Fixed odds betting machines casino type games used to launder money

Fixed odds betting machines casino type games used to launder money

Since fixed-odds betting terminals were introduced in the United Kingdom in 2001, they have not been as strictly regulated as other forms of gambling. These betting machines based on casino games allow players to bet large amounts every few seconds and this is proving to be the attraction for those who wish to launder money

The Present Situation and the Future of Online Gambling in the United Kingdom

The Present Situation and the Future of Online Gambling in the United Kingdom

At the moment under the 2005 Gambling Act, only online casino operators who hold a European Union gambling from certain countries along with holders of licences from Gibraltar, Malta, Antigua, Alderney and the Isle of Man among others are permitted to offer their services to British internet gamblers. The United Kingdom Gambling Commission has “whitelisted” 

Malta complains to European Commission about UK’s Online Gambling Tax

Malta complains to European Commission about United Kingdom’s Online Gambling Tax

Malta which is one of the major European centres for online gambling recently made a complaint to the European Commission concerning the British government’s proposal to change its gambling laws. This proposed change would introduce a “point of consumption “ tax on all online gambling activity involving players in the United Kingdom. At the moment

Update on the United Kingdom Tax on Online Gambling

Fixed odds betting machines casino type games used to launder money

Since the end of 2011 there has been movement by the British government to reform gambling legislation. This review has been in the offing since the Gambling Act was passed in 2005 when provision was made for changes to be made if judged necessary. In the 2012 Budget a major change was announced, this was

British Gambling Laws out of date according to MPs

The Present Situation and the Future of Online Gambling in the United Kingdom

At a meeting of the Commons Culture Committee Members of Parliament claimed that current gambling laws in the United Kingdom are out of date in particular when viewed in the context of online gambling and changes in society. Members of Parliament criticised the 2005 Gambling Act  which was to have liberalised the British gambling industry.

Bid by Rank to Acquire Gala Coral’s UK Casinos sent to Competition Commission

Bid by Rank to Acquire Gala Coral’s UK Casinos sent to Competition Commission

The British Office of Fair Trading has referred the bid by the Rank Casino group to acquire 26 casinos from Gala Coral to the Competition Commission. The Rank Group in which the Malaysian billionaire Quek Leng Chan has a majority shareholding has 34 casinos in the United Kingdom operating as Grosvenor and GCasino casinos. If

Bid to have all online gaming operators licensed in the UK

Bid to have all online gaming operators licensed in the UK

At the moment the United Kingdom accepts as legal online gaming operators who are licensed in countries on its “white list” as well as operators with licences from the UK Gambling Commission. Licences from jurisdictions within the European Economic Area (EEA) and Gibraltar are also accepted. However this situation could change because of a bill