Gambling News 15th November, 2013

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U.S. FEDERAL TAX STRUCTURE PROPOSED FOR ONLINE GAMBLING

15th November, 2013 at 10:49:10
A familiar name and a well-known legislative proposal.

Remember Rep. Jim McDermott and his Internet Gambling Regulation and Tax Enforcement Act several years ago designed to complement one of Rep. Barney Frank's many attempts to achieve federal legalisation of online gambling?

Full Story: U.s. Federal Tax Structure Proposed For Online Gambling »

LADBROKES IN DAMAGE CONTROL MODE

15th November, 2013 at 10:49:10
Broker's note has gambling grouping rushing to deny gloomy predictions.

Online and land gambling group Ladbrokes plc was forced to deny that it is about to issue another profits warning after an investor relations call to Ireland's Goodbody Stockbrokers triggered rumours of an impending alert, according to a report in The Telegraph newspaper Friday.

Full Story: Ladbrokes In Damage Control Mode »

CHANGES AT WILLIAM HILL IN GIBRALTAR

15th November, 2013 at 10:49:10
Gambling group set to shed 65 jobs.

The telephone betting and customer services departments at William Hill plc in Gibraltar are about to be downsized as punters turn increasingly to internet and mobile channels in placing their bets, reports the Gibraltar Chronicle.

Full Story: Changes At William Hill In Gibraltar »

NEW JERSEY INTERNET GAMBLING EXTENSION BILL PROGRESSES (Update)

15th November, 2013 at 00:44:11
Online gambling servers will be permitted outside land casino premises but must remain within Atlantic City boundaries.

In the New Jersey legislature a bill designed to make Atlantic City an online gambling hub has successfully passed out of the Senate State Government, Wagering, Tourism and Historic Preservation Committee.

Full Story: New Jersey Internet Gambling Extension Bill Progresses (update) »

POLISH PROGRESS ON MONOPOLISING ONLINE GAMBLING (Update)

15th November, 2013 at 00:44:11
Draft amendments sent to the European Commission.

The international online gambling industry will watch with interest the reaction of the European Commission to Poland's draft gambling law amendments, which were submitted to the Commission this week for comment following several months of consideration and drafting (see previous reports).

Full Story: Polish Progress On Monopolising Online Gambling (update) »

THE POWER OF CHINESE GAMBLING

15th November, 2013 at 00:44:11
The magnitude of latest lottery numbers is staggering.

Chinese lottery statistics released this week by the Ministry of Finance again illustrate the staggering potential of the Chinese gambling market, reporting sales that reached 251.64 billion yuan (41.29 billion U.S. dollars) in the first 10 months of 2013, up 19.2 percent year on year.

Full Story: The Power Of Chinese Gambling »

DUTCH POLICE ARREST 4 FOR LAUNDERING ONLINE GAMBLING PROFITS

15th November, 2013 at 00:44:11
Massive operation extends beyond Dutch borders, police claim.

The National Prosecution Office in Holland announced Thursday the arrest of four men by Dutch police on charges of large-scale money laundering of profits allegedly derived from illegal online gambling operations.

Full Story: Dutch Police Arrest 4 For Laundering Online Gambling Profits »

PAYMENT COMPLICATIONS FOR U.S. ONLINE GAMBLING

15th November, 2013 at 00:44:11
Financial services companies shy away from internet gambling transactions as the US industry gets underway.

Just as sanity appeared to have returned to the American online gambling industry with state-by-state legalisation in Delaware, Nevada and New Jersey, complications have arisen from the financial transactions perspective, reports the Bloombergs business news agency.

Full Story: Payment Complications For U.s. Online Gambling »