Casino Operating Licence Uk
2021年4月18日Register here: http://gg.gg/p2zco
*Casino Operating Licence Uk Renewal
*Casino Operating Licence Uk Contact
Park Lane Casino’s Operator Faces Gambling Operating Licence Revocation as UKGC Regulatory Sanctions Thu 5 Nov 2020 6.04 Olivia Cole The UK Gambling Commission (UKGC) announced its decision to revoke the operating licence of the company that operates Park Lane Casino – Silverbond Enterprises Ltd. In addition, the licensing authority may grant a casinos premises licence to the operator. The premises license will authorise the provision of either Category A, B, C or D gaming machines, dependant on the size of the casino and the facilities available. There will be three types of new casinos, in addition to existing casinos operating prior.
The UK Gambling Commission (UKGC) announced its decision to revoke the operating licence of the company that operates Park Lane Casino – Silverbond Enterprises Ltd.
As the major gambling regulatory body of the UK shared, the decision was made because the watchdog is not satisfied with a recent change in corporate control at the gambling company, as it was concerned about the suitability of the new controller. According to the Commission, the latter has had an unsatisfactory history in providing information that the watchdog had required as part of its enquiries.
At the time when it updated its regulatory decisions register, the UKGC further noted that the gambling company failed to provide thorough and proper explanations along with enough evidence on time. Apart from that, the gambling industry’s watchdog was not satisfied with Silverbond’s source of funds that was used to acquire and back the company at the time of the aforementioned corporate control change.
The decision for the licence revocation was made under section 102(4)(b) of the Gambling Act 2005 after a hearing was held before the regulatory panel. The gambling operating licence of Silverbond Enterprises Ltd is to be revoked as of November 18th, 2020, with the action subject to appeal. UKGC Unhappy with Source of Funds Information Provided by the Gambling Company
The Executive Director of the UKGC, Helen Venn, explained that the regulatory body had revoked the operating license of Silverbond Enterprises Ltd because it was not satisfied as far as the source of funds used to “acquire and support” the licensee was concerned. This basically means that the Commission was unhappy with the one who would receive the future profits of the gambling operator.
As mentioned above, the UKGC was also concerned about the suitability of the newly-chosen controller because its history in providing the required information as part of the Commission’s enquiries was found unsatisfactory.
Ms Vann also reminded that the UK gambling regulatory body regulates the sector in the public interest and maintaining public confidence in the industry is one of its paramount priorities. This is exactly why the watchdog requires licensees to provide it with enough information about the ones who run or have a significant interest in gambling businesses.
Silverbond Enterprises Ltd is not the only company facing licence revocation as part of the regulatory decisions published by the UKGC so far in 2020. In March 2020, the regulator revoked the non-remote pool betting and ancillary pool betting licence held by Sportjumping Tote Limited after the company’s permit was reviewed under section 116 of the Gambling Act 2005. At the time, the UKGC found that the operating licence of the company was issued by the watchdog on August 28th, 2012 and the operator had failed to provide facilities for gambling in reliance on that licence.
In January 2020, the operator of Starbets Limited, William Grimes, also faced licence revocation in line with sections 117(1)(f), 119(1) and 120(1) of the Gambling Act 2005. The watchdog found that the licensee had not traded since 2007 and also did not provide enough evidence that the required facilities for gambling would be provided within a reasonable period.
*AuthorCasino Operating Licence Uk RenewalOlivia ColeOlivia Cole has worked as a journalist for several years now. Over the last couple of years she has been engaged in writing about a number of industries and has developed an interest for the gambling market in the UK. Casino Guardian covers the latest news and events in the casino industry. Here you can also find extensive guides for roulette, slots, blackjack, video poker, and all live casino games as well as reviews of the most trusted UK online casinos and their mobile casino apps. In order to legally provide gaming services associated with sports betting, lotto, poker and bingo, an online casino owner must obtain a license. Its absence challenges the successful work of an online platform, due to the fact that the operator is unable to open a bank account or even put any games on their site. That is because one has to make a contract with gambling software provider for that, which cannot be done without a license. Besides, a gambling license often comes with reduced tax rate and other benefits.
