RecentPoker RecentPoker.com
Home Page RecentPoker.com Online Poker Rooms Casino Bonus Online Casinos Casino News Gaming News gaming News Gambling Articles World Series Of Poker No Deposit Bonus
Online Slots
        Gambling Affiliates     |     Gambling Guide     |    Slot Tournaments Finder     |     Poker Pros    |     Recentpoker Twitter
   
Online Casino
Biggest Casino Bonuses
SlotsLv
$22 No Deposit Bonus
SlotsLV no deposit
Betonline Casino
$900 Signup Bonus
Betonline Bonus Code
Bovada Casino (Bodog USA)
$3000 Signup Bonus
Bovada Bonus Code
SlotsPlus Casino
$7000 SignUp Bonus
SlotsPlus First deposit bonus
ManhattanSlots
$767 x2 Signup Bonus
ManhattanSlots
Biggest Poker Bonuses
Bovada Poker (Bodog USA)
$1000 Sign Up Bonus
bovada poker bonus code
888Poker
$88 No Deposit Bonus
888 Poker no deposit bonus
Party Poker
$500 Sign Up Bonus
PartyPoker no deposit bonus
BetOnline Poker
$900 Sign Up Bonus
Betonline Poker bonus code
USA No Deposit Bonus

No Deposit Bonus : SlotsLv casino currently is offering everyone a $22 no deposit bonus. New Players Only. Fully Cashable. USA and Canadian Players are welcome. Please see our SlotsLv review page for the no deposit bonus info. SlotsLv Review

Best USA Casino Bonus

Big Casino Bonus : All USA Players Welcome: Bovada Casino the #1 USA Online Casino offering all new signups a $3000 table game and slots bonus + weekly cash back. All new accounts qualify thru our link. No codes needed. For full bonus information please see our Bovada Bonus review.

 

Bovada Casino Bonus Code

 
No Deposit Bonus

Hong Kong Jockey Club Losing Business to Online Betting

Posted 2/16/11 : Over a third of wagers are going to the internet
 
The Bloomberg business news service reports that the Hong Kong Jockey Club, long used to a monopoly on gambling, is feeling the pressure of competition from what it describes as 'unauthorised Internet betting sites.'
 
Winfried Engelbrecht-Bresges, the 55-year-old German CEO of the Jockey Club, told Bloomberg: “Competition is just a mouse click away. Our competitiveness is at risk.”
 
The Club is the city’s sole provider of horse racing, football betting and lotteries is also its largest single taxpayer. Hong Kong accrued about 7 percent of tax revenue HK$12.8 billion ($1.64 billion) last year from the club, helping keep income tax rates in the former British colony among the lowest globally.
 
The operator is also the city’s biggest source of charitable donations, spending HK$1.52 billion in the year ended June on everything from hospices for single mothers to art archives.
 
About HK$105 million is bet on every race, says the club’s executive director for racing....more than 50 times the average at U.S. tracks in 2010. After prizes and winning bets are paid out, the Hong Kong government takes at least 72.5 percent of what’s left in taxes.
 
The Club claims that all this is threatened by a rise in unauthorised Internet betting sites, which avoid paying gambling taxes or royalties to the track, enabling them to offer more attractive odds.
 
“Online gaming has eroded racing’s capacity to ensure it achieves a fair return from all the wagering that takes place,” said Andrew Harding, who heads the secretariat of the Sydney- based Asian Racing Federation.
 
Some tracks are trying to fight the problem of “free riding” by online bookmakers by linking with race courses in other countries to take bets on each other’s races. The system, called commingling, broadens the pool of gamblers the race operators can access, allowing them to offer better odds.
 
Hong Kong’s tax regime makes such deals prohibitive because the city doesn’t make allowances for double taxation. The Jockey Club’s overseas revenue could be taxed twice - in the country where the bet was made and in Hong Kong - removing any profit.
 
The city’s government said in an e-mailed response to Bloomberg that it is “willing to review the taxation structure for inbound commingling.”
 
According to the Bloomberg report, it is estimated that annual revenue for illegal bookmakers from Hong Kong horse races is between one-third and 100 percent of the Jockey Club’s receipts. That means the government lost at least HK$2.6 billion in revenue, based on the HK$7.9 billion in racing taxes the club paid in the year ended March 2010.
 
Hong Kong’s gross racing revenue grew 3.6 percent to $1.5 billion in the year ended June 2010. By comparison, it is estimated that Internet gambling last year grew 10.4 percent to $11.9 billion, according to GBGC gambling consultants.
 
The Jockey Club has not completely shunned internet betting - it already gets 30 percent of its earnings from online soccer betting and would like to expand into other sports with government permission, executives say.
 
Meanwhile, internet companies like Betfair are not afraid to compete if there is a level playing field.
 
“It’s more and more difficult for Hong Kong to maintain its monopoly and have a thriving business when there are so many competing alternatives out there, both illegal and legal,” said Stephen Burn, Betfair’s Global Racing Director.
 
“There is a tidal wave of people who want to use the new technology.” Burn emphasised that Betfair doesn’t take bets on Hong Kong horse races.



Gambling News :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

  Top 6 Poker Sites - Editor’s Pick
Poker Room
Info
Code
Bonus
Bovada Poker
1349384
$1000
BetOnLine Poker
None Needed
$900
ACR
RECENTACR
$1000
Fulltilt Poker Bonus Code Fulltilt Poker
None Needed
$10 ND
888 pacific poker 888Poker
None Needed
$400
PartyPoker PartyPoker
PARTYHARD
$500
  Top 6 Casino Sites - Editor’s Pick
Casino
Info
Code
Bonus
SlotsPlus Casino
Claim20
$20 ND
Bovada Casino
1349384
$3000
MapleCasino Bonus Code MapleCasino
None Needed
Free Spins
SlotsLV
Slots22
$22 ND
Buzzluck Casino
Buzzluck
$868
SlotLand
FREE33RCNT
$33 Nd

Casino No Deposit Bonus Copyright © 2004-2016 | Recentpoker.com | All Rights Reserved. Copyscape Protected No Deposit Bonus Codes
Recentpoker.com

Please Note : Gambing might not be legal in your area. We bring you www.recentpoker.com as an information and gambling news site only. We hope that you find all the information and gambling news found in www.recentpoker.com to your liking. Please tell your friends about us and visit us again soon.

http://www.recentpoker.com