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MORE SUPPORT FOR LEGALISED ONLINE GAMBLING
Thursday August 18,2011 : New York Observer nails its colours to the mast
The growing number of media calls for legalised online gambling at state level has been augmented by the New York Observer this week. In an op-ed article, the newspaper asserts that legalising online gambling Is a good bet.
"Taxing winnings just might help solve some of the state's revenue problems. Let the games begin!" the editorial exhorts. "It’s no secret that local and state governments are starved for revenue. Fortunately, most have avoided broad-based tax increases that kill economic growth and the jobs that come with it. But governments have been less wise and less creative when it comes to producing new revenue streams."
The piece goes on to point out that regardless of bans, Americans like to gamble online and continue to do so. Other states are acting on this demand, with an eye on raising tax revenues from the pastime, and so should New York.
"Governor Andrew Cuomo reportedly is looking into an expansion of gaming in New York, while some states are studying Washington D.C.’s recent legalization, a move that has produced a [possible] extra $9 million in yearly revenues for the city. That’s all good, because right now countless millions are being spent at the federal level in a vain attempt to crack down on on-line gambling.
"It’s a lost cause, and it’s time that governments at all levels recognize—and profit from—reality. People are going to gamble. Either governments can waste resources trying to suppress this activity, or they can legalize it and get a piece of the action. "It is important because the state needs creative solutions to its revenue issues. The state constitutional ban on [online] casinos is out of date. Let’s get rid of it."
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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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