Feeds

UK Gov woos online gambling firms

'We won't put you in prison'

Internet Security Threat Report 2014

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." ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
You think the CLOUD's insecure? It's BETTER than UK.GOV's DATA CENTRES
We don't even know where some of them ARE – Maude
NSA mass spying reform KILLED by US Senators
Democrats needed just TWO more votes to keep alive bill reining in some surveillance
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Go beyond APM with real-time IT operations analytics
How IT operations teams can harness the wealth of wire data already flowing through their environment for real-time operational intelligence.
The total economic impact of Druva inSync
Examining the ROI enterprises may realize by implementing inSync, as they look to improve backup and recovery of endpoint data in a cost-effective manner.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.