The organisation, which represents Gibraltar-based online gambling operators, instructed law firm Olswang to contact Secretary for Culture, Media and Sport, Sajid Javid, attorney general Dominic Grieve and the united kingdom Gambling Commission with a purpose to spell out its concerns over the Act.
Under the brand new Act, which was given Royal Assent by the British monarchy last month, all remote gambling operators within the UK market are required to acquire a licence from the Gambling Commission so they can transact with British customers and advertise within the UK.
Overseas operators also are required to tell the Gambling Commission about suspicious betting patterns to assist combat criminal activity and corruption in sports betting.
In addition, operators based outside of the united kingdom could be required to pay and contribute to research, education and treatment on the subject of British problem gambling and regulatory costs.
The GBGA has argued that the brand new law makes no sense and can open up the united kingdom market to operators based anywhere on this planet – a few of whom won't obtain a licence.
The Gibraltar organisation also said that the brand new regime would effectively require the Gambling Commission to police the web gambling sector on a global basis.
FULL STORY
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