Many people these days can enjoy gambling online in the comfort of their homes whenever they feel like letting the steam off. Does it mean that traditional casinos with the unique atmosphere of luxury and stylishly dressed people are becoming history? Well, it is too early to state anything of that kind. No matter how attractive online casinos are, they will never replace chic gambling zones of brick and mortar. The best proof of this fact is a fantastic $1 billion gambling resort project in Foxborough proposed by Las Vegas casino mogul Steve Wynn.
On the 2nd of March 2012, the influential man started his day by releasing the first renderings of his cherished dream. Mr. Wynn is determined to make his project come true and become prosperous and profitable from the very start. He wants to make his Foxborough project the most awaited event in the community of gamblers by sending to more than 7,000 households glossy mailing, including a 20-minute DVD about this earthly Paradise for all gamblers.
MGM Resorts International, Boyd Gaming Corporation and Bwin.Party Digital Entertainment are looking forward to the moment of legalization of Internet Poker in the USA to share the market. Boyd Gaming will have a 10% stake in the company, 25% of the company will be held by MGM and the ownership percentages will belong to Bwin.Party.
Jim Murren, CEO of MGM Resorts explains that millions of Americans are gambling online at different gaming areas the majority of which have nothing to do with fair deals and security. With all that people are gambling billions of dollars and US government is deriving no benefit from this fact. Gambling is a phenomenon of today’s reality that is why legalizing Online Poker in the USA means job creation, tax revenue and high standards of entertainment for ardent Internet gamblers. The fact that big companies position themselves before the market becomes accessible proves that USA needs high-quality gaming zones with fair play, high winnings and stable payouts.
Some of the websmasters have already received notifications saying that Rival casinos are shutting down and the brand will not exist no more. Be aware of the fact that all online casinos offered by the Rival group will not accept new players from the USA starting from on August 7th. It has been stated however that the old members are welcome to keep on playing. No accounts will be suspended everything will remain as it is for the lucky ones who have registered beforehand.
The changes include some of the Rival programs will now be run by the Top Game brand which will result in affiliates migration. The changes were expected by many affiliates but none of us thought of the top game Brand to come into the game. The future is unclear so far.
Betsson AB has ceased operations in Turkey. The company sold its client list in that nation to Realm Entertainment for €1.9 million.
Betsson’s subsidiary, Business Solutions has agreed to a five-year deal for the provision and operation of an online gambling portal on behalf of Realm. The new portal is to be based on Betsson’s platform allowing for the white-labelling of the entire product range.
The portal will iclude a sportsbook. Casino and poker rooms available in Greek, English, Dutch, Turkish, German and Spanish.
Georgia state authorities(US) are working harder now to find stronger online casino measures against illegal gambling and online casino operations. 11 illegal gambling establishments that have been taking potential business earnings away from legitimate internet and land-based gambling establishments are getting closed. More than 20 people have been arrested on different charges and 39 illegal gambling machines – confiscated. In addition to that, illegal drugs, unlicensed firearms and $73,000 cash were seized as well.
The raids and investigations have become possible thanks to the help of the concerned citizens who provided information regarding suspicious land and online gambling activities in their state.
Cyprus is following Portugal in its attempt to ban online casino operations within its jurisdictions to keep the increasing crime rate under control. Analysts, however, have doubts that the European Commission will give its approval to Cyprus, despite of the clear statement that no country in the Union can stop other member-countries from dealing business within the area of jurisdiction. It has to be noted that online gambling has been included as one of the limitations, and nauraly the European Commission will appeal Cypprus’ viewpoint.
France, Spain and Italy are the countries that have already allowed and legalized online gambling.
The groowths and development of this market cannot go unnoticed by gambling companies.
It is believed that Macau, Singapore, Australia and South Korea will see reap a revenuu of $62.9 billion over the next three years, while last year they already made approximately $21.8 billion in revenue. Among the four countries Macau is already considered the world’s top gambling destination with the biggest market in the gambling industry.
Judging by the rapid development of the gambling industry in Asia Pacfic, it will definitely beat there the gambling industry in the USA.
With the appearance of iPad, a new industry dedicated to the creation of software, tools, games and online casino consoles for iPad appeared as well. Before, the software could be downloaded into the Apple gaming system only, but with the time the restrictions changed.
The large screen of iPad gives players more flexibility and convenience in playing online casino games, and that fact has been effectively used by Jackpot City that released a new gambling application especially designed for iPad, The game can be downloaded for free without any registration.
The new set of online casino iPag games includes baccarat and blackjack, and Mega Moolah and Tomb Raider slot games.
The Federal Families Minister of Australia, Jenny Macklin, has aired cocerns regarding the growing availability of online casinos and other instruments for wagering, as well as the growing demand for online gambling as a form of entertainment.
According to the statistics provided by The Courier-Mail, Australians will spend as much as $1 billion on online casino gambling this year alone. And the Minister fears that this could result in a large scale problem throughout the country.
As the Australians choose offshore-based sites to circumvent banning for their entertainment, they get bigger problems because there is no protection of privacy for the customers as well as out-of control gambling by players.
At the moment the federal gambling is still insisting on continuation of online gambling ban.
The planned openning of the Danish gambling industry to the world is postponed til the summer of 2011 after the protest regarding recommended rate of taxes and an annual fee of between €7,000 and €200,000.
Right now, online casinos and other gambling companies are not really sure about the start-off day, and as a result they had to temporarily terminate their operation for another six months before the actual start-off.
It needs to be mentioned that the tax rate has been filed during the idle period, however, the review by the European Commission has ceased. Denmark’s Minister for Taxation, who believes that the country has been acting in accordance with the European Union Law regarding the draft legislation, is going to the headquarters of the European Commission in hope resolve the tax problem.
So far, Danske Spil has been enjoying the advantage it has now over other entrants.