So the aim of the proposal is to make offshore gambling sites more accountable to UK gambling regulators if they want to advertise in the UK / target UK players / take money from UK taxpayers. On the face of it that's a good thing for UK gamblers if it means that offshore books can't just do as they please and withhold money from players on a whim or based on arbitrary accusations / non-binding T&C which they know won't or can't be challenged.
Originally Posted by jon2322
However on the other hand if that increased regulation means that offshore books aren't allowed to accept UK players unless they adhere to the UK based regulation then it's a bad thing and might see offshore books closing their doors to UK players.
Certainly be interesting to see how the overhaul develops and hopefully isn't too stringent in terms of offshore books closing their dorrs to UK based customers.
The U.K. government Thursday proposed plans to regulate online gambling in the country, forcing companies that hold licenses elsewhere to apply for a U.K. license as well.
The proposals are designed to level the playing field between companies that still operate from the U.K. and those that operate outside of it, spreading the cost of regulation, or of research, education and treatment of problem gambling.
John Penrose, the minister for tourism and heritage, said companies that already hold a gambling license from an approved country--including the European Economic Area and most of the popular tax-light gambling havens like Gibraltar, Guernsey and Aldernay--will be entitled to an automatic transitional license to prevent them having to cease trading and a "light-touch" approach to avoid duplicating regulation.
-By Kathy Gordon, Dow Jones Newswires; 44-207-842-9293; email@example.com
Have a plan and stick to it
At least it resolves the underage gambling epidimic in the UK, caused of course by the advertising of irresponsible operators who thrive in the warmer climates and relative safety of Malta, Costa Rica and whatwhereforth.
The added revenues a bonus too
More bad news:
Originally Posted by Rollops
Originally Posted by dark_knight
How are they going to implement this?? Are we going to get China-style blocking of websites? Surely not. The UK Government can't even f**ing protect people from having their voicemails hacked, how will they prevent people from using the websites they want to use?
Originally Posted by Andy
What will be the cost to supervise / enforce this? Who is going to pay for it?
Somehow I think they (who devised that scheme) have slightly [or completely, actually...] lost the plot.
The costs implementing/controlling this must be massive, and eliminate most, if not all, the expected benefits. You'd have thought they have one or two other important issues to sort out these days.
Bet Jamaica is no more. Americans moved over to Heritage Sports and everyone else to The Greek. (source SBR)
Thegreek is no longer available for US people, my balance was moved over to heritage sports, they at least gave my balance a nice bonus when moving it over. And they said it had no rollover. But only a free play. I always loved heritage sports, but dont know how their baseball lines are, only used them for football and some basketball.
Poker Pro, Prop betting master, Pet monkey owner, and Howard Stern super Fan.
Heritage Sportsbook Letter to new BetJamaica and TheGreek Players
7/24/2011 10:16:39 AM (source: SBR Newswires)
US player balances were moved from BetJamaica and TheGreek yesterday morning. Heritage Sports management has offered reassurances to these players and asked SBR to share this letter with readers.
To Our New Clients from The Greek and Bet Jamaica, We hope the transition has gone well for you. I know we had a hiccup or two, but if you have any issues whatsoever please contact us. We are here to make sure you are comfortable.
This was not a “slam-dunk” decision on our part. As you know we have an existing client base that we are very protective over but The Greek was very persuasive in wanting to find a good home for you all and so we gave his companies all of our invitations this year.
The Greek picked us for a reason. We offer reduced juice (-108) over the Internet on straight games and totals, over 2,000,000 per year in FREE weekly and special event contests, a 30% Progressive Re-load Bonus with your 6th consecutive deposit in a row for free, special perks like “Get Out of Your Bet at ½ Time for Free” on selected games once a month and a slew of other benefits. Plus you will receive the VIP treatment and financial security Heritage has become famous for. We will be dealing the full slate of offerings you received at The Greek but it may take us a week or two before we are as proficient as he was at putting these up.
If you are a “sharp” or “winning” player you will not be shown the door. To begin with limits may be adjusted appropriately and while we may never be as good as The Greek in meeting your needs we will sure try our best over this football season.
If we still haven’t convinced you, we will process your withdrawal upon your request for FREE. While we don’t have them yet we will arrange for book to book transfers with Bookmaker and 5 Dimes on Monday and of course you can always receive a check via special courier.
We do hope you all decide to stay at Heritage. We will bust our butts to make you glad you did.
Below are a few questions asked by SBR readers that Heritage has answered.
7/24/2011 10:16:39 AM (source: SBR Newswires)
Q: Does this mean Heritage is open to the public?
A: No. Heritage is still Invitation Only. The Greek negotiated to take all our invitations for the year for his book and Bet Jamaica.
Q: Are you going to have all the lines that The Greek had?
A: Yes. That is our goal. Previously we did not deal as many events as the Greek but now that we have invited the Greek players to play here we are expanding our offerings.
Q: Will you cut off winning players?
A: No we will not. Limits may be reasonably adjusted but we will do our best to accommodate every one of the Greek and Bet Jam’s players. Our customer base just got a lot bigger and with that we have a lot more flexibility.
Q: Can I get paid in a timely manner if I do not want to play at Heritage?
A: Absolutely – but if you close your account you lose your invitation and will miss out on the wide range of perks you get as a client of Heritage like FREE weekly and special event contests totaling over $2 million annually, “get out of your bet for Free at ½ time”, reduced juice over the net etc.
Q: What kind of bonus do I get if I decide to send in?
A: Our 30% Progressive Bonus with your 6th consecutive deposit for free during football.
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