Casino crisis, Ohio vote

Posted by admin On December - 1 - 2009ADD COMMENTS

The Ohio voters are deciding these hours if the recession is a motivation strong enough to get the game Casino in their State. A question not new, to tell the truth, because that is the fifth time in nineteen years, that this has becomes object of elections and the frustration of the work, who see a market of great interest in the American State officers, but have failed so far.

It is also true that almost every year since 1990, casino operators lobby have attempting but not succeed.

Penn National Gaming, that handles the casinos in Pennsylvania, has already put the option to purchase land where to bud gaming in Ohio, if voters vote should allow this opportunity. The current electoral initiative proposes to amend the Constitution of the country to allow the game gambling that is practiced in casinos and is similar to those carried forward in recent years. But objective of consolidating debts of budget and tackle unemployment is not only precisely the Ohio: also the neighboring States, Pennsylvania, Massachusetts, and Kentucky, are considering proposals to expand the gambling inside their borders.

Of course, the proposed constitutional amendment was object of antigambling, as fought by Republican Senator George Voinovich, former Governor of Ohio, but also those who have seen as the main funded local racetrack.

Initiative this year in Ohio, known as number three, calls for four gaming houses a minimum cost of 250 million dollars each for certain land located in Cleveland, Cincinnati, Columbus and Toledo. It also provides a tax equal to 50 million dollars for each license issuing and a fee equal to 33 % of the gross income of casinos, which should be divided between the local governments of the entire country.

The Mtr Gaming Group Inc., which owns a Racecourse in Columbus, and its Chairman, has spent approximately $ 6 million to fight against this proposed constitutional amendment.

Chester, W.Va., hoping to qualify for an additional proposal allowing slot machines in the racetrack, issue on which the Supreme Court has already expressed, by declaring that it should be the subject of a referendum in 2010.

“We are not opposed to competition – says the Director-General of Mr., Robert Griffin – what we are looking for this as reasonable and open process for other companies”.

Penn National Gaming is a force driving behind the electoral initiative, but last year has spent 20 million dollars to defeat a measure that would allow another company to build a huge Casino East North of Cincinnati, approximately 70 miles from Casino Penn opened this year in Lawrenceburg, Ind. This initiative was defeat, 62 % compared to 38 %.

The wind are but changed at the beginning of 2009, with the rate of unemployment which is impennato of 10 % compared to the previous year, 6.2 and also the public has become more favorable to the Casino. From here the decision of the Penn support the campaign pro-gambling, stressing the potential for jobs that would be.

In Italy two Million on Players Online

Posted by admin On November - 21 - 2009ADD COMMENTS

Rome – the market games in Italy 2009 aims to close with a collection of more than 52 billion euro, a figure which benefits the boom the online has developed in recent months. According to the survey Doxa and Human Highway, which was held in the spring on a sample of 4,000 individuals in the Italian population and 2,000 Internet, users would be two million players online, a million of whom active players pointing money, with 1,34 million game accounts (because there are also those who bets with multiple operators, since players equipped with at least one game account are 750mila) and a total annual turnover equal to 3.7 billion..

The survey indicates that the online player is typically male and aged between 25 and 34 years. For the lion’s share of at least as regards bets on the network, it is poker, great surprise and revolution of the computerized online last year, with 65 % on the total market game and a performance that is incredible growth rates market (likely a % + 879 between 2008 and 2009, + 400 % in the last quarter of the past two years), while the collection in the areas most mature of the online gaming grows “only” 6 % (sport and betting Betting) or even decline (instant lotteries). The two millions of players online you can add 620mila “dormant” players and individuals who declare themselves “prospects” of the activity of online gaming. By summing all segments, the number of people affected or in close proximity to the phenomenon of gaming in Italy is equal to 3.3 million..

Last year the type most popular online gaming has become poker, with 1.3 million players, by subtracting the primacy of the 2008 to sports betting. In 2009 the latter involved approximately 800mila active players. Following instant lotteries (250mila), the game in the casino online (60mila) and bingo players (too few to be adequately sized). Active players, followed by the poker with 520mila becomes the largest with 650mila between players only with money, the segment of sports betting. The two segments are largely disjoint and constitute two different basins and complementary online gaming market: two scommettitori online on three only play sports betting; only two thirds of poker players play poker online. The segment of the instant lotteries is 80 % superimposed with two major types of game, in particular with sports betting.

Yesterday, France has approved a law that allows online casinos and online gambling legal. Still, there is already criticism: according to a handful of specialists in the gaming industry, France has not sufficiently meets the requirements of the European Union. A previous legislative proposal was rejected, in June, because the EU is not consistent with the commitments made within Europe about gambling.

Conflict in European Agreements
One of the points of the original Bill was that casinos were able to obtain a license only, as they actually were established in France, and of a French bank account. This is in contravention of the agreements that have been created within the EU. Hereinafter referred to as paste anything from the law Franrkijk, but the new law is also designed for a foreign casino is difficult to get a license.

Major players included
It is within the new legislative proposal, for example, you can’t remove a license from the French Government, as the online casino is established in a country that is a particularly favorable tax environment, such as Gibraltar. As a result, casinos such as PartyGaming, Ladbrokes, bwin excluded, but major players in the market.

