Norway On Track for Regulated Online Gambling

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

Norway’s aspiration to legalize on the web gambling has moved one action closer: the country’s society Committee has requested an effect evaluation on dramatic regulation proposals that could completely open up industry. The committee will closely examine the experiences of other nations, such as for example Sweden, Denmark plus the UK, before drafting its own legislation that the federal government hopes to implement the following year.

Norway presently has some of the tightest gambling controls in European countries. Online gambling is essentially unlawful in the country, with only two companies that are state-owned to offer limited games of chance to its citizens, Norsk Tipping and Norsk Rikstoto. Norsk Tipping provides games like lotteries, keno and some sports betting, and falls under the jurisdiction of the Ministry of Culture and Church affairs, which ensures that players are merely allowed to place bets at certain times of the time and imposes restrictions on the amount players are allowed to bet. Norsk Riksoto, meanwhile, offers parimutuel wagering exclusively for horseracing.

Nothing to Bank On

In 2010, the government passed a law that banned Norwegian banks from processing all kinds of gambling transactions, online and live, maybe not simply within Norway, but all over the world, essentially barring Norwegians from utilizing their credit cards to gamble in overseas jurisdictions, also where such practices are appropriate. Which means that, currently, Norwegian visitors to Las vegas, nevada, as an example, may find it difficult to pay their hotel bills because the accommodations offer gambling.

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

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 manage and willingness to throw its borders open to licensed international online gambling sites, then, is a major overhaul and, whilst the exact nature of this legislation is yet become drafted, it also is apparently an admission that prohibition is not working. Definitely, there has become a thawing of attitudes within the government, specially towards poker.

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

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

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

Ultimate Gaming Severs New Jersey On The Web Ties

Ultimate Gaming has accused the Trump Taj Mahal of ‘multiple breaches’ that led towards the end of their partnership; the online operator shut down its NJ operations on the 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) and the Caesars/888 partnership. Now, with their land-based partner Trump Taj Mahal more likely to close later this year, Ultimate became the first online gaming company to bow out from the New Jersey market.

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

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

Ultimate and Trump Had relationship that is tenuous

Trump Entertainment Resorts, which can be the moms and dad business that runs the Taj Mahal, hasn’t commented on the Ultimate shutdown. Nevertheless, the closure regarding the Ultimate web sites comes after a tumultuous relationship between the online gambling company therefore the Atlantic City casino.

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

That left the business in a tough spot, which especially revealed up in its poker numbers. Ultimate Poker never ever found success that is much brand New Jersey, with the poker room ranking at or nearby the bottom of web sites in the state, in terms of both revenue and traffic throughout its existence. The business’s casino product (UCasino) fared better, getting over $4.4 million in revenue through August this present year. 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 addresses that are registered.

‘we have been working closely with the Division of Gaming Enforcement to make sure a smooth transition for 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, also it’s likely that Ultimate Gaming will be concerned in those proceedings going forward. Fertitta Acquisition, company associated with Ultimate Gaming owner Station Casinos, is listed as a creditor owed nearly $1.5 million through the casino.

The news headlines will not affect Ultimate’s operations in Nevada, where they operate Ultimate Poker. That site currently ranks second when it comes to traffic in the Nevada on-line poker market, and Breitling says more improvements are visiting their computer software package there.

Ultimate is not the company that is only New Jersey that may be impacted by troubles at Atlantic City casinos. Betfair was formerly partnered with Trump Plaza, which shut its doors earlier this month. While the Department of Gaming Enforcement has temporarily allowed Betfair to operate with no brick-and-mortar partner, it appears unlikely that such an arrangement is allowed to carry on indefinitely.

EU Match-Fixing Treaty Garners 15 Nation Support

Fifteen European nations have agreed to sign a treaty that is aimed at fighting the problem that is all-too-common of. (Image:

A EU that is new match-fixing to be signed by 15 European nations will address a significant sports issue which includes continued to plague league after league across the globe. Match-fixing is a scourge that hurts fans, sports tournaments, and truthful gamblers and bookmakers alike.

That’s why fighting match-fixers is becoming this type of button that is hot in the wide world of sports in the last 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 prevent and discipline match-fixing around the globe. Last Thursday at the Conference of European Ministers of Sport in Switzerland, the nations finalized the Convention on the Manipulation of Sports Competitions, pledging to simply help promote integrity in sports within their countries.

EU Nations Sign Convention

The signatories include several major European nations. The nations contained in the convention had been Armenia, Azerbaijan, Bulgaria, Denmark, Finland, Georgia, Germany, Greece, Lithuania, Montenegro, the Netherlands, Norway, the Russian Federation, Serbia and Switzerland.

These countries have agreed to increase the flow of information and improve cooperation between national and international bodies, including sports books, leagues and competitions, and governments by signing the convention. Activities regulators that are betting operators will likely be anticipated to take more steps to combat fraud, while governments are asked to use legislation along with other measures to protect the integrity of matches.

‘This convention is a major step forward for integrity, ethics and transparency in sport,’ said Thorborn Jagland, the Council of European countries’s Secretary General.

The European Commission called the 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 degree is essential if we are to combat this scourge,’ said Androulla Vassiliou, the European Commissioner for sport.

Sports Betting Groups Approve Treaty, With Reservations

Reaction from sports betting businesses was also largely good. Groups including the European Gaming & Betting Association (EGBA) and the Remote Gambling Association (RGA) arrived in support associated with convention, even should they may have had some reservations.

‘It is our hope that [the convention] will further set the tone for the more effective cooperation between all stakeholders to eliminate match repairing,’ said EGBA secretary general Maarten Haijer. ‘However, we are award that the CJEU [the Court of Justice of europe) has rightly quick hits slot machine been asked to provide its opinion on the compatibility associated with the definition of ‘illegal activities betting’ with EU law, and consider that the application of at least this provision must certanly be postponed before the CJEU has provided appropriate clarity.’

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

‘The regulated sector that is betting hard to explain why measures with this type would not make any material difference to the integrity of sport,’ Hawkswood stated. ‘What we have now is a relatively balanced and framework that is workable which rightly seeks to reflect the array of existing national regulatory frameworks rather than replace them.’

The convention was set to come right into impact three months after it received at the least five signatories, at minimum three of which were EU Member States. The convention will start on January 1, 2015 since that threshold was reached on Thursday. Other nations can be a part still associated with the meeting; while the treaty was created to fight against corruption worldwide, nations do not have to be in Europe to sign on.