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Benefits Of Legal Online Gambling
4/24/10 - It's an all-too-common occurrence in online gambling - players hitting the message boards to complain about no or slow payments by online casinos, and the frustration and anger that this inevitably triggers.
All too often the licensing jurisdiction of the defaulting casino is more interested in taking the licensing fee from the operator than helping players with a problem, although there are notable exceptions to this generalisation.
This week news surfaced of how a regulator should be handling legitimate player complaints, and although it concerned a land gambling dispute it serves to illustrate why U.S. online gamblers would be better protected by regulation than by prohibition.
Case NGC 09-08 was brought before the Nevada Gaming Commission on April 6 this year by the State Gaming Control Board, and accused the Las Vegas casino Fred’s Tavern 2 and its main shareholder, Kurt Schoen, of contravening various sections of regulatory laws relating to prompt payment of patrons and adherence with Gaming Commission requirements designed to protect the players and the reputation of the gambling state.
The action was rooted in a long-running slow-pay dispute involving a player’s $300 which occurred early 2009. The player complained to the Gaming Control Board and Fred’s Tavern was ordered to return his money within the 20 days stipulated by the regulations.
Long story short, it took three different approaches by the authorities between March and August 2009 to finally get the player paid despite “the check is in the mail” and other excuses. But paid the player was.
The casino found to its cost that clashing with the Gaming Control Board and the Nevada Commission is not a smart idea – it was fined $1 000.
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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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