However, obtaining a license does not mean that any country will now welcome a new operator because the legal systems of some countries (almost all of the US states, Poland, France and others) forbid online casino games, in whole or in part. Moreover, local legal regulations may be inconsistent, and a country which had no issues with online casinos before may enact a law that blocks the activity of gambling sites on its soil. For example, until February 2017, Australia was being a favored place for online casinos of all stripes since the Australians were considered to gamble the most, spending about $8 billion a year according to a research made by Australasian Gaming Expo in 2018. This huge amount of money was going to foreign casinos bypassing the local budget. The new legal system, in particular Interactive Gambling Amendment Act 2017, prohibited the work of foreign casinos without a special Australian license, resulting in lots of gambling businesses leaving the country.
A gambling license enhances players’ trust and address concerns about slots “rigged” RTP (Return To Player) percent and non-payment of big winnings. The reason is that a licensed casino regularly has its random numbers generator audited, and a compliance certificate is given based on the results of the examination. Generally, gambling websites have licensing info in a footer, and experienced players at their first visit always scroll down to see the jurisdiction where the site was licensed.
Online casino owners face a difficult choice of a reliable jurisdiction, which provides licenses that are valid in many countries. As of today, the choice is not rich, and gambling business owners undergo licensing in one of the following countries and territories:Curacao
The advantages of this small Caribbean island are zero percent tax on casino profits, fast licensing process (usually about 1.5-2 months) and low ongoing expenses. A casino owner has to place computing power (servers) in the Curacao territory. Online gambling industry forms a great part of the island’s budget, which is why Curacao has such an appealing tax system.Kahnawake
Canada is famous for its very tolerant attitude towards gambling in terms of legislation. In 1996, Kahnawake Gaming Commission was created, which, among other things, provides licenses for online casinos. The first annual license fee is $40,000, software inspection costs $15,000 and annual license renewal fee is $10,000.Malta
Malta Gaming Authority provides two types of licenses (B2B and B2C) for a period of five years. Those operators who obtained a prestigious Maltese license are on the UK Gambling Commission’s ‘white list’, which allows them to offer their services to British players. The operators have to adhere to a number of requirements, such as filing financial statements, ensuring players’ personal data safety and creating a Responsible Gaming Policy.
The licensing procedure is conducted in several stages: the Authority considers an application—this takes 3-4 weeks—and then the casino obtains a temporary license for a period of six months. After that, based on the results of a thorough analysis, a five-year gambling license is given. In accordance with the new taxation rules, which came into effect on January 1, 2018, online casinos with “B2C – Type 1 Gaming Services” license (slots, board games, live games) pay annual taxes of 1.25% if their profit does not exceed €3.000.000, 1% for a profit of up to €4.500.000, 0.85% for a profit of up to €5.000.000, 0.70% for a profit of up to €7.500.000 and 0.55% for a profit of up to €10.000.000.Gibraltar
In order to get a Gibraltar license, online casino owners have to prove their financial solvency, provide a business plan and be ready to perform transactions (winnings payouts, players’ credit card data processing) exclusively through Gibraltar’s banks. License holders pay 1% of their annual profit, but no less than £85.000.
***Casino Operating Licence Uk Contact
Apart from the jurisdictions above, online casino owners can also obtain a license from the UK, Alderney, Macao, Belgium, Denmark, Isle of Man and some other countries. Getting a license will help a gambling operator to work in compliance with laws and regulations, attracting players by complete transparency, financial transactions safety and fairness of the gambling process. Licensing leads to players’ loyalty. A client of a licensed casino is always sure that every reels’ spin, every blackjack deal is always determined by random number generator system where there is no space for any fraud and software manipulation.
