ECJ Internet Gambling Austria
A court case between Austrian authorities and Bet-at-home.com is currently taking place in Austria.
Bet-at-home.com is licensed by the government of Malta the group has numerous subsidiaries.
The Austrians stipulated that the Maltese internet gaming rules were ample enough to protect player interests. The Austrian authorities disagreed and accused the two of violating the country’s internet gambling laws. The Austrian court that presides over the case approached the European Court of Justice (ECJ) for their input to ascertain if it’s in compliance with European Union (EU) law. An interesting turn of events occurred when both parties claimed that the ECJ supported them.
The ECJ ignored this statement because of the disjointed regulatory system across the 27 nations in the EU and feel that in the best interest of its citizens the onus rests on members states to protect them and not the ECJ. The European Lotteries welcomed this. President of …
Microgaming Signs Deal With Victor Chandler
Microgaming the web’s leading gaming software provider in its latest press release said that its Flash platform QuickFire will provide mobile gaming content to Gibraltar based Victor Chandler, one of the globe’s premier internet casinos. What makes this piece of news so interesting is the fact that it’s QuickFire’s first venture into mobile gambling.
Victor Chandler will enhance its internet casino games content with Microgaming’s finest via the QuickFire flexible platform. Without the need for an intricate back-office system Victor Chandler will offer casino games to its players. Within the mobile casino gaming sector this business venture places QuickFire as
Victor Chandler’s exclusive software provider. Thanks to QuickFire, Victor Chandler mobile players will now have access to the very best mobile casino games Microgaming has to offer. As it stands Victor Chandler presently offers mobile sports betting application and Microgaming games will further enhance its application entirely.
Victor Chandler’s Chief …
Schleswig-Holstein Passes Internet Gambling Law
The German State of Schleswig-Holstein was in two minds to pass internet gambling. Once its internet gambling draft received the thumbs up from the European Commission (EC) last month, a Schleswig-Holstein official said he hopes that the other German states would amalgamate to form a unified internet gambling treaty. Operators just caught wind that the Parliament of Schleswig-Holstein narrowly passed its internet gambling legislation.
Internet gambling verticals that would operate under this legislation are sports books, poker and all internet casino games excluding roulette, blackjack and baccarat. The 1st of January, 2012 this new law will take effect and from the 1st of March, 2012 the new licenses would be handed out. There is no limit on the number of licenses that can be issued. On all products the state will receive a 20% gross profits tax.
An internet casino that has invested heavily in the German internet gambling market is Betfair. …
Europe Makes Internet Gambling Progress
It was reported the previous week that three European countries are busy making progress toward egaming regulation.
Greece was the country with the most noteworthy news. A date has been set in September by international money lenders that the Greek government must implement a plan on how it’s going to generate additional revenue streams. Internet gambling is one such measure and the generation of revenue for the government from the gambling monopoly OPAP.
According to the media a memorandum of understanding (MOU) will most probably be signed between OPAP and the government before the set deadline. It entails the awarding of new gaming licenses and extending OPAP’s sports betting monopoly to 2020, OPAP will pay the necessary license fees. The approximate value of these license fees total €950 million. We believe the government of Greece will not see any the funds before the 30th September deadline. A proper agreement that …
eGaming Amendment Massachusetts
A new bill is geared to expand land-based gambling projects in Massachusetts. On Friday September the 9th, Dan Winslow (Republican from Norfolk) a State Representative filed an amendment to the bill that will permit Internet poker.
Winslow said that his proposed gambling bill enjoys the support of various experts within this field. Potentially this could boost the state’s revenue, create additional jobs in the software and regulatory industries and satisfy the demand for internet gambling in Massachusetts.
In all probability the Winslow amendment might come up for discussion next Wednesday the Boston media reported. Winslow said, “Hopefully Massachusetts will lead from the front on this one. There’s not one state in the United States that enacted legislation as yet that will legalize and regulate cyber poker.” eGaming proposals have been discussed in New Jersey, Hawaii, Florida, California and Nevada but have not implemented.
