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.
HONG KONG JOCKEY CLUB CONSIDERS OFFSHORE OPERATION
Sunday September 3, 2011 : Reluctant possibility driven by unyielding Government taxation rate
The Hong Kong Jockey Club's strategy to partake in overseas betting pools is being severely restricted by its Governments taxation rate, pushing the company into reluctantly considering, as a last resort, setting up offshore commingling separate from its local operations, according to a report in the South China Morning Post.
Commingling is the practice where bets placed with foreign operators' are channelled into a "home" pool where the race is physically run. Both operators share a percentage of the bets earnings and each complies with its own Government's requirements.
Legal betting on Hong Kong racing is active in a number of foreign countries but the bets are channelled into small local pools of which the Jockey Club receives a three percent cut. The Club believes that a more stable home pool would double the take from the small pools to between HK$6 billion to HK$8 billion per annum but the Government is unprepared to compromise on its tax cut, making the process commercially unviable.
Winifried Engelbrecht-Bresges, chief executive of The Hong Kong Jockey Club said: ""We don't have any plan to go offshore at this stage, but it is something we would have to consider if we do not get action soon.
"We have huge illegal exchanges operating just outside our door, and with other countries banding together in a commingling hub to take legal bets between different nations, the external forces on all sides are building up and we are going to be shut out. We don't live in a vacuum - ultimately, these operations can endanger our business right here."
The Government's stance is surprising considering that The Jockey Club estimates that an additional HK$180 million would make its way into the Government's coffers should the practice become commercially viable.
"Amazingly, the end beneficiary of commingling would be the government, which is providing the obstacles," Engelbrecht-Bresges said. "In our increased simulcasting of overseas races, for example, the government, and therefore the community, has benefited by more than HK$150 million, the Jockey Club by around HK$10 million after we have paid all the expenses involved."
Gambling News :
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
Pokerstars Pulls Out Of Coloumbia -
Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.
The Railbird Launched By Americas Card Room #acra -
Watching your friends conquer the tables just got a whole lot easier. Americas Card Room recently launched its industry-first Player Observer Tool dubbed “The Railbird”, a new feature that allows players seated at Americas Card Room tables to instantly share a live stream of their action with friends.
Huge Caribbean Hold’Em hit at Bovada Casino -
A progressive jackpot strikes again! This time it was at Bovada Casino, where a Texas player landed the top hand playing Caribbean Hold’Em over the weekend. A grand total of $119,348 was collected from the poker-inspired table game.
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.