Feeds

UK Gov woos online gambling firms

'We won't put you in prison'

Next gen security for virtualised datacentres

The government today began pimping Britannia out to online gambling firms. The Department for Culture Media and Sport is hosting a conference at Royal Ascot aimed at bagging a lovely slice of pork as the industry realises its days of Wild West tax dodging are behind it.

Or, if you believe Tessa Jowell, it's all about protecting the kids. The Secretary of State for Culture, Media and Sport said: "We will welcome them here because we believe that by allowing those who want to gamble to do so over the counter not under the counter is the best way to protect children and vulnerable people and keep out crime." Riiight.

The UK has 70 sporting betting sites, but currently no casino gaming operations are based here. Ministers are betting the UK's regulatory regime will now attract them with the promise of full legitimacy to calm twitchy shareholders. Until now, they've prefered tax havens like Gibraltar and the Caribbean Islands.

The industry is undergoing a massive reorganisation after the US decided to close a legal loophole which had allowed them to coin huge revenues from American punters playing casino games. The Safe Port Act was amended to make money transfers to or from online gambling outfits illegal. Stock exchange-listed firms quickly saw their share price plummet.

Prior to that, gambling execs were collared by the Feds as they passed through US airports.

Jowell recently sniped at the US for the ban. She said it harks back to the depression-era ban on booze.

She said today: "If companies do come to the UK it will be because 'regulated in the Great Britain' will mean a website is subject to the most stringent controls and social responsibility requirements anywhere in the world." ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Facebook, Google and Instagram 'worse than drugs' says Miley Cyrus
Italian boffins agree with popette's theory that haters are the real wrecking balls
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.