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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 :
Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
Singapore Online Gambling Ban Begins -
Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.
Pennsylvania Online Gambling Updates -
Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.
WSOPE In Czech Republic -
World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.
BtoBet Partners with AfroBet -
Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.
Pissed off Tabcorp shareholders -
A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.
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