Those who are in favour of internet gambling have championed its cause to legalize it again, since the inception of the UIGEA in 2006. Initially brick-and-mortar casinos in Nevada were strongly opposed to it.

The last year and a half has seen no action and Nevada’s senator was not committed to the cause. On the contrary Caesars Entertainment has come out in full support for internet gambling the last year or so. The last month many Nevada land-based casinos are in support of legalizing internet poker again. To add on to this Atlantic City casinos have made considerable headway pertaining to legalizing internet gambling in New Jersey.

However, according to the latest reports there might be a division within Nevada’s land casino lobby stable. Those who support online gambling are esteemed land casinos. The lesser land-based casinos in Reno have voiced their concerns over the possible implementation of internet gambling …

It goes without saying that the majority of countries across the globe’s lawmakers increase the tax rate of internet casinos in order to safeguard the interests of land-based casinos. On the contrary, Denmark has decided to steer away from the usual norm and offered a lowered tax rate to sites operating within the country’s borders. Unfortunately this move has landed them in hot water with the European Commission.

In the meantime a formal investigation has been launched by the EC to investigate the tax rate set forth by the Danish government to internet gambling sites.  In the event foreign based internet casinos do receive their licenses they will be eligible to pay the Danish government 25% tax as opposed to the current tax rate of 75% land-based casinos have to pay.

The EC investigates countries that attempts to control its Internet gambling market completely. Countries that are guilty of monopolizing their …

Unibet’s Maria bingo and additional casinos will change from its own network to Virtue Fusion’s bingo network of which Playtech is the owner. Mor Weizer the software provider’s new CEO said, “This deal could be regarded as one of the most significant B2B bingo deals which took place in recent years”. Playtech is set to endow Unibet with its multi-currency, multi-language platform via its ancillary Virtue Fusion, which would be utilised by Unibet to develop its pan-European bingo commerce.

Since 2006 Unibet has made use of GTS’ license, Playtech’s casino games platform supplier. Playtech feels that this new venture will bolster their current business affiliation, integrate and offer improved cross-selling between these two products”.

“Playtech’s bingo product is cemented by this new business venture and its ability to be competitive and excel within the European market has just received an extra boost. We are very excited with our new venture with Unibet …

Based on the latest research Singapore’s two casinos will produce gambling revenue of more than $5 billion for the first year alone, this is more than the total annual revenue of 41 casinos situated in Las Vegas.

The total population in Singapore is just over 4.6 million government has decided to legalize gambling in the country to boost its tourism industry. So far this has paid off handsomely and tourism gas gone up by 18% in the country. However, the two casinos exceeded the government’s wildest expectations and tourist from neighbouring countries such as: Indonesia, Malaysia, Australia, India and China have flocked to its casinos to gamble.

Singapore’s casinos has given Macau’s casinos a run for its money, Macau’s revenues stand at more than $20 billion through November, revenues are up by more than 50% in comparison to a year ago. It won’t come as a surprise to analyst should …

November has seen the powers that be in Cyprus’ aim to convince the European Commission (EU) to permit them to ratify an internet gambling ban. The government of Cyprus’ reason for the implementation of this ban is to keep criminal behaviour in check.

Portugal has been successful in persuading the EC in banning internet gambling and Cyprus hopes to follow suit. The decision on the Cyprus ban will be made by the European Commission this coming Wednesday. There is also no sign that Cyprus will be approved a pardon whilst handling international trade agreements.

The EU has clearly indicated that a country cannot forbid other member countries from doing business in their respective territories. The EU has various conditions where stopping the business is permitted and internet gambling has been one of those situations in the past. Cyprus is the second country in the EU to use criminal activity as …

It is official internet payment service provider eWalletXpress will no longer offer its services to the U.S market. eWalletXpress has joined major international operators such as; Neteller, PayPal and Moneybookers, which no longer operates within the American market as well.

eWalletXpress is a well-known deposit option for U.S players for funding their internet casino and poker accounts. The majority of internet casinos made use of this banking option which catered to U.S based players.  A couple of weeks ago traffic on these sites dropped radically indicating that something was up. eWalletXpress experienced and notified its users that it had technical problems at its web site.  Users were greeted with the following message: “We are experiencing ongoing technical difficulties since we’re upgrading our service.” This was mentioned at gambling forums and taken with a pinch of salt.

It’s difficult to comprehend that eWalletXpress experienced technical problems since their customer service was …

Senator Raymond Lesniak’s sponsored internet gambling and sports betting bills have been given the go-ahead by The New Jersey Assembly.  Voters will have to vote for the implementation and legalization of internet gambling in the State on Monday the 13th of December. Hopefully the internet gambling bill would receive the thumbs up from state’s Republican Governor Chris Christie before this year is out.

Both bills will enable New Jersey citizens to wager on the internet, however, a previous revision to consent to international players to wager online has been put on hold for the time being, Lesniak informed the Assembly Regulatory Oversight Committee.

41 Votes is the requisite to carry forward these internet gambling bills, it’s then up to Governor Christie who has 45 days to decide whether or not either bill should be approved into law.  A close source that has some inside information notified eGaming review that after these …

The overall ban on gambling is like a “snowball effect” as well as the implementation of a new bill that will fine players wagering at internet casinos in Russia.

The latest news to hit the headlines is that Russia has outlawed internet gambling and it would only be permitted within “special zones”, it still allows sports wagering. Casino industry bosses in Russia are trying to implement a bill that will find a loophole within the current system which will enable card sharps and roulette players to wager online.

Internet Gambling Banned

The bill which has been implemented by United Russia’s Ivan Savvidi pertains to gamblers who wager outside the official zones will face fines ranging from 500 to 2000 roubles, effectively this will outlaw internet gambling in Russia. “In the past those who were responsible for organising gambling events were held accountable, however, as of late gamblers themselves will be held accountable …

Senator Louis Correa from California has put forward an intrastate poker bill; it aims to get State legislation implemented before the current federal bill is implemented by Harry Reid.

The bill is supported by The San Manuel Band of Mission Indians as well as the Morongo Band of Mission Indians, initially it’s a revised edition of the five page summary the Morongo botched to find a supporter for in September 2009, because of poor support from other tribes who opposed the bill backed by Senator Rod Wright it was delayed in Committee earlier this year.

American poker voters are the initiators of Wright’s bill; it will mention the new sponsor of its revised poker-only draft soon. Former supporter Wright has been indicted with eight charges of felony against him, he stated that he is innocent.

Amid disagreement Wright’s bill has been delayed from the Morongo and card clubs, together with the Commerce Casino and …

Fitch Ratings conducted a holistic review of Caesars Entertainment’s capital structure and described this casino’s overall growth and cash flow as way below par. Caesars “waning asset worth” and meagre “impending market cap” were described as disconcerting since the operator tried to lessen its overall debt by prolonging maturity dates and purchasing back segments of debt, in the hope of reviving its company’s revenues.  According to the report Caesars Entertainment’s deficit has increased from US$23bn from $25bn since its buyout in January 2008.

Pirc a reputable corporate governance consultancy firm based in the UK requested Sportingbet’s shareholders to veto the company’s compensation details and stop two non-executive directors from being re-elected again. Investors were notified to ask for the authorization of a £100,000 to be utilised as a political costs and to thwart Nigel Payne and Sean O’Connor from being re-elected as reported by the Independent newspaper.  Pirc is of the opinion …