Regulatory

Amaya Gaming, the pretty little duckling that turned into a magnificent swan, almost overnight, is now the official owner of the French subsidiary of PokerStars.  Amaya acquired the Rational Group for $4.9bn.
The UK’s Gambling Act completes its ‘point of consumption’ regulatory framework requiring all online gambling companies wishing to offer their websites in the UK to first obtain a remote gambling licence from the country’s Gambling Commission.  In the past, major gambling operators have obtained licences from such regulatory jurisdiction as the Isle of Man, Alderney, Gibraltar or Malta, but now the UK Gambling Commission is set to become an important global iGaming regulator. The move is also likely to shake up many offshore regulatory jurisdictions, as many major UK gambling operators, such as William Hill, Ladbrokes, Victor Chandler, Bwin.Party, and BetFair, are based in locations such as Gibraltar.  Now, a requirement for qualify for a remote gambling licence, the online gambling operator must ensure that not more than 3% of its revenues are derived from grey markets, whilst also providing legal rationale for their presence in such markets in the first place.  This could potentially represent a game changer for the global iGaming market, as many major gambling firms will now have to exit grey markets if they are to be granted access to the UK. Furthermore, The Gambling Act could act as a potential model for other European online gambling markets.  PGRI Note:  This has hugely important implications for the entire EU online gambling regulatory structure.





Public Gaming /Paul Jason - pjason@publicgaming.com   / Susan Jason - sjason@publicgaming.com  /Office Phone - + 425-449-3000  
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