Lotteries
In any case, there is one sector that is to be welcomed in this idea: the lotteries, who were forced to establish themselves in countries with an unfavorable tax environment. The President of the Association for European lotteries, Friedrich Stickler, said in a statement: “we have no business need to make a profit over social and ethical concerns, and that the responsibility of the whole of the social security contributions from the Governments of European countries.” In other words, to operate from Gibraltar gaming houses have an unfair advantage, that this proposal will be corrected.

Win Free Beer for a year at the Casino

Posted by admin On October - 6 - 2009ADD COMMENTS

The Oktoberfest is one of the most famous events in Germany as well as the largest exhibition of the world; celebrated in different cities of the world. This month the trademark casinos Euro Partners, Vegas Red, Europa Casino, Titan Casino and Casino Tropez join the celebrations and will host an Elite Challenge from 22 September to 5 October for a grand prize of beer free for a year.

The first prize is the value of $ 3000 in cash, equivalent to the value of a year of beer. This thus awaited competition has been organised in spite wake ‘ incredible success with promotion for beer free during last year’s Oktoberfest to Vegas Red, that was the first online casino to submit the event.

The Oktoberfest promotion is a tournament live, therefore the rankings of placements will be automatically updated every 30 minutes, allowing players to follow and monitor their position and the course of the tournament. To enter and win players will have a real Vegas Red Casino Tropez, Titan Casino or Europa Casino account. Each Member which will carry out deposits during the promotion period will be able to participate in the competition. The player with the largest number of bets will be declared a winner. Apart from this first prize from feel dizzy, 11 players in each Casino win Awards finalists in bonus free a value between $ 500 and $ 25.

The Vice-President of the marketing of Euro Partners, Marc Kenisberg, said with regard to competition, “our Casino are constantly trying to provide fun and exciting promotions that mantegano met our players.” “As a result to the resonating success last year with the promotion of the Oktoberfest in Vegas Red, we decided to host this promotion and widen the other three Casino”

In the major development that took place in Costa Rica gambling market Costa Rican government have planned to introduce bill to regulate gambling operated from Costa Rican soil. It is expected the if this bill is implemented then it will generate around 100 million US dollars for the country enconomy! the bill is expected to be introduced in assemby this week for consideration.

For a long time Costa Rican gambling industry was unregulated and uncensored but this step from Costa Rican goverment may lead the gambling entrepreneurs to move to some other soil like Panama where gambling is still unsensored.

One goverment official was quoted saying “The principal idea of the bill is to regulate activity” he also added “Gambling is something that we are currently not monitoring and, thus, not taking advantage of. If we can regulate it, it could create millions more dollars for the economy.”

On the other hand betCRIS CEO, Mickey Richardson, said, “They (Costa Rican Government) needs to understand our business and the consequences before passing such a law,” “Hopefully nothing will happen. I think they would ask for our input and then we might be more supportive.”

Frank’s gambling bill is gaining more support day by day, hence pressurizing US government to either cancel or re-design its UIGEA Gambling Act. Many people are raising their voice against the law; many people are showing their support to Frank.

Meanwhile five representatives have showed their open support to Frank gambling bill HR2267. The two representatives are from New Jersey, one each from Idaho, New York and Connecticut. These representatives have formally shown their supports to Frank, besides other fellow senator from other house are also supporting his Gambling bill.

Frank is receiving support from all over the country for his anticipated gambling bill. In the recent developments by US government have seized many bank accounts of US players which were used to pay out winning money to players. This has created unrest among the US players and they are strongly supporting Franks gambling Bill HR2267.

Many players from US are contacting their State delegate to show their unhappiness about the US government for seizing their bank accounts.

NEW DEVELOPMENTS IN US ONLINE GAMBLING LAWS!

Posted by admin On July - 13 - 20091 COMMENT

Remember the US congress man Barney Frank was to bring the bill in support of legalizing gambling in US. The House Financial Services Committee has pushed the hearing on his bills HR 2266 and HR 2267 till September. This has dismayed many poker players in US. Though states are opening their doors for gambling prospects but US government is show reluctance to any changes in Gambling laws.

The petition for Legalization of online gambling has already received 6000 new signatures from players who have participated in WSOP. It is a campaign started to support Legalization of online gambling. The petition is expected to reach 250,000 signatures before put in front of President Obama for consideration. Some sites like Pokerstars are giving away special offers to players who are signing the petition.

Great News for US Gamblers

Posted by admin On April - 14 - 200937 COMMENTS

At last there is some good news for US gamblers, Mr. Barney Frank the Chairman of the house Financial Committee to introduce Gambling Regulation and Enforcement Act (HR 2046) after Easter break.

Mr. Frank said “(Attaching HR 2046 to another bill) is not my intention. It would be a mistake. I want to do this with hearings, discussions and votes,” as he told political news magazine The Hill.

Mr. Frank also criticized UIGEA few weeks ago. He is quite hopeful of positive outcome of the bill. If everything goes according to plans, Government would be able to control and tax online gambling, plus the wages made by online casinos and poker-rooms.

Many feel this is a very important first step regarding legalizing online gambling and regulating in the US. Optimistically Mr. Frank can put his framework in place so that U.S. players can benefit from a well controlled gambling atmosphere.