When the UK Gambling Commission restructured their laws in regards to online gambling, many operators chose not to pursue licensure. The NetBet Group, which operates NetBet Poker, NetBet Casino and NetBet Sports, was one such company. But after realizing just how important the UK market is to their bottom line, the internet gambling operator decided to alter their business strategy.
As of today, NetBet Poker, Casino and Sports websites are fully licensed to operate in the UK. Like many other online gambling operators, the NetBet Group quickly found that losing liquidity from that region of the world was more detrimental than first realized. Thanks to the UK’s decision, NetBet can now relaunch their iGaming operations in the area under the requisite .co.uk domain suffixes.
OnlinePokerRealMoney.co.uk tries to dispel some legal confusions stemming from passage of George Bush's UIGEA of 2006 . Federal status seems to depend on interpretation of the wire act and other laws which were crafted many years ago and which remained high level in nature. The United Kingdom has much clearer laws including their own real money gambling commission .
The recently invoked amendments to UK gaming regulations required operators to follow a long list of strict policies. Among them, they would have to acquire a license to operate in the UK, pay a 15% point of consumption (POC) tax on all revenue generated from UK customers, and (if applicable) discontinue operations in any territory where online gambling is illegal.
The extent of those rules were initially deemed harsh by many iGaming companies, including NetBet Poker, Casino and Sports. Only a few of the region’s major operators were fast to act when altering their services to comply with the new guidelines and submitting an application for licensure. But when compared to the alternative – losing access to the millions of online gamblers who reside in the UK – the NetBet Group essentially came to their senses.
By receiving a license to operate once more in the UK, NetBet Group has solidified its position as a leading provider of online gambling services all throughout Europe. NetBet Poker joins the ranks of elite competitors like PokerStars, 888Poker, Full Tilt, PartyPoker and Unibet as the largest internet poker networks available in the region.
Why Licensed Regulation is so Important
Like any online commerce, the only way a business can assure its customers that its safe to do business on their websites is to abide by the regulatory guidelines of the region in which they operate. If NetBet Poker, for instance, were not licensed, online poker players would have no way of knowing whether their deposits are secure, or if their withdrawal requests will actually be honored.
In turn, the issuer of a license – in this case, the UK Gambling Commission – is responsible for ensuring that all regulations are followed by the operator. And if there is ever a problem, the player has somewhere to turn to in order to file a complaint. It’s all about consumer protection and reassurance that an operator will follow the rules of best business practices.
About NetBet Poker, Casino and Sports
The NetBet Group was first established in 2001 by Cosmo Gaming Company Ltd. They launched NetBet Poker, NetBet Casino and NetBet Sports throughout Europe from their head office in Malta, and later received a license from the Maltese Lotteries and Gaming Authority in 2006.
Over the years, NetBet Poker, Casino and Sports have attracted a large clientele by delivering a lot of the key qualities European customers look for in an iGaming experience. The websites are available in multiple languages, and powered by an eclectic mix of leading software. Thus casino goers are able to experience a unique collection of games that includes hundreds of titles. Sports bettors have access to a wide range of betting opportunities, and members of NetBet Poker can join in cash games and tournaments on PlayTech’s immensely popular iPoker network.