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Norway On Track for Regulated Online Gambling

Norway On Track for Regulated Online Gambling

Norwegian Culture Minister Thorhild Widvey is seeking to liberalize Norway’s online gambling laws.

Norway’s ambition to legalize online gambling has moved one step closer: the country’s Culture Committee has requested an impact assessment on dramatic regulation proposals that could completely open the market up. The committee will closely examine the experiences of other countries, such as Sweden, Denmark and the UK, before drafting its own legislation that the government hopes to implement the following year.

Norway presently has some of the gambling controls that are tightest in European countries. Online gambling is basically unlawful in the united states, with only two state-owned organizations permitted to provide restricted games of chance to its citizens, Norsk Tipping and Norsk Rikstoto. Norsk Tipping provides games like lotteries, keno plus some sports betting, and falls beneath the jurisdiction of this Ministry of customs and Church affairs, which ensures that players are merely 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 betting exclusively for horseracing.

Nothing to Bank On

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In 2010, the government passed a law that banned Norwegian banks from processing all types of gambling transactions, online and live, maybe not just within Norway, but all over the world, really barring Norwegians from making use of their credit cards to gamble in overseas jurisdictions, also where such practices are legal. That means that, currently, Norwegian visitors to Las vegas, nevada, for instance, may battle to pay their hotel bills because the resort hotels offer gambling.

Presumably this statutory law was introduced because Norwegians who fancy a wager frequently embark on gambling trips abroad. As such, the Norwegian Poker Championships is an event that is itinerant has been held, over the years, such diverse places as Stockholm and Dublin, as poker tournaments are illegal and you can find no casinos in the mom country.

All of whom cut their teeth playing on illegal offshore sites, along with thousands of other Norwegians despite this, Norway has somehow been able to maintain a thriving poker community, one that has produced numerous poker champions over the years, from Annette Obrestad to Johnny Lodden to Andreas Hoivold.

Thawing of Attitudes

Norway’s desire to control and willingness to throw its borders open to licensed foreign online gambling sites, then, is really a major overhaul and, although the exact nature of this legislation is yet to be drafted, it additionally appears to be an admission that prohibition isn’t working. Truly, there is a huge thawing of attitudes within the national government, particularly towards poker.

A recent report, the biggest survey ever conducted in the Sweden, concluded that poker had been one of the ‘safest’ gambling games, scoring at a comparatively low danger factor for issue gambling. Another report estimated that offshore operators are using $120 million to $170 million in gross video gaming revenue from Norwegian citizens each year, a sum that might be taxed by the federal government in a market that is regulated.

And Norway, it appears, is also waking up to the slightly embarrassing state of affairs that requires its poker players that are best to travel abroad every year to attend the Norwegian Poker Championships.

‘I hope we can have a regulatory framework in invest time for the Norway Championship of Poker to be held in Norway in 2015,’ Culture Minister Thorhild Widvey stated recently.

Ultimate Gaming Severs New Jersey On Line Ties

Ultimate Gaming has accused the Trump Taj Mahal of ‘multiple breaches’ that led to your end of their partnership; the online operator shut down its NJ operations this weekend. (Image: Ultimate Gaming)

Ultimate Gaming never took off in brand New Jersey, trailing far behind offerings by companies like partypoker (partnered with the Borgata) therefore the Caesars/888 partnership. Now, with their land-based partner Trump Taj Mahal prone to close later this year, Ultimate is becoming the very first gaming that is online to bow out from the nj-new Jersey market.

The shutdown associated with the Ultimate Gaming internet sites, including a casino that is reasonably popular and a struggling poker room, occurred at 11:59 pm EDT on Sunday night. That followed a Friday announcement that the company had ended Trump Taj Mahal Associates to its relationship, following ‘multiple breaches’ of contract by the casino company.

‘We are grateful to the State of nj as well as the brand New Jersey Division of Gaming Enforcement for allowing us to be among the first companies to bring online gaming to the citizens of New Jersey and appreciate their leadership as certainly one of the first states to permit online gaming,’ stated Ultimate Gaming Chairman Tom Breitling.

Ultimate and Trump Had Tenuous Relationship

Trump Entertainment Resorts, which will be the parent company that operates the Taj Mahal, hasn’t commented on the Ultimate shutdown. But, the closing regarding the Ultimate sites comes after a tumultuous relationship between the Web gambling company plus the Atlantic City casino.

In the most Atlantic that is successful City, brick-and-mortar casinos have worked with their online pc software providers to help market and promote the sites. Ultimate Gaming received few such advantages of the Taj Mahal, leaving Ultimate to mostly market your website on their own.

That left the business in a tough spot, which especially showed up in its poker figures. Ultimate Poker never found much success in New Jersey, with the poker room ranking at or nearby the bottom of internet sites within the state, with regards to both revenue and traffic throughout its existence. The business’s casino product (UCasino) fared better, getting over $4.4 million in income through this year august. However, that nevertheless lagged behind the other Internet gaming operations in Atlantic City.

