Gambling News 18th December, 2010

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TAX NET CLOSES ON CYPRUS-BASED ONLINE GAMBLING OPERATORS

18th December, 2010 at 08:43:49
Police investigators have provided the Inland Revenue Department with details of an allegedly Euro 2.5 billion industry

Internet gambling operators who chose Cyprus as a convenient and tax-efficient base may have to reassess their position following developments this week in which the local constabulary announced that it had handed over information on internet gaming companies to the Inland Revenue Department.

Full Story: Tax Net Closes On Cyprus-based Online Gambling Operators »

OPAP PRIVATISATION MORE URGENT (Update)

18th December, 2010 at 01:22:00
The parlous state of the Greek economy may speed up OPAP disposal

Although the privatisation sale of the Greek state gambling monopoly OPAP has been on the cards for some time (see previous reports), the parlous state of the Greek economy may provide more momentum to get the deal done and the cash into state coffers.

Full Story: Opap Privatisation More Urgent (update) »

KEY NEW JERSEY BILL TO GO BEFORE COMMITTEE THURSDAY (Update)

18th December, 2010 at 01:22:00
Online legalisation continues to move apace

Senator Ray Lesniak's S490 bill seeking to legalise intrastate online gambling will go before the Budget Appropriations Committees in the New Jersey legislature on Thursday this week to formalise minor changes in the financial provisions (see previous reports) before the bill goes to the Assembly floor and a hopefully positive vote.

Full Story: Key New Jersey Bill To Go Before Committee Thursday (update) »

WEST VIRGINIA NOT YET READY FOR LEGALISATION

18th December, 2010 at 01:22:00
But the pressure is mounting

With possible intrastate online gambling legalisation bills under consideration in New Jersey, California and Florida, there was speculation in West Virginia this week that the growing competitive pressure that could develop may cause a rethink on the state's present antipathy to internet gambling.

Full Story: West Virginia Not Yet Ready For Legalisation »

UK GAMBLING INDUSTRY STATISTICS

18th December, 2010 at 01:22:00
Gambling Commission releases facts based on licensee reportage

The UK Gambling Commission has published its industry statistics for 2009/10.

In August the Commission announced it was changing the publication date for its annual statistics document from the summer to later in the year. This was to allow a change to fiscal year reporting (1 April to 31 March) for the data released from regulatory returns, so that direct comparisons could be made between all data sets, and to allow more time to ensure the accuracy of the published data.

The document ...

Full Story: Uk Gambling Industry Statistics »