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.
Gambling: German State Treaty on Gaming cost Jaxx AG millions
The price of protectionism paid by German online gambling company Jaxx AG, was showcased again this week when the company announced financial results that included a consolidated loss of Euro 16.9 million, largely due to the implementation of the German State Treaty On Gaming.
The Treaty shields the German states which monopolise gambling in the country from fair competition by private companies.
The Jaxx statement revealed that the firm had written down Euro 15 million in investments in its German operations and closed its Jaxx Gmbh Hamburg subsidiary as a result of the new Treaty legislation,
which came into effect in January and prohibits online lottery agency operations.
“While terrestrial agency business via supermarkets and filling stations is still fundamentally possible subject to certain restrictions, in virtually every instance permits have been refused for reasons that have not been fully explained,” read a statement from Jaxx.
Despite its significant impairment charges, Jaxx revealed that its overall business was growing with consolidated sales up 67 percent to Euro123.5 million alongside cash flow from operating activities of Euro 3.7 million. In addition, Jaxx stated that its cash and cash equivalents after investing and financing activities amounted to Euro 13.2 million, slightly down on 2007’s Euro 13.8 million, and its equity ratio was 44.2 percent leading to a balance sheet total of Euro 48.6 million.
“Although serious doubts have been cast on the lawfulness of the State Treaty On Gaming by the European Commission and by experts in constitutional law and European law, the new legislation has prohibited lottery agency operations on the Internet since the start of 2009,” read the statement.
“All investments in that field have been written off except for the few instances where permits have been granted.”
Jaxx has relocated many of its operations to London
USA Online Gamblers. The Best Online Casino with the fastest payouts and highest bonus. Get your Exclusive Bovada Bonus Code now. Up to $4250 in free sign up bonuses. Dont miss out on this limited time special offer.Online Poker, Online Casino and Online SPorts betting all included in this exclusive Bovada Bonus.
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.
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.