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| E-Gaming Giant Applies For Jersey License |
by Jason Gorringe, Tax-News.com, London
Friday, February 03, 2012
The Jersey Gambling Commission has welcomed the application of Playtech, one of
the world's leading eGaming software and content specialists, for a Remote Gambling
licence.
The application is a significant step forward for the Island’s eGaming strategy
and follows months of talks between Jersey Enterprise, the Gambling Commission,
and Playtech. This included meetings with Playtech’s Chief Executive Mor Weizer
during a Jersey business delegation visit to Israel in May 2011.
Jersey's Economic Development Minister Alan Maclean said: “I see this licence
application from a market leader like Playtech as a stamp of approval for Jersey’s
new eGaming industry. It demonstrates how we can leverage Jersey’s long-standing
reputation for excellent regulation, infrastructure and world class professional
services by developing exciting new opportunities for our economy from the lucrative
global eGaming market.”
Weizer commented: "We are delighted to be seeking
an operating licence in Jersey. We met last year with the Jersey authorities
in Israel who convinced us of the merits of the new licencing regime and their
commitment to the sector. With many of our existing licencees having operations
in the Channel Islands it makes good sense for us to seek a licence in Jersey
to support our customers from a regulated jurisdiction with a first-class infrastructure."
The Jersey Gambling Commission will now work with Playtech to ensure that all
relevant compliance and due diligence provisions of the regulations are complied
with.
A comprehensive report in our Intelligence Report series
examining the new possibilities that offshore e-commerce open up for business,
and analysing the offshore jurisdictions that have led the way in offering professional
e-commerce regimes for international business, with a particular focus on e-gaming,
is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp
and a description of the report can be seen at
http://www.lowtaxlibrary.com/asp/description_report6.asp
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