Monthly Archives: May 2008

What People Think of Becoming a $5 Million Winner?

What would you do if you won $5 million in the lottery? Take time before answering!

Guess what Canadians would do…

According to the survey conducted by Ipsos Reid in November the majority of people said that they would keep their jobs. 35% would quit their jobs (the most likely ones to quit their job are women at the age of 45 to 65 years old). 17% admitted that they would start their own business. 13% of the surveyed people would change their careers. 8% admitted they would go back to school, and only 3% would use a portion of their winning to start a charitable foundation.

The survey has shown “the notion of jackpot winners sailing off into the sunset never to be seen punching a time clock again is more myth than reality”.

End of French Gambling Monopoly?

The problem of legalizing online gambling market in France may soon be solved, as this question is under consideration in the French government.

What is going on now is that the gambling market has been monopolized by the French lottery Francaise des Jeux and PMU (pari-mutuel horse betting monopoly). They offer online betting and scratchcards. Other internet games involving money are illegal. As a result, some heads of foreign online gambling operators have been arrested in France for violating French gambling laws.

The November report into how the online gambling market might be opened up in France is being studied by Prime Minister Francois Fillon’s office. The regulation of the gambling market in France may come as a result of “issuing licenses limiting online betting to sporting events, including betting on card games, or licensing all games except lotteries”.

It must be noted that France has already received a warning from the European Commission saying that “the restrictions of the sports betting market are not compatible with existing EU law and that the measures…to restrict the free movement of sports betting services have not been shown to be necessary, proportionate and non-discriminatory”.

PKR is Giving Away Seats to APT

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PKR, a 3D online poker room that offers various cash games and tournaments, is giving away seats to the $2,500 Asian Poker Tour for only $2.20.

There, players compete in progressively higher-stakes tournaments. The winner can take a $5,000 prize package to the APT held from May 27 to June 1. Approximately 400 players will compete for a massive cash prize.

The qualifiers will run on PKR until the grand final on May 12. Continue reading →

Will Gambling Market in Europe Change?

Denmark alongside with Finland, Hungary, Sweden, France, Greece and Germany have received warnings or reasoned opinions from the European Commission. It was stated that the restrictions of the sports betting market are not compatible with EU law. Moreover, the measures taken by these countries to restrict the free movement of sports betting services are not necessary, proportionate and non-discriminatory.

Europe expects gambling market to modern, regulated and responsible. Who knows, warnings and reasoned opinions may be the beginning of the end of the gambling monopolies.