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Online Gambling Law: Why Is Online Gambling Regulation Important?

There is no one gambling regulation for Europe; there are European countries with permitted online gambling, as for example Denmark, Malta, Estonia, Bulgaria. There are also countries, where gambling is permitted, by monopolised by state-owned companies, and it is a Finnish legal model.

There are also usually many differences in regulation of different online-casino plays – for example, the country may accept poker, roulette, slots, any types of betting, but be very strict regarding legislation of lotteries, so as Spain does. All Spain lotteries are provided only by the local Spain operators. The online gambling law in the United Kingdom also has its distinctive features – under the Gambling Act of 2014, all operators providing gambling services to people from the United Kingdom must be licensed by the local Gambling Commission.

So, many countries all over the world do have their own licenses. You also may live in London, but play in an online casino, which is registered and licensed in another country. But why is it so important for a country to have its own gambling law?

Online Casino Licenses: An Overview

As fraudulent and criminal activities became more frequent as a large number of online gambling websites started to emerge, there was an urgent need for legal measures to be established. To obtain an online gambling license from a certain country, the online casino must pay a lot of money and fulfill many prescriptions.

The most popular European organisations, which give online casino licenses, are the Curacao Gaming Commission, the Government of Gibraltar, and the Lotteries and Gaming Authority in Malta. For example, an online gambling provider Playamo with its different online slots, has a licence of the Curacao Gaming commission. N.V., einem nach den.

How To Obtain An Online Gambling License From The Curacao Gaming Commission And The Government Of Gibraltar?

To understand the process of obtaining a license better, let’s take a look at the concrete procedure. For example, you want to establish an online casino and obtain a gambling license from Curacao. To do it, you will first need to establish a local limited liability company according to all the local legal measures. So, your company must be registered in Curacao and in the local chamber of commerce.

To register your online casino in the chamber of commerce you will need to provide domain ownership, provide a technical audit of each gaming system including software, so as to think about certification of your software. And the whole procedure will approximately last 3 months and cost you more than 14000 Euro. Anyway, the costs may vary depending on the type of gambling, your software, etc.

If you would like to obtain a license from Gibraltar, then you will also need to think about registering your online casino in Gibraltar, providing business, and investment plans to the Government, inspecting your software, etc. You will also need to have open bank accounts in Gibraltar and pay more than 35000 Euros (30000 pounds) for obtaining a license.

Regulated Vs. Unregulated Online Gambling

But why is it so important to regulate online gambling? Unregulated online gambling leads to what no one wants: anyone can run an online casino without worrying about standards and rules or being licensed. Unlicensed casinos are prohibited to provide games, and it can even be very dangerous to play in them. So, we will recommend you decide on the casinos, which are officially licensed.

Now, when you know how to make your gaming more secure – if you want to try an online casino, this is the right time.

White & Case Advises On Nordnet IPO

White & Case is an international law firm based in New York City. Founded in 1901, the firm has 45 offices in 31 countries worldwide. White & Case is one of the top ten law firms worldwide in terms of revenue.

White & Case has advised Carnegie Investment Bank AB, J.P. Morgan Securities plc and Citigroup Global Markets Limited, as joint global coordinators, and ABG Sundal Collier AB, Joh. Berenberg, Gossler & Co. KG, DNB Bank ASA, Sweden branch and Skandinaviska Enskilda Banken AB, as joint bookrunners, on the SEK 10.378 billion initial public offering and Nasdaq Stockholm listing of Nordnet.

Founded in 1996, Nordnet is a leading pan-Nordic digital savings and investments platform.

It was one of Sweden’s first internet brokers and later expanded its operations to include banking and pension services. Nordnet is now primarily active in three business areas: savings and investments, pensions and loans.

The shares of Nordnet started trading on Nasdaq Stockholm on 25 November 2020.

The offering was substantially over-subscribed, attracting very strong interest from large Swedish and international institutional investors as well as the general public in Sweden, Norway, Denmark and Finland.

The market capitalisation of Nordnet, based on the IPO price of SEK 96 per share, is approximately SEK 24 billion. As a result of the IPO, Nordnet will have more than 32000 shareholders.

The legal team which advised on the transaction was led by partners Johan Thiman and Mikko Hulkko and included partners Chad McCormick and Martin Järvengren, counsel Doron Loewinger and associates Christoffer Nilmén, Antonia Severin, Christian Meijling and Johanna Wagner, Thomas Killeen, Laura Kitchen and Michael Rodgers.