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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 The state constitutional ban on [online] casinos is out of date.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 :

IGT Continues Partnership with Coljuegos EICE - IGT will continue its 16-year partnership with Colombian administrative gaming authority Coljuegos EICE following a public procurement process for a five-year private operator contract to run the draw-based online lottery game Baloto.

Magic Spells SLot Launches - The penny slots’ Wild symbol is a bubbling cauldron which is an Expanded Wild that can cover up to four positions for multiple winning combinations.

Mega Moolah progressive jackpot slot was hit for Euro 6,078,249.33 - Identified as N.C., the player was a novice who signed up to the online casino on a new customer bonus offering 100 chances to become a millionaire for Euro 5.

Lightning Box Games in Deal With Everi Games - Australian slot developer, Lightning Box Games, has entered into a distribution deal with electronic gaming content provider, Everi Games, for a selection of its proprietary slot content.

Storspiller HighRoller Casino Launches - Storspiller.com is targeted at “high rollers” within Kindred’s total registered customer base who play for GBP 200 or more per month.

Another Attempt to Acquire Tatts - The surprise A$8.4 billion bid for Tatts late last year by the Pacific Consortium caused some consternation in the Tabcorp and Tatts boards, which were in merger talks but these concerns faded following Tatts rebuff of the consortium's offer

US Supreme Court Interested in NJ SportsBetting Case - The US Supreme Court, which is for the second year mulling whether to hear New Jersey's case for wider legalized sports betting in the United States ) has showed some interest in the case.

Ladbrokes Trading Update - The Ladbrokes Coral plc online and land gambling group has released a trading statement for the unaudited year to 31 December 2016, reporting:

Leovegas Player Wins a BMW X4 - A 23-year-old Southampton University student identified only as Leo has won a GBP 50,000 BMW X4 sports saloon car playing NetEnt's Live Casino Roulette on the Leo Vegas mobile gambling,site.

New Survey on Europe Online Gambling Regulations - The companies delivered their conclusions, which include both EU and European Economic Area technical regulations, this week.

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