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Is Obama Good For Online Gambling ?
In the wake of Barack Obama's victory in the US Presidential elections this week, speculation on Internet gambling websites and message boards has been rife on whether this will mean a more sensible approach to the regulation of Internet gambling in the USA.
Whilst many of the opinions are based on personal views and political perspectives, one hard-nosed business assessment was published by the respected international analysts, brokers and business consultants Merrill Lynch, which encouraged gambling companies by saying that an Obama victory could well lead to more open markets in the US.
"We think it could ultimately pave the way for online gaming regulation rather than prohibition," the broker said, highlighting Democratic moves by Congressman Barney Frank to repeal the Unlawful Internet Gambling Enforcement Act, introduced in October 2006 to prohibit the transfer of funds from financial institutions to internet gambling firms.
"There have been separate acts to legalise internet gambling as well as those that particularly target poker and other games of skill. We think that with a Democrat president and Democrat-dominated Congress, such legislation would likely have a greater chance of being passed through."
The prospect of freer markets across the Atlantic boosted Partygaming by 6.15 percent or 8p to 138p, and 888 Holdings, up 12.46 percent or 9.5p at 85.75p.
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Gambling News :
Is Gibraltar Out of Luck in US Tax Challenge -
Gibraltar's challenge to the UK 15 percent point-of-consumption tax on online gambling operator revenues has already failed in the UK High Court, and it looks as if it may be rejected by the European Court of Justice too.
Quickspin are now available in Denmark -
#quickspin The roll-out strengthens the long-standing partnership between the supplier and the operator, with Quickspin games already available on Vera&John’s websites around the world.
UCypher Launches -
Indian entertainment and media entrepreneur Ronnie Screwvala has announced the formation of UCypher, an eSports tournament in which ten teams will compete.
Extreme Live Gaming In deal With Betsson -
Extreme Live Gaming, a subsidiary of the Novomatic Interactive group, has announced a live dealer product deal with the Betsson online gambling group, with an initial launch planned for Betsson.com, followed by other brands in the Swedish group's portfolio.
Expansion Mode For BoyleSports -
The Bambury premises are situated in Kildare, Meath and Dublin and will be refurbished and rebranded after acquisition, with the total of 31 staff remaining in employment..
Safecharge Q4-2016 -
Online e-cash processing firm Safecharge, where Playtech's Teddy Sagi is a majority shareholder, released a trading update on its Q4-2016 performance Thursday, flagging record transaction processing volumes and revenues.
ASA Most Controversial Ads of 2016 -
Paddy Power's penchant for advertisements that cause a stir saw the betting company mentioned twice in the Top Ten most controversial adverts of 2016 released by the Advertising Standards Authority in the UK Thursday.
Yggdrasi To Enter Italian Gambling Market -
Yggdrasil’s Italian offering will include the company's collection of in-game promotional tools, BOOST, improving gamification, and the social sharing tool, BRAG. The company’s mobile product will also be available on its HTML5 iSense 2 platform.
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