Archive for the ‘Online Gambling’ Category

Authorized Online Gambling to pursue at Washington DC

Thursday, April 21st, 2011

Washington DC took over as first jurisdiction in the USA to authorize online gambling. Within January, Washington Mayor Vincent C. Gray obtained and signed the law granting the 2011 budget which offered for generating revenues via online gambling. The period for Senate to object to the strategy expired last week. Currently, Buddy Roogow, government director of the D.C. Lottery, has stated the plans for utilizing online gambling. The web gambling would under D.C. Lottery, which was signed for a 50-50 revenue-sharing agreement together with Intralot USA for developing and working the online gambling website.

To start with a free to play online gambling website, which is now scheduled to go live by with regards to July 1. By September 1 locals of Washington DC might play for real money at few of “hot spots”. There is certainly up to 30 such hot spots within the jurisdiction. The city Convention Middle is an ideal spot for one of the hot spots. Alternative likely hot spots, In accordance with Roogow are hotels, bars as well as clubs. Players would have to bring their own desktops to place wagers at the hot spots. The web gambling product verticals will incorporate casino games, poker games and betting on fantasy sports.

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Germany Modifies Gambling Stance

Monday, April 18th, 2011

The present status of online gaming in the land of Germany is ruled by the treaty signed by the 16 states, which is authorized till December 31, 2011. This deal preserves the monopolistic quality of online gambling and a competitive regulatory framework.

Nonetheless, certain states obtained indicated that these people were not willing to prolong this further and would have to liberalize the online gambling regulations. There also have been distinctions with the European Commission as well as court rulings towards state owned monopolies. In this qualifications, the signatories to the treaty introduced this week that the German web-based gambling market would be liberalized, but with critical controls.
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Some European Countries: No to Gambling

Friday, April 8th, 2011

Several European countries are currently in different levels of having a competitive regulated set up of online gambling in their location. However, some European countries not only resist this trend but are also even going all out to remove gambling in an online casino from their jurisdictions. Some of these European countries like Poland, Netherlands and Cyrpus have been in the news for the past week.

In Poland, anti – online gambling stance has been maintained by the government through releasing a draft revision to its gambling legislation that confirms bans on all forms of gambling online, except sports betting. Strong punitive measures against illegal and unlicensed operators of online gambling and also those within Poland who promote or support online gambling activity  at unauthorized sites are the advocates of the draft law.

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Virgin Casino launched Harry Potter Promotion

Tuesday, April 5th, 2011

It is true that JK Rowling has made a wonderful masterpiece that truly captured the attention of most people. But perhaps, only few of us knew that Harry Potter would also be a prospect for the online gambling industry.

Virgin Casino, one of the popular online casino sites today, is believed to be the first one to launch a promotion that is inspired by the Harry Potter movie. The movie that was based on the seventh Harry Potter book – Harry Potter and the Deathly Hallows, is being made in two parts. The first part has been released last week. Given by the fan following of Harry Potter the movie will draw in the crowds. Virgin Casino announced: “Get your wands at the ready because we’ve conjured a spell-tacular promotion last 15th November and Sunday 21st November!”
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Online Gambling Ban Bill Approved in Cyprus

Tuesday, March 29th, 2011

Cyprus is a small island country which is a home to numbers of online gambling companies  an island in the Mediterranean. Their government stay committed to blocking or banning the online gambling, with the cabinet passing the said rapidly moving drafted bill.

Last Tuesday, the associated press has been told by the Deputy Government Spokesman Christos Christofides that the bill – which still requires legislative approval – will lessen vague provision under the existing law which have turned a growing online gambling business in the country into a “social wound.”
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Online Casino Gambling Booming in Macau

Friday, March 25th, 2011

Summarized article based from the news at OnlinePoker.Net; The article below discusses the growth of casino gambling in Macau. Credits to the Original Source of the Article.

Since 1850s when the government of Portuguese legalized the activity in the colony, gambling in Macau has been legalized. Macau has been known all over the world as the “Monte Carlo of the Orient” since then.

The biggest revenue generator in Macau is the gambling tourism which makes up about 50% of the economy. Chinese nationals from the mainland and Hongkong largely make up the visitors. In 2007, Macau overtook Las Vegas Strip in gaming revenues with the advent of huge foreign casinos from Las Vegas and Australia.

Generally, Gambling in Macau can be categorized into three, casino games, horse racing and greyhound racing. Sports betting and lotteries are also available. However, nowadays, Macau does not allow online gaming operations such as online casino sites.
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About Three Quarts of Britain Adults Are Into Gambling

Monday, March 21st, 2011

The article below is an excerpt from Telegraph.co.uk entitled “Problem gamblers increase as betting becomes more mainstream in UK.”

According to an independent report released today by the Gambling Commission, more people are getting involved in gambling. In the said report, it shows that about three quarters  or 73% of adults in Britain gambled in the previous year up from 68% in 2007. Common reasons of the huge majority of gamblers say that they get involved in gambling “because it’s fun” and “for the chance of winning big money”. As shown on the The British Gambling Prevalence Survey 2010, the British public take part in a wide extent of activities with still only a comparatively small portion of online gambling.
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Online Gambling Predictions for 2011

Wednesday, January 19th, 2011

Online gambling has seen a number of progression in 2010 and in such a fast moving industry there are bound to be plenty more during the next twelve months. Technology is advancing in an ever increasing speed, regulation is continuously threatening to change and companies are making and breaking deals at a break neck speed, leaving us behind and left to  reflect what on  earth 2011 could have to offer.

When we all start a new year, predictions are made for the upcoming weeks, months and years. This goes for our personal goals and even for targets that companies expect to achieve, but what should we see in 2011 when it comes to online gambling?
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Digital Transformation Of Casino Gambling

Monday, January 10th, 2011

With the advent of the internet, casino gaming has found a new way to reach more players. Gamers also get the better out of the new technology as they can play their favorite games without leaving the comforts of their homes.

However, not all players are yet willing to switch to the virtual casino. One might call it technophobia, but some of the older gamers are reluctant to try their hands at online betting. Their doubts are quite reasonable though, since, unlike traditional casinos, you don’t have your money right in front of you.

However, it’s not that all bad when playing in online casinos. In fact, the virtual casinos may be better in some respects to the traditional ones. Aside from the convenience of not having to spend travel money (since you can simply play at home), there are still a handful of stuff that you can get when playing in the online casinos.
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The Evolution of Online Casinos

Thursday, December 9th, 2010

People who carries the passion for online gambling will see that there are visible signs of growth and evolution to the online casino industry. Those certain countries that have chosen not to legalize the said games obviously stunt some changes. However, whether there are countries that make online gambling illegal or not, the industry is still thriving and growing larger and larger in all other countries allowing online gambling.

As an introduction, online casino is a derivation of the land-based traditional casino, also known as virtual casinos or gambling sites and providing diverse games or a single one depending on the website operation, franchise, etc. Generally, online casino offers better odds than land-based casinos for games such as slot machines, roulette, and poker where the chances of winning are regulated by the house.
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