Internet Gambling

VIP Leaves the US Internet Gambling Market Due to Chargebacks

In an email to affiliates VIP.com has announced that effective immediately they will no longer be accepting new US players. The same holds true for Canadian players. The actions are being taken as a result of a large number of chargebacks the company has received from US and Canadian players.

The chargebacks are being caused by the players using depositing methods not as reputable as Neteller. Since Neteller left the scene there have been few depositing options available. Many US and Canadian players were finding that they were suddenly able to deposit simply by using their credit cards, which the Internet gambling world was enthused about at first. However, in the past three weeks the amount of chargebacks from the players who used these depositing methods has been more than VIP could handle.

Other companies, like the sister site of VIP, Casino Coins, who operate SuperSlots, English Harbour, and Caribbean Gold, have also reported a very large number of chargebacks. It is not known whether they will follow VIP’s lead and leave the US and Canadian industry.

Partial eMail Transcript –

As you are probably aware, recent changes in the e-commerce landscape have caused many online companies, like our merchants, to adapt their offerings in this fast paced industry.

As one of our preferred partners, I wanted to update you about recent changes with our merchants.

US Customers Effective immediately, all VIP Profits merchants will no longer accept new customers from the United States. Long standing premium customers have contributed to our success over the years, and we intend to increase our service commitment to them – exclusive focus on preferred customers.

Canadian Customers VIP Profits merchants will no longer accept deposits from Canadian players effective immediately. Canadian customers will maintain access to their account until April 1, 2007. Any current balance in the account may continue to be used until that date, at which point any remaining funds will be refunded to the player and their account will be closed.

Increased Charge Back Rates The international banking environment is fast changing, and merchants are experiencing increasing charge back and return rates. Affiliates should be aware of this as you monitor client activity moving forward.

Our merchants continue to be global leaders in online gaming, and look forward to working with you to recruit new clients outside of North America in the future.

UK Sportsbooks

UK Sportsbooks To Share Profits With Major UK Sports Leagues

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Sports in the UK have been lobbying for a cut of the bookmaking industry for a long time and government has finally heard their voice, and agrees with it, so the Minister has thrown support their way and will begin to negotiate with the bookmakers on how much they will have to give.

Richard Caborn and Tessa Jowell agreed on Wednesday in a meeting to support the case of the five major UK sports: Tennis, both codes of Cricket and Rugby, and Football. Now it is up to Caborn to contact bookmakers and negotiate a settlement.

There is a levy system in place for racing, but that is unlikely to be used in the cases of the other sports. Most likely scenario is that sportsbooks would donate $5 million and $10 million annually, to be made as a voluntary payment. In return, the sports governing bodies would agree to spend the money they receive on building grassroots programs, and policing their events.

The sports had argued that the integrity of their games were at stake by having gamblers receive inside information and games possibly being fixed.

The Gambling Act that will be in force in September will make cheating and the misuse of inside information a criminal offense, with a penalty of up to two years in prison.

With the government recently regulating sportsbooks, sports are hopeful that when the Gambling Commission publishes it’s findings later this month on the issue of information sharing, that the bookies will pass on info on any suspicious betting patterns that gamblers might have.

The one trouble area for these regulations and profit sharing is that once the five major sports start receiving money, less popular sports like darts and snooker may soon come calling, looking for their piece of the profits.