Gambling News 23rd January, 2017

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GOVERNMENT EXTENDS UK GAMBLING COMMISSIONER'S TERM

23rd January, 2017 at 17:54:54
For a further 12 months.

The UK Government has extended Walter Merricks' term as Commissioner of the Gambling Commission for a further year, ending December 31, 2017.

Full Story: Government Extends Uk Gambling Commissioner's Term »

ONLINE GAMBLING TYCOON FACES BIG PHILIPPINES BILL (Update)

23rd January, 2017 at 17:54:54
Pagcor claims Jack Lam owes P13.9 billion.

It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him (see previous reports).

Full Story: Online Gambling Tycoon Faces Big Philippines Bill (update) »

PAN-EUROPEAN TAX HARMONY 'DEAD IN THE WATER?"

23rd January, 2017 at 17:54:54
Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.

The European Court of Justice Attorney General Maciej Szpunar's rejection of the Gibraltar Betting and Gaming Association's arguments on the UK p.o.c. tax and his opinion that the UK and Gibraltar were one entity in these circumstances (see previous reports) could have major implications, opines an article published by Bloomberg business news this week.

Full Story: Pan-european Tax Harmony 'dead In The Water?" »

INTERWETTEN LAUDS 2016 RESULTS

23rd January, 2017 at 17:54:54
Targets top five Central European online gaming operator positioning in 2017.

Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform and targeted marketing.

Full Story: Interwetten Lauds 2016 Results »

GSA FOUND EUROPEAN DIVISION

23rd January, 2017 at 14:26:16
To be officially launched at ICE Expo.

The Gaming Standards Association (GSA) will formerly launch its newly founded, Malta-based European division at the upcoming ICE expo.

Full Story: Gsa Found European Division »

ITF TERMINATES BETWAY SPONSORSHIP DEAL

23rd January, 2017 at 14:26:16
As new anti-match fixing policy takes flight.

The International Tennis Federation (ITF) has reportedly terminated Betway's three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.

Full Story: Itf Terminates Betway Sponsorship Deal »

KONAMI CONTENT ON SUGARHOUSE ONLINE

23rd January, 2017 at 14:26:16
Live in New Jersey market for real-money play.

Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive -operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.

Full Story: Konami Content On Sugarhouse Online »

ONEBET PARTNERS FIA WORLD RALLY CHAMPS

23rd January, 2017 at 14:26:16
Multi-year deal as official sports betting partner.

Online betting operator OneBet has partnered the Fédération Internationale de l'Automobile (FIA) World Rally Championship in a multi-year official sports betting partnership.

Full Story: Onebet Partners Fia World Rally Champs »

ONLINE CASINO TO SPONSOR FREE-TO-AIR T.V. CHANNEL

23rd January, 2017 at 08:44:19
Front Runner channel covers poker as well as extreme and other sports.

Online casino operator Mr Green has become the first sponsor of the free-to-air UK television channel Front Runner, which carries poker content along with coverage of extreme and other sports.

Full Story: Online Casino To Sponsor Free-to-air T.v. Channel »

RUSSIAN ONLINE BETTING TRANSACTION HUBS INCLUDED IN NEW TAX DEMANDS

23rd January, 2017 at 08:44:19
Russia's two compulsory online bet processing centres (TSUPIS) face rise in tax rates.

The Russian Finance Ministry's latest tax advisory has confirmed a two-fold increase in gambling taxes as a result of the latest amendments to its May 2016 draft legislation, and among the taxes are hefty increases for the country's currently two online bet processing centres (TSUPIS) owned and operated by competing self-regulatory bookmaker associations.

Full Story: Russian Online Betting Transaction Hubs Included In New Tax Demands »

SOUTH KOREANS BUSTED IN THAILAND ON ONLINE GAMBLING CHARGES

23rd January, 2017 at 08:44:19
Four South Korean nationals arrested in luxury villa.

Thailand police report that over the weekend an illegal online gambling operation was shuttered following a police raid on a luxury villa in Chonburi, Pattaya.

Full Story: South Koreans Busted In Thailand On Online Gambling Charges »

TABCORP ONLINE GAMBLING SOFTWARE DEVELOPMENT REVEALED

23rd January, 2017 at 08:44:19
A$20 million project involved a technical team of 188.

Australian betting giant Tabcorp's SunBets venture into the UK market in partnership with News UK last year (see previous InfoiPowa reports) represents a powerful alliance in which Tabcorp delivered the technical and betting expertise, whilst News UK provided the influence of its massive readership and media assets...but the partnership was preceded by months of technical development as an in-house technical team of 188 put together a bespoke proprietary platform in a A$20 million ...

Full Story: Tabcorp Online Gambling Software Development Revealed »

PADDY POWER RELEASES POST-CLOSE TRADING UPDATE

23rd January, 2017 at 08:44:19
Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.

Ahead of its preliminary results on 7 March, on Monday Paddy Power Betfair plc published a post close trading update for the three month period ended 31 December 2016 (Q4 2016) and the year ended 31 December 2016 (FY2016).

Full Story: Paddy Power Releases Post-close Trading Update »