Slovakia Submits New Gambling Law for European Commission’s Review
This week a new legislation was drafted by Slovakia which deals with the major reforms for the local gambling industry. The legislation is now ready for the European Commission’s review.
This piece of law aims to provide a liberal atmosphere for offshore gambling companies to run their business in Slovakia under the prescribed rules and regulations. Under this new law, the existing monopoly related with online lottery, raffle and bingo will still remain with Slovakia’s national operator TIPOS.
On the other hand the offshore operators are allowed to apply for licenses in order to provide casino games and poker. All the new licensees are required to pay a tax of 23 percent on their gross earnings. This legislation is currently in “stand still period” of three months and if there are no comments made by EC then it will come into force after October 26, 2018.
Swiss Gambling Ban Gets Support From All Age Groups
A recently published study by VOTO clearly indicates that there was no substantial difference between the voters of the different age groups when they had decided to vote for banning gambling services provided by offshore operators.
Switzerland had held a referendum in the last month to take a decision related to prohibition of online gaming services provided by unauthorised overseas operators. These companies had used the lacunas in the prevailing Swiss gambling laws for several years to run their business targeting the local population.
In the last fall season, the Federal Council of Switzerland had approved a new gambling act under the title of “Swiss Money Gaming Act”. This act will allow only the local land based casino operators to provide their services, both offline and online, while the unauthorised offshore companies will be banned.
Once this act comes into effect in year 2019, the services provided by such Illegal operators will be blocked by local internet service providers.
West Virginia’s Lottery Officials Believe Sports Betting Still On Course for September NFL Season
As per the lottery officials of West Virginia USA, the casinos and racetracks are currently reviewing the internal control documents provided by the State Lottery Commission. This exercise is part of the process to pave out a path for smooth functioning of sports betting during this fall season.
In order to accomplish this feat, The State Lottery Commission had chaired a meeting during the previous week to get an update on the current situation related with betting operations for the coming month. It is expected that the internal control documents will be reviewed and sent back to the commission in the first week of August 2018. This whole procedure is required because of ruling made by U.S.
Supreme Court in May, 2018 which declared sports betting to be legal. This observation by Supreme Court acted as the booster dose required by the West Virginia Legislature for their sports gaming law passed earlier in the year. Though emergency rules for sports betting were passed on June 21 but state Secretary did not approved them till July 9, 2018.
Regardless of this unwanted delay, lottery officials still expect that sports gaming will be up and running for the NFL season in September. Sports betting services will be offered at The Greenbrier along with the other four racetracks and casino complexes in West Virginia.
UK Gambling Commission Takes Tough Stand With New Advertisement Rules
The United Kingdom Gambling Commission has updated and published new set of regulations for advertisement by gambling sites. By opting for such regulations, commission has pledged to take “Tougher Action” against the gaming companies that do not follow specified rules and regulation related to advertisement in United Kingdom.
This set of new rules has been devised after an open consultation in order to “provide stronger protection for the consumer and ensure that they are treated fairly by gambling businesses”.
These regulations will come into effect from November, 2018 and will allow the Gambling Commission to impose fines and penalties on the wilful defaulters. Under these rules, the gambling companies will be liable to face action even for advertising failings by their affiliates. Commission can also punish gaming operators for sending “Spam” emails or texts to their targeted audience.
Apart from dealing with unfair and misleading practices, the new rules will also help in improving complaint processes by the gaming operators. There is a deadline of eight weeks’ time period to resolve such problems.