|Alderney, 3 June 2004: The Alderney Gambling Control Commission today released its annual report for the year ending 31 December 2003. The figures for the year 2003 reveal a healthy surplus of £535,502 over expenditure, generated from interactive gaming and gambling licensing fees, compared with the previous year’s results which produced a small surplus of £62,165.|
From the report it is evident that Alderney is now recognized as the pre-eminent jurisdiction worldwide which attracts world leading 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. These include blue chip operators Sky, Ritz, Rank, Harrah’s, Venetian, WagerWorks, CryptoLogic and Paddy Power.
Since the beginning of this year, the Commission has issued a licence to WagerWorks (Alderney) 4 who operate “The Price is Right Games.com.” and Blue Square Gaming (Alderney) Ltd . This week, the commission issued a licence to WagerWorks (Alderney) 5 who intend to operate Virgin Games.com. The Commission is also currently considering an application by Cantor Fitzgerald, the well-known US and UK 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.
In his Chairman’s report, John Godfrey, Chairman of the Alderney Gambling Control Commission (AGCC) stressed: '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.'
“This is not what is typically offered by many other gambling jurisdictions elsewhere. 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.”
Alderney offers state-of-the-art telecommunication infrastructure and hosting facilities. The island also compares very favourably with other online gambling jurisdictions in respect of fiscal benefits, including low corporate taxes, no VAT and no gaming taxes. Most importantly, Alderney is recognised by the major gambling jurisdictions in the rest of the world, including the UK, Europe and the United States of America.
Founded in May 2002, the Alderney Gambling Control Commission is an independent , non-political body which is chaired by John Godfrey, an expert in gambling regulation, and includes people with specialist experience in gaming, regulation and licensing.
States of Alderney:
Ilona Soane-Sands – Public Affairs & Marketing Manager
Tel 01481 824267 - Fax 01481 822436
Alderney Gambling Control Commission: André Wilsenach CEO
Tel +44(0)1481 823967 – E-mail: email@example.com