Register here: http://gg.gg/p2zco
https://diarynote.indered.space
*Casino Operating Licence Uk Renewal
*Casino Operating Licence Uk Contact
Park Lane Casino’s Operator Faces Gambling Operating Licence Revocation as UKGC Regulatory Sanctions Thu 5 Nov 2020 6.04 Olivia Cole The UK Gambling Commission (UKGC) announced its decision to revoke the operating licence of the company that operates Park Lane Casino – Silverbond Enterprises Ltd. In addition, the licensing authority may grant a casinos premises licence to the operator. The premises license will authorise the provision of either Category A, B, C or D gaming machines, dependant on the size of the casino and the facilities available. There will be three types of new casinos, in addition to existing casinos operating prior.
The UK Gambling Commission (UKGC) announced its decision to revoke the operating licence of the company that operates Park Lane Casino – Silverbond Enterprises Ltd.
As the major gambling regulatory body of the UK shared, the decision was made because the watchdog is not satisfied with a recent change in corporate control at the gambling company, as it was concerned about the suitability of the new controller. According to the Commission, the latter has had an unsatisfactory history in providing information that the watchdog had required as part of its enquiries.
At the time when it updated its regulatory decisions register, the UKGC further noted that the gambling company failed to provide thorough and proper explanations along with enough evidence on time. Apart from that, the gambling industry’s watchdog was not satisfied with Silverbond’s source of funds that was used to acquire and back the company at the time of the aforementioned corporate control change.
The decision for the licence revocation was made under section 102(4)(b) of the Gambling Act 2005 after a hearing was held before the regulatory panel. The gambling operating licence of Silverbond Enterprises Ltd is to be revoked as of November 18th, 2020, with the action subject to appeal. UKGC Unhappy with Source of Funds Information Provided by the Gambling Company
The Executive Director of the UKGC, Helen Venn, explained that the regulatory body had revoked the operating license of Silverbond Enterprises Ltd because it was not satisfied as far as the source of funds used to “acquire and support” the licensee was concerned. This basically means that the Commission was unhappy with the one who would receive the future profits of the gambling operator.
As mentioned above, the UKGC was also concerned about the suitability of the newly-chosen controller because its history in providing the required information as part of the Commission’s enquiries was found unsatisfactory.
Ms Vann also reminded that the UK gambling regulatory body regulates the sector in the public interest and maintaining public confidence in the industry is one of its paramount priorities. This is exactly why the watchdog requires licensees to provide it with enough information about the ones who run or have a significant interest in gambling businesses.
Silverbond Enterprises Ltd is not the only company facing licence revocation as part of the regulatory decisions published by the UKGC so far in 2020. In March 2020, the regulator revoked the non-remote pool betting and ancillary pool betting licence held by Sportjumping Tote Limited after the company’s permit was reviewed under section 116 of the Gambling Act 2005. At the time, the UKGC found that the operating licence of the company was issued by the watchdog on August 28th, 2012 and the operator had failed to provide facilities for gambling in reliance on that licence.
In January 2020, the operator of Starbets Limited, William Grimes, also faced licence revocation in line with sections 117(1)(f), 119(1) and 120(1) of the Gambling Act 2005. The watchdog found that the licensee had not traded since 2007 and also did not provide enough evidence that the required facilities for gambling would be provided within a reasonable period.
*AuthorCasino Operating Licence Uk RenewalOlivia ColeOlivia Cole has worked as a journalist for several years now. Over the last couple of years she has been engaged in writing about a number of industries and has developed an interest for the gambling market in the UK. Casino Guardian covers the latest news and events in the casino industry. Here you can also find extensive guides for roulette, slots, blackjack, video poker, and all live casino games as well as reviews of the most trusted UK online casinos and their mobile casino apps. In order to legally provide gaming services associated with sports betting, lotto, poker and bingo, an online casino owner must obtain a license. Its absence challenges the successful work of an online platform, due to the fact that the operator is unable to open a bank account or even put any games on their site. That is because one has to make a contract with gambling software provider for that, which cannot be done without a license. Besides, a gambling license often comes with reduced tax rate and other benefits.
