Gambling.co.uk: Gambling News Archive

Alderney Signs Up Two More Big Players

AGCG annual report shows Channel Island is fast becoming No 1 gaming destination

Friday 4th June 2004



The Alderney Gambling Control Commission’s annual report for the year ending 31 December 2003, was released this week make impressive reading. Since the beginning of this year, the Commission has issued a licence to WagerWorks who operate “The Price is Right Games.com.” and Blue Square Gaming. This week alone, the commission issued a licence to WagerWorks who intend to operate Virgin Games.com. The Commission is also currently considering an application by Cantor Fitzgerald, the financial brokerage firm. “By the end of June we expect a total of nine Alderney licensees to be fully operational”, said Chief Executive Officer André Wilsenach.

Mr Wilsenach was present to give a talk at the iGaming Jurisdiction Showcase at the Natural History Museum in London this week to discuss the report and the steady rise of Alderney as a pre-eminent regulatory destination for online casinos.

Also attending was John Godfrey, Chairman of the Alderney Gambling Control Commission (AGCC) who said: 'The main objective of the Commission is to provide a regulatory environment that meets ‘world-class standards’, thereby protecting the reputation of Alderney while attracting ‘world class operations.'

Alderney offers businesses favourable fiscal benefits, including low corporate or gaming taxes, as well as a state of the art telecommunications system and hosting facilities.

“This is not what is typically offered by many other gambling jurisdictions elsewhere.” Added Godfrey. “There are currently about two thousand internet gambling sites which are owned by approximately 350 businesses operating from jurisdictions other than Alderney, of which only a handful are regulated in any meaningful way.”






Source: OnlineCasinoNews