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Stronger regulatory measures for Estonia gamblers
The Estonian Riigikogu has approved stronger regulatory measures for the country's gambling industry, replacing laws that were described as unfit for purpose. The new law now awaits only the presidents imprimatur before
Key among the changes is the regulation for the first time of Internet gambling, together with strict new requirements for private operators of land-based casinos and off-track betting facilities. Lottery games will remain a state monopoly.
Minimum capital requirements for new operators have been set at a minimum Euro 1 million, a rise on the existing Eruo 128 000 of almost 800 percent. The minimum number of gaming machines in any licensed venue has been increased from 8 to 20, from January 1, and this will be hiked to 40 by July 1, 2010 - measures designed to discourage small and hard to monitor operators, which could result in driving many venues out of business.
Legislators debating the changes pointed to estimated problem gambling rates in Estonia of over 6 percent of the adult population.
News is awaited on the Czech parliament's decision on legalising and regulating online gambling. Recently the Czech lottery operator Sazka, hopeful that upcoming legislation will legalise online gambling in the country, announced plans to launch a new play-for-fun online casino branded E-Sazka.cz.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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