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European nations may be following in the footsteps of the United States regarding the regulation of online gambling. Already the United States has banned money transfers from financial institutions to online casinos and poker rooms to fund cash accounts for online play even though only eleven out of fifty states has declared online gambling as illegal. Most online gambling sites have restricted access to American customers because of this and if things in Europe keep going in the same direction, online casinos and poker rooms may be in big trouble.

Recently the regulation of online gambling websites has been taken into consideration in the Netherlands. The Justice Ministry is pursuing the same type of money transfer prevention that has been established in the United States for their own citizens and has released a list of online casinos to the banks requesting that they cease and desist all business relations with the sites on the list. According to a spokeswoman for the Justice Ministry, anyone offering a casino game without governmental permission will be considered in violation of the law and partaking in an illegal practice. The Public Prosecution Service of the Netherlands has been instructed to bring any delinquencies to court in order to decide whether or not they are in violation.

April saw the denial of a request by the state-owned ‘Holland Casino’ provider to open up and operate their own online casino. Had the Dutch Parliament agreed to the request, private providers may very well have pulled their services from citizens of the country because of what they perceived as unfair competition. Already the Netherlands and Greece have received letters from the European Union to regulate their markets and open them to private gaming providers as per the free trade agreement between members.

The German government also received a letter from the European Union asking them to state their views on the current European gambling laws as it pertained to their outlook on online casinos and poker rooms. Private providers specifically asked for the German government’s view on what they considered free rendering of services and how they would provide for the missing regulations. The German government has asked for an extension of the deadline that was issued in the letter in order to deliberate a final answer.

Denmark has agreed that poker is not a game of pure luck and is now currently repealing its gambling monopoly in order to regulate the market and open it up to private providers. The Danish government has, however, made it very clear to their citizens that anyone not paying duty on their winnings will be legally prosecuted as tax evaders.

In France, the government has announced that they too will begin licensing regulations that will allow outside companies to offer their games in the country, although the regulations may be as stiff as those currently in effect in Germany and the Netherlands.

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admin :: Jun.04.2008 :: Gambling Info :: No Comments »

Western Australia’s tax payers are being left to foot a potential $500,000 High Court fee, after gambling exchange company Betfair successfully challenged the WA law prohibiting residents from placing bets using online exchanges.

Since the turn of the century, punters from around the world have been able to use Betfair’s online exchange to place odds on horse races, sporting events and even future terrorist attacks. In November 2005, in its continued effort to expand, Betfair received and capitalised on their license to operate in Tasmania, Western Australia.

The success of Betfair and similar online exchanges come from the increased betting potential and its variety. Punters are able to bet on their favourite teams or horses even when they stand little chance of winning, or bet on the next global disaster or even the next assassination. The important thing is not just to pick the winning horse for example, but betting on the correct outcome whatever it may be. Such a strategy of betting considerably raises the scope for betting options and as long as the punter has an opposing bid, the bet will always be on.

Developments within online exchange betting however have not been easy. The prospect of terrorists making potential monetary gains through their own attacks for example, doesn’t bear thinking about, but this possibility among others has not stopped the likes of Betfair from succeeding and steadily spreading their wings.

Online exchanges, highly popular amongst the punters appear to raise considerable concerns amongst authorities. Despite being infamous for their laid back approach, the Australian authorities have come to view online exchanges as an undesirable addition to their existing gambling industry. Greatly reflecting the feelings amongst the US Government in the WTO battle with Antigua, Betfair and other online exchanges are being accused of being freeloaders from the racing industry, avoiding taxes and contributing nothing to the racing facilities themselves.

It was such fears that bought about changes in the Western Australia law recently causing online exchange betting to be outlawed.

Under the changed law, both the actions of the service user and the provider were deemed criminal leaving any punter caught using online exchanges subject to AUD$10,000 fine or imprisonment for up to two years

Betfair was not slow on the uptake in responding to this change and quickly followed it up with a plea to the Australian High Court.

The Betfair vs WA case, well on its way by the end of last year, proved to be of great interest. During the proceedings, the judges were carefully shown how to place a $10 bet using the online exchange which earned the remark “this is getting interesting … I might get addicted” from Justice Michael Kirby. Justice Susan Crennan on the other hand highlighted the difficulty of monitoring collections of lay bets, stating that such betting strategies would undoubtedly concern the authorities and the integrity of the racing industry. However, based on the argument that the law contradicts section 92 of the constitution in which it states trade between states should be “absolutely free,” the defendant representative, Mr Gageler led Betfair to a euphoric victory.

As a result of their loss, WA authorities remain with the considerable sized court fee whilst Betfair are free to resume business as normal. Racing and Gaming Minister Ljiljanna Ravlich, in charge of the remaining affair, has taken more than an honest approach to this debt, openly stating “I’d say it would be in the order of probably the half a million mark (AUS dollars) if that, probably less,” for which tax payers are likely to take the buck.

While Betfair leave victorious from Tasmania, their problems are far from over. Already in Victoria, Australia they are involved in another controversy. Bookies are being banned from betting with Betfair on course with authorities threatening to revoke licenses from the bookies should they continue to do so.

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admin :: May.28.2008 :: Gambling Info :: No Comments »