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Russia Gambling: Ukraine Las Vegas
Friday saw the Ukraine parliament overwhelmingly pass a measure temporarily prohibiting gambling until all casinos and slot machines are moved to a government-approved legal gambling area on the Black Sea some distance from the capital, reports Associated Press.
In a move which follows an example set by the Russian Federation, the plan is to relocate all gambling activities to the Black Sea peninsula of Crimea, a popular tourist destination, turning it into a "Ukrainian Las Vegas," according to Valery Pysarenko, a politician in the ruling party.
"The gambling addiction has turned into an epidemic," Pysarenko said, "Today marks a big victory for all Ukrainians."
Pysarenko's party co-authored the bill with members of the official opposition, and it now awaits only the signature of President Viktor Yushchenko.
Yushchenko has not spoken about the law and his spokeswoman Larisa Mudrak declined to say whether he would back the bill.
Pysarenko said it was necessary to regulate the gambling industry to control gambling, and because the majority of casinos and gambling halls evade taxes. He said the state budget receives only about 700 million hryvna ($93 million) annually out of an estimated $5 billion of industry turnover.
The law prohibits gambling at the risk of hefty fines and other penalties. Those who are caught gambling could be sentenced to prison, Pysarenko said.
The ban is expected to last several months, until a new law will set up a government-controlled area for gambling.
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Gambling News :
Amaya FY2016 Trading Update -
The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.
LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
Optima Information Services iShop -
Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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