Casinos.co.uk: Casino News Archive
Wednesday 26th May 2004
Alderney participates in the iGaming Jurisdiction Showcase
Alderney’s case will be presented jointly by Andre Wilsenach, CEO of the Alderney Gambling Control Commission, Robin Le Prevost, Business Development Manager at Cable and Wireless and Michael Harrisson, a lawyer at Carey Olsen and the Resident Nominee of Ritz Interactive.
The participation of Alderney in the iGaming Jurisdiction Showcase is quite significant considering that it coincides with the publication of the Alderney Gambling Control Commission’s annual report for 2003. From the report it is evident that Alderney is now recognized as the pre-eminent jurisdiction worldwide for interactive gambling companies wishing to operate within a fully regulated environment.
At the end of 2003, the Alderney Gambling Control Commission had issued 10 licences to well known brands both in the UK and US, and include names such as Sky, Ritz, Rank, Harrah’s, Venetian, WagerWorks, CryptoLogic and Paddy Power. Since the beginning of this year, the Commission has issued a further licence to Blue Square and will this month consider the application for the Virgin online casino. It is expected that by the end of June, a total of nine Alderney licensees will be fully operational.
Alderney has positioned itself to offer a regulatory environment that is likely to attract operators who seek a comprehensive and tightly controlled regime. These are for the most part the major gambling operators who have brands that they wish to protect. In the longer term, it is these substantial and high quality companies that are likely to dominate the world wide internet gambling business. They are also the companies likely to conduct their businesses in a way that is consistent with the standing of Alderney and Guernsey as financial centres.
In addition, Alderney offers state of the art telecommunication infrastructure and hosting facilities. The island also compare very favourably with other online gambling jurisdictions in respect of fiscal benefits, including low corporate taxes, no VAT and no gaming taxes. Most important, Alderney is recognised by the major gambling jurisdictions in the rest of the world, including the UK, Europe and the US.
To hear all about Alderney’s presentation at the iGaming Jurisdiction call +44 (0) 207 828 2244 or email events@lyceummedia.com to register.
Source:OnlineCasinoNews
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