Winslow stipulated the details of the proposal …
eGaming:Washington Cold Shoulder Regulation
Democrat chairman of the Committee on Finance and Revenue, Jack Evans requested another hearing that pertains to intrastate internet gambling in Washington DC.
This time round two issues related to egaming have muddled the water. The first is the online gambling legislation and the second is the D.C. Lottery contract. The hearing would be held at the behest of three Washington DC councillors aiming to re-investigate both issues.
The press reported that the Washington D.C. Inspector General, Charles J. Willoughby, did not act upon a request from two ex- Cabinet officials to scrutinize irregularities in the lottery contract and the oversight activities of Chief Financial Officer Natwar M. Gandhi. Evans argued that it was the Inspector General’s responsibility to have carried out the investigation, since he failed to do so some councillors are concerned about the integrity of the deal. Hence another hearing must be held when the council reconvenes …
Weekly Winners Fortune Lounge Casino
The previous week saw an increase in activity at the Fortune Lounge group of casinos. A couple of players managed to win large amounts of cash. Wins were recorded on games like blackjack, video poker and slots.
One of the luckiest players last week was a player that goes by the name of Marcelo C. He won a handsome amount of $32,000 at the Vegas Palms playing blackjack. At times blackjack does produce steady winners since it has a reasonable return, it produces large winners seldom because of the low payout ratios.
Marcelo C favors the Atlantic City Blackjack variant, since it offers some of the highest returns among all the variants at the Fortune Lounge group. Marcelo C continued his winning streak when he won $14,654 on The Lord of the Rings slot game. His weekly winnings totaled $46,000 plus. As of next week Marcelo C will have the opportunity …
Facebook Gambling Advertising
It goes without saying that social network sites have taken the world by storm, and Facebook is the biggest social networking platform of them all. Facebook does not charge its users a cent. It derives its income from advertisements. Facebook has fixed guidelines in place stipulating what could be advertised on it and what not.
To maximize its advertising profits going forward, Facebook is now aiming to attract various industries by giving them the opportunity to reach millions of users on Facebook. Hence the reason it announced policy changes for its Advertising Guidelines. As a part of its new directive, Facebook issued advertising permits not only to internet casinos but to land-based casinos too subject to certain constraints. It had eased the prohibitions on contests, sweepstakes and a number of other gambling verticals.
Present changes to the Ad Guidelines are as follow. Since internet gambling is against the law in …
US Online Gambling Looks Promising
Most states in the United States of America are in dire need of some extra cash, hence the reason many officials are having a look at some of the prospects internet gambling might offer.
This past weekend the New York Times published a detailed article on the subject, the good news is that internet gambling is enjoying more media coverage than ever, hopefully it’s a portend of good things to come.
It goes without saying should internet gambling be legalized and properly regulated in the U.S, potentially it could create millions of dollars in revenue and could alleviate the current financial recession in the United States.
The first state to legalize internet gambling was New Jersey; unfortunately it was vetoed by Governor Chris Christie.
Next in line to legalize internet poker is Washington DC, but it experienced a minor setback since a senator recommended a public vote should be included …
UK and U.S Gaming Progress
The last few weeks internet gambling has enjoyed a lot of coverage in the United States and the United Kingdom.
The British government aims to tax foreign based sites. While in the US many states and representative bodies are trying to foster an environment that encourages regulated internet gambling.
Ralph Topping, the chief executive of William Hill aired his concerns pertaining to the British government’s planned taxation policy. Topping said that the UK government is “stepping on a minefield”. The changes include foreign based sites must obtain a secondary license and pay tax if they want to do business in the UK. Topping said this procedure does not nurture a free gambling market.
He continued in the same vein, “If politicians act holistically, people might think that was a reasonable approach, but if they salami slice things, they’re in danger of making huge mistakes and getting into legal territory they …