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'S JOCKEY CLUB HEADED OFFSHORE?
Monday September 5, 2011 : Local taxation is hampering competitiveness, says CEO
The ability of the Hong Kong Jockey Club to compete against foreign companies is being impacted by heavy taxation, the CEO of the organisation complained over the weekend, intimating that a move into offshore internet betting may have to be considered.
Chief executive Winfried Engelbrecht-Bresges told the South China Morning Post that the company may be forced to set up an offshore satellite wagering operation to circumvent double taxation issues if it is to take part in overseas betting pools.
"I think we have to forget about commingling beginning during the current season - but we are also getting to the point where it's now or never," he said. "I really hope the government will compromise on the taxation obstacles so we will be commingling by the start of the 2012-13 season."
Commingling is a procedure by which bets placed on one country's racing with an operator in another country are funnelled into the "home" pool where the race is staged.
"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," said Engelbrecht-Bresges.
"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."
Legal betting on Hong Kong racing exists in a number of foreign countries, the newspaper reports, but bets go into small local pools and the Jockey Club receives a 3 percent fee. The club says these pools add up to HK$3 billion to HK$4 billion a year, and believes that would double if wagers went into Hong Kong's more stable "home" pools.
The sticking point is the Jockey Club cut is less than it would receive from a bet sourced in Hong Kong, but the government is not prepared to take less than its usual cut. That renders the process commercially unviable for the foreign operator and the Jockey Club.
Important racing countries such as Australia, South Africa and France have formed relationships around the world, setting the prices and framework for the process.
Earlier this year, Australia's Tabcorp and Phumelela, of South Africa, agreed to set up a global hub, overcoming technological barriers to exchanging bets between different jurisdictions, but also based in a tax haven to enable aggressive pricing. And this development has the Jockey Club worried.
"If we are not part of commingling, then we are rivals and there is a danger the hub will be big enough to start diverting bets from our pools by offering attractive deals to some of our very price-sensitive major customers," Engelbrecht-Bresges said.
"That's when commingling will cease to be an offshore issue, seemingly unconnected to our HK$80 billion Hong Kong wagering business. Then we could find part of that turnover heading offshore to the hub. Our position as a world leader is not in danger now, but it may be in a few years and that would endanger our contributions to the community through taxation and charity."
The last resort, said Engelbrecht-Bresges, would be to set up a Jockey Club base for commingling, outside Hong Kong's jurisdiction and separate it from local operations.
"Amazingly, the end beneficiary of commingling would be the government, which is providing the obstacles," Engelbrecht-Bresges claimed. "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."
The Jockey Club estimates commingling would be worth an extra HK$180 million-plus a year to the government.
Gambling News :
Alegriabet Finally Launches -
Our online betting site will deliver a full, market-leading suite of services including pre-match and live betting as well as virtual sports
International Table Tennis Federation in deal with Sportradar. -
The International Table Tennis Federation (ITTF) has today announced it has signed a brand-new integrity partnership with Sportradar utilising the organisation’s world-leading monitoring, intelligence and prevention solutions to help safeguard the sport against match fixing.
NBA odds on Thunder vs. Pacers Game? -
This Wednesday night in Indianapolis, Paul George is due to play his first game at the Fieldhouse as a member of the Oklahoma City Thunder (12-13 SU, 8-17 ATS). But George might not face the Indiana Pacers (15-11 SU, 16-10 ATS); he’s listed as day-to-day with a right calf contusion. Tip-off is at 7 PM ET on ESPN.
2 New Christmas Slots For Microgaming -
Microgaming’s jolly game additions this December. Microgaming adds two more games to kick off the festive season, in addition to its action-packed Highlander online slot.
SportsBetting Supreme Court Showdown -
Sports Law, Betting and Integrity leaders convene to preview Supreme Court Showdown. Thought leaders weigh in on Christie vs. NCAA (which in January will shift to Murphy vs. NCAA)
NBA Odds: Heat Can Burn Cavaliers in Cleveland -
The Cleveland Cavaliers (12-7 SU, 6-12-1 ATS) may have turned their season around, but they’ve got a challenging matchup this Tuesday against the Miami Heat (9-9 SU, 7-9-2 ATS), tipping off at 7 PM ET on NBA-TV. Miami is 7-4 SU and 6-5 ATS against the Cavs since LeBron James went back to Cleveland in 2014.
Games Concept Day in Malta -
The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.
AFC’s fight against match-fixing -
The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.
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.