It is very easy to be misled about the impact of taxation in the gambling industries or to misunderstand the impact of taxation in the gambling industries. It is equally easy for test-at-all-cost approach to regulation to stand in the way of gambling technology.
Gaming Laboratories International re-certifying systems - that's a lucrative business. Imagine if we had to recertify the code on our laptops with every update. There are of course more efficient and effective means to ensure integrity (and revenue) - but I am sure Government's *independent* consultants will have described these.
With appropriate and integrated gambling and AML/CFT regulation for Webshops the government and its regulatory agencies could have provided a better defensive position. However, we are told that when seeking consultants it went to the **USA (where Webshop type gambling is illegal)**, **South Africa (where Webshop type gambling is illegal)**, and the **UK** which has had many problems and amendments since legalising Webshop type gambling in that country and **no experience in dealing with internet gambling and AML/CFT and banks in non-G20 countries**.
It is not good enough to get consultants able to cut & paste laws without understanding specific needs. When sweetheart deals are done with sweetheart consultants then the outcome cannot be what's needed for the country and its industry.
Why not computerise the "numbers" and make the results look like a "slot machine" then The Bahamas can have **"fixed odds betting terminals"** in webshops just like the **UK** expert was unable to restrict there. Of course **South Africa** and the **USA** experts have no webshops.
aldo says...
http://www.aml-associates.co.uk/news/20…
The effects of taxation on the gambling industry can be easily misunderstood as can the impacts of technology.
On Gaming industry now at ‘standstill’
Posted 26 July 2018, 12:27 a.m. Suggest removal
aldo says...
It is very easy to be misled about the impact of taxation in the gambling industries or to misunderstand the impact of taxation in the gambling industries. It is equally easy for test-at-all-cost approach to regulation to stand in the way of gambling technology.
http://www.aml-associates.co.uk/news/20…
On Gaming industry now at ‘standstill’
Posted 26 July 2018, 12:25 a.m. Suggest removal
aldo says...
Gaming Laboratories International re-certifying systems - that's a lucrative business. Imagine if we had to recertify the code on our laptops with every update. There are of course more efficient and effective means to ensure integrity (and revenue) - but I am sure Government's *independent* consultants will have described these.
On Tech issues stall new betting tax
Posted 24 July 2018, 2:01 a.m. Suggest removal
aldo says...
With appropriate and integrated gambling and AML/CFT regulation for Webshops the government and its regulatory agencies could have provided a better defensive position. However, we are told that when seeking consultants it went to the **USA (where Webshop type gambling is illegal)**, **South Africa (where Webshop type gambling is illegal)**, and the **UK** which has had many problems and amendments since legalising Webshop type gambling in that country and **no experience in dealing with internet gambling and AML/CFT and banks in non-G20 countries**.
It is not good enough to get consultants able to cut & paste laws without understanding specific needs. When sweetheart deals are done with sweetheart consultants then the outcome cannot be what's needed for the country and its industry.
On Bank: Correspondent pull back vindicates web shop refusal
Posted 28 April 2016, 6:42 p.m. Suggest removal
aldo says...
Why not computerise the "numbers" and make the results look like a "slot machine" then The Bahamas can have **"fixed odds betting terminals"** in webshops just like the **UK** expert was unable to restrict there. Of course **South Africa** and the **USA** experts have no webshops.
On Gaming Board: Island Luck game not a national lottery
Posted 9 April 2016, 8:04 p.m. Suggest removal
aldo says...
Really interesting. **Government consultants from USA, South Africa, and UK** let's look at that.
**UK** is where loopholes allowed "fixed odds betting terminals" into High Street betting shops and created wide spread problem gambling.
**South Africa** where Webshop type gambling is illegal and no expertise exists.
**USA** where Webshop type gambling is illegal and no expertise exists.
Wow, what **expertise** was used in the process?
On Island Luck three-ball game is ‘not a lottery’ says Wilchcombe
Posted 8 April 2016, 6:18 p.m. Suggest removal