Global Online Gambling News... and a Fly: APCW Perspectives for 17 July, 2015

[Integrity]

Industry news from America where an online gambling "memorandum" may be in the works.
Out of the United Kingdom comes a legal update on the Point of Consumption Tax.
Also, web gaming news from Germany, Portugal, 888 and 666Bet... plus a fly!
Now that's a full show!

WATCH ON YOUTUBE

SEO Tactics: http://sujanpatel.com/seo/2015-seo-tactics/
US Federal Moratorium: http://www.usafriendlypokersites.com...-online-poker/
Germany and the EC: http://calvinayre.com/2015/07/13/bus...g-legislation/
UK POC Tax: http://www.igamingbusiness.com/news/...-regime-europe
666Bet to Exit UK: http://www.igamingbusiness.com/news/...tro-play-wound
666Bet Liquidators: http://www.totallygaming.com/news/be...ebts-end-month
888 and Bwin.Party: http://www.cityam.com/219971/888-pla...ttle-bwinparty

[TheGooner]

Thanks for the show - informative as usual, and very freaky fly sound effect if you were listening through headphones


My thoughts on some of the items ...

1/ German Legislation.
The German response could be as simple as Australia's - they do not wish to allow short term duration betting events (casino and poker) - as short duration bet/reward cycle was considered more likely to result in compulsive behaviour.

It seemed reasonable when Australia announced it.

2/ Gibraltar's challenge to POCT
The UK's POCT taxes with local registration and payment required does seem a reasonable legislative model, with the potential to provide better control of the groups providing gambling services. Certainly many of the low-rent clip joints have been flushed out of the UK market.

Gibraltar's challenge is pretty self-serving and doesn't seem anything more than an attempt to retain their tax-base of gambling companies being based there - as they are likely to leave if there is no tax advantage. I do not see it as a good thing.

3/ 666Bet Liquidation.
Affiliates will be considered unsecured trade creditors like all the other companies that worked with 666Bet.

Usually in a liquidation If there is a shortfall of fund then the secured creditors (liquidator fees, players accounts? , Government tax debts?) get paid first and if there is anything left then unsecured creditors get paid out a pro-rata portion according to the total debt.

When companies go into liquidation / receivership ... there usually is not enough to pay all debts (especially after liquidators take their fees out)

[mojo]

Thanks J. I hadn't heard about the 'memorandum'. Sounds like RAWA - only different.

As for that buzzing noise, I thought it was my mind overloading trying to make sense of all these new and changing legalities.

[Integrity]

LOL Mojo

It was an actual fly.... jackass fly... didn't know he had buzz bombed me until I was editing the show.

Gooner...

Thanks for the detailed analysis, sir. If you have a camera and are not afraid to make a fun of yourself then perhaps you can take over for me someday! (P.S. : You will also need a thick skin).

[ocreditor]

Thanks for this great edition JT !

[Miles_FTA]

Always Informative Thanks