However, obtaining a license does not mean that any country will now welcome a new operator because the legal systems of some countries (almost all of the US states, Poland, France and others) forbid online casino games, in whole or in part. Moreover, local legal regulations may be inconsistent, and a country which had no issues with online casinos before may enact a law that blocks the activity of gambling sites on its soil. For example, until February 2017, Australia was being a favored place for online casinos of all stripes since the Australians were considered to gamble the most, spending about $8 billion a year according to a research made by Australasian Gaming Expo in 2018. This huge amount of money was going to foreign casinos bypassing the local budget. The new legal system, in particular Interactive Gambling Amendment Act 2017, prohibited the work of foreign casinos without a special Australian license, resulting in lots of gambling businesses leaving the country.
A gambling license enhances players’ trust and address concerns about slots “rigged” RTP (Return To Player) percent and non-payment of big winnings. The reason is that a licensed casino regularly has its random numbers generator audited, and a compliance certificate is given based on the results of the examination. Generally, gambling websites have licensing info in a footer, and experienced players at their first visit always scroll down to see the jurisdiction where the site was licensed.
Online casino owners face a difficult choice of a reliable jurisdiction, which provides licenses that are valid in many countries. As of today, the choice is not rich, and gambling business owners undergo licensing in one of the following countries and territories:Curacao
The advantages of this small Caribbean island are zero percent tax on casino profits, fast licensing process (usually about 1.5-2 months) and low ongoing expenses. A casino owner has to place computing power (servers) in the Curacao territory. Online gambling industry forms a great part of the island’s budget, which is why Curacao has such an appealing tax system.Kahnawake
Canada is famous for its very tolerant attitude towards gambling in terms of legislation. In 1996, Kahnawake Gaming Commission was created, which, among other things, provides licenses for online casinos. The first annual license fee is $40,000, software inspection costs $15,000 and annual license renewal fee is $10,000.Malta
Malta Gaming Authority provides two types of licenses (B2B and B2C) for a period of five years. Those operators who obtained a prestigious Maltese license are on the UK Gambling Commission’s ‘white list’, which allows them to offer their services to British players. The operators have to adhere to a number of requirements, such as filing financial statements, ensuring players’ personal data safety and creating a Responsible Gaming Policy.
The licensing procedure is conducted in several stages: the Authority considers an application—this takes 3-4 weeks—and then the casino obtains a temporary license for a period of six months. After that, based on the results of a thorough analysis, a five-year gambling license is given. In accordance with the new taxation rules, which came into effect on January 1, 2018, online casinos with “B2C – Type 1 Gaming Services” license (slots, board games, live games) pay annual taxes of 1.25% if their profit does not exceed €3.000.000, 1% for a profit of up to €4.500.000, 0.85% for a profit of up to €5.000.000, 0.70% for a profit of up to €7.500.000 and 0.55% for a profit of up to €10.000.000.Gibraltar
In order to get a Gibraltar license, online casino owners have to prove their financial solvency, provide a business plan and be ready to perform transactions (winnings payouts, players’ credit card data processing) exclusively through Gibraltar’s banks. License holders pay 1% of their annual profit, but no less than £85.000.
***Casino Operating Licence Uk Contact
Apart from the jurisdictions above, online casino owners can also obtain a license from the UK, Alderney, Macao, Belgium, Denmark, Isle of Man and some other countries. Getting a license will help a gambling operator to work in compliance with laws and regulations, attracting players by complete transparency, financial transactions safety and fairness of the gambling process. Licensing leads to players’ loyalty. A client of a licensed casino is always sure that every reels’ spin, every blackjack deal is always determined by random number generator system where there is no space for any fraud and software manipulation.
Register here: http://gg.gg/p2zco
https://diarynote.indered.space
コメント