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Dickie_Drain
10-31-2006, 06:34 AM
Interesting..

They also interviewed the woman that claimed she lost £27k in six months.I was tempted to send the BBC the BBV link to give them something to talk about all day!

Dickie D

web page (http://news.bbc.co.uk/1/hi/uk_politics/6100012.stm)
Richas
10-31-2006, 07:48 AM
There is a live press conference on this (from Ascot) on BBC Radio 5 and BBC News 24 if anyone is interested - the BBC will have the radio feed on their website.

Loads of news on this today - full of people who have run up debts betting on Tin Henman and now blame the banks for giving them credit.
TrickyTree
10-31-2006, 09:16 AM
More importantly........"no plans to BAN internet gaming at all" just better regulation of the industry and help to attract firms to be based in the UK market.

As much as i hate Blair at least we are showing those fools in the US Congress just what is required to benefit all.
kevstreet
10-31-2006, 09:38 AM
[ QUOTE ]
As much as i hate Blair at least we are showing those fools in the US Congress just what is required to benefit all.

[/ QUOTE ]

Please keep your brag posts in BBV please!
Richas
10-31-2006, 10:16 AM
There have been a few snippets about what the rules will be (or are likely to be)for UK based Internet gambling in today's media. Some known before but some new.

No under 18s - proof of age required.
Statements of time spent gambling and total losses required.
Clock of time spent gambling required on screen.
Sites must have ability to limit deposits by day/week etc at user request (maybe mandatory for people to set their limits but not set by law)
UK sites will not be able to accept bets that are illegal in the jurisdiction they are placed in (US mainly - sorry guys)
Contribution required to problem gambling organisations (and research)
Must pay UK tax.
Servers must be based in UK (audit reasons).
Games must be fair (and audited).
They are talking up the benefits to the site of solid regulation to reassure customers but the biggest incentive to be regulated in the UK could be that regulation will allow advertising - no UK license - no adverts.

No mention but I would also expect segregated player deposits/accounts.

A couple of these may cause problems with the EU/WTO but I guess the conference could cover this by making it possible to be licensed in multiple jurisdictions.
Richas
10-31-2006, 10:18 AM
[ QUOTE ]
They also interviewed the woman that claimed she lost £27k in six months.I was tempted to send the BBC the BBV link to give them something to talk about all day!

[/ QUOTE ]

I haven't seen that link but she's down to losing it in 8 weeks now.
p-i
10-31-2006, 01:26 PM
[ QUOTE ]
Must pay UK tax.

[/ QUOTE ]

The sites, right? We're not talking about taxing winnings are we?
gonebroke
10-31-2006, 01:41 PM
[ QUOTE ]
There have been a few snippets about what the rules will be (or are likely to be)for UK based Internet gambling in today's media. Some known before but some new.

No under 18s - proof of age required.
Statements of time spent gambling and total losses required.
Clock of time spent gambling required on screen.
Sites must have ability to limit deposits by day/week etc at user request (maybe mandatory for people to set their limits but not set by law)
UK sites will not be able to accept bets that are illegal in the jurisdiction they are placed in (US mainly - sorry guys)
Contribution required to problem gambling organisations (and research)
Must pay UK tax.
Servers must be based in UK (audit reasons).
Games must be fair (and audited).
They are talking up the benefits to the site of solid regulation to reassure customers but the biggest incentive to be regulated in the UK could be that regulation will allow advertising - no UK license - no adverts.

No mention but I would also expect segregated player deposits/accounts.

A couple of these may cause problems with the EU/WTO but I guess the conference could cover this by making it possible to be licensed in multiple jurisdictions.

[/ QUOTE ]

PokerStars, FTP and all other sites that serve Americans do not meet the criteria listed above. I am telling you right now, the UK Govt is going to advise their citizens to play on sites they deem to be safe and regulated, i.e. Party, 888, Paradise and encourage them to stop playing at Stars, FTP, etc.
NoMeansYes_
10-31-2006, 02:22 PM
[ QUOTE ]
[ QUOTE ]
Must pay UK tax.

[/ QUOTE ]

The sites, right? We're not talking about taxing winnings are we?

[/ QUOTE ]


Hell no. The UK has been through this and has decided not to tax gambling winnings.
thekohser
10-31-2006, 02:49 PM
The radio program from "BBC News Hour" features this story.

http://www.bbc.co.uk/worldservice/programmes/newshour/

It will only be available on October 31st, and you go toward the bottom of the page, and click the "12:00 GMT" episode.

Note how Professor Peter Collins (Director of the Centre for the Study of Gambling at The University of Salford), although he is mostly in favor of regulation of compulsive betting, and says that "The American prohibition is very short-sighted"; he is also quoted as saying that regulation is difficult, but "we do it with child pornography, we do it with using the Internet to facilitate the funding of terrorism..."!

Is this what we've come to? Poker is the moral equivalent of destroying the innocence and psyche of a child, or blowing up shoppers at a produce stand?

The story begins at 45:38, out of the 60-minute program.
p-i
10-31-2006, 04:06 PM
Lighter note: Phil Ivey defeats terrorists like it's his job. (http://plusev.net/d/20061027.html)
Texibus
10-31-2006, 04:31 PM
wow very funny comic
vinyard
10-31-2006, 04:35 PM
[ QUOTE ]
wow very funny comic

[/ QUOTE ]
daveymck
10-31-2006, 05:00 PM
Tax Grab (http://news.bbc.co.uk/1/hi/uk_politics/6103478.stm)

Prob exlains things better, corp tax plus the extra income Tax and NI for the government part of the reason for it.

With the US pullout I am unsure if anyone will relocate to the UK.
Pupkin
11-01-2006, 03:31 AM
I want to move to the UK.
Richas
11-01-2006, 06:38 PM
[ QUOTE ]
Tax Grab (http://news.bbc.co.uk/1/hi/uk_politics/6103478.stm)

Prob exlains things better, corp tax plus the extra income Tax and NI for the government part of the reason for it.

With the US pullout I am unsure if anyone will relocate to the UK.

[/ QUOTE ]

I am pretty certain some will relocate to the UK (not those accepting US players). The link you give does help show how difficult this sort of international cooperation is as Antigua and Gibraltar know the UK want to steal their businesses, the UK seem to be playing for time over the WTO as they can't come to the UK until Sep 07. The driver will be that those not registered in the UK will not be allowed to advertise in the UK (plus the respectability of signing up to corporate taxes and tough regulation).

Having the EU and the offshore havens sign up to common rules will be a big step in undermining the US position. This and the WTO are the best outs available for changing the US prohibition stance.