Player Funds Can Be Withdrawn

Players nevertheless have actually several days in which to access their Ultimate Gaming accounts and withdraw funds. After September 28, Ultimate will begin automatically processing refunds to players at their registered addresses.

‘Our company is working closely with the Division of Gaming Enforcement to make sure a transition that is smooth our online gaming customers as we wind down our brand New Jersey operations,’ Breitling said.

The Trump Taj Mahal is presently undergoing Chapter 11 bankruptcy reorganization, and it’s likely that Ultimate Gaming will be involved in those proceedings going forward. Fertitta Acquisition, company connected with Ultimate Gaming owner Station Casinos, is listed as a creditor owed nearly $1.5 million from the casino.

The news will not affect Ultimate’s operations in Nevada, where they operate Ultimate Poker. That site currently ranks second with regards to traffic in the Nevada online poker market, and Breitling says more improvements are arriving at their software package there.

Ultimate isn’t the only company in New Jersey that would be affected by troubles at Atlantic City casinos. Betfair was formerly partnered with Trump Plaza, which closed its doors earlier this month. While the Department of Gaming Enforcement has temporarily allowed Betfair to operate without having a brick-and-mortar partner, it seems unlikely that this kind of arrangement will be allowed to carry on indefinitely.

EU Match-Fixing Treaty Garners 15 Nation Help

Fifteen European nations have actually agreed to sign a treaty that is targeted at fighting the problem that is all-too-common of. (Image: edition.cnn.com)

A new EU match-fixing treaty to be finalized by 15 European nations will address a significant sports issue which has proceeded to plague league after league throughout the world. Match-fixing is a scourge that hurts fans, sports competitions, and honest gamblers and bookmakers alike.

That is why combating match-fixers is now this type of hot button problem in the wide world of sports in the past few years, with governments and bookmakers teaming up with organizations like FIFA and the International Olympic Committee in an attempt to stamp it out.

Now, these 15 nations in Europe have actually agreed to come together in purchase to stop and discipline match-fixing around the globe. Final at the Conference of European Ministers of Sport in Switzerland, the nations signed the Convention on the Manipulation of Sports Competitions, pledging to help promote integrity in sports in their nations thursday.

EU Nations Sign Convention

The signatories include several major nations that are european. The countries within the convention had been Armenia, Azerbaijan, Bulgaria, Denmark, Finland, Georgia, Germany, Greece, Lithuania, Montenegro, the Netherlands, Norway, the Russian Federation, Serbia and Switzerland.

By signing the convention, these nations have actually agreed to improve the flow of information and improve cooperation between national and international systems, including recreations books, leagues and competitions, and governments. Activities regulators that are betting operators is anticipated to just take more steps to combat fraud, while governments are expected to use legislation along with other measures to protect the integrity of matches.

‘This convention is a step that is major for integrity, ethics and transparency in sport,’ stated Thorborn Jagland, the Council of Europe’s Secretary General.

The Commission that is european called treaty a ‘new milestone’ in the battle against match-fixing. The body played a critical role in helping to bring together the meeting over the last two years.

‘Match-fixing is a problem that is cross-border action at European level is essential whenever we are to combat this scourge,’ said Androulla Vassiliou, the European Commissioner for sport.

Sports Betting Groups Approve Treaty, With Reservations

Reaction from sports organizations that are betting also largely positive. Groups including the Gaming that is european&amp Association (EGBA) and the Remote Gambling Association (RGA) arrived in support regarding the convention, even should they may have had some reservations.

‘It is our hope that [the convention] will further set the tone for the more cooperation that is effective all stakeholders to expel match fixing,’ said EGBA secretary general Maarten Haijer. ‘However, we are award that the CJEU [the Court of Justice of europe) has rightly been asked to provide its opinion on the compatibility of this concept of ‘illegal activities betting’ with EU legislation, and consider that the application of at the least this provision should be postponed before the CJEU has supplied legal clarity.’

RGA chief executive Clive Hawkswood said that bookmakers worked hard to ensure that no particular bet types had been banned in the convention.

‘The regulated sector that is betting difficult to explain why measures of the type would not make any material difference to the integrity of sport,’ Hawkswood stated. ‘What we have finally is just a relatively balanced and framework that is workable which rightly seeks to reflect the range of existing national regulatory frameworks as opposed to replace them.’

The convention was set to come right into impact 3 months after it received at the least five signatories, at least three of which were EU Member States. Since that threshold ended up being reached on Thursday, the convention will begin January 1, 2015. Other nations can remain a component for the convention; due to the fact treaty is made to fight against corruption worldwide, nations don’t have to be in European countries to sign on.

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