 percent ‚point of usage tax‘ will force operators to cut their bonuses and VIP programs, which will drive Uk gamblers towards the unlicensed market that is black as the UK regulated sites will not manage to compete, thus failing in its stated aim of ‚con (mehr …)