Gambling is one of the few industries that shaped as much by political forces as it is by economic forces. That's why the upcoming national and local elections in the United States incredibly important everyone in iGaming, whether they're in the US or not. Because there are so many angles to the politics of gambling,…
[caption id="attachment_28841" align="aligncenter" width="425" caption="Countries in EU must comply to National Gaming Laws"][/caption] EC Commissioner Michel Barnier states that EU countries must comply with EU National laws now. As each country joins in the online gaming this will have to be a "prerequisite of a successful EU policy on online gambling". Others agree, as the (EGBA)…
[caption id="attachment_27968" align="aligncenter" width="425" caption="Greece Gets Much Needed Extension On OPAP Monopoly"][/caption] Good news for the Greek government. The European Commission has given them approval to extend their betting monopoly as being offered in the tender for its 33 percent stake in the betting business OPAP SA. The EU commission has ruled that an “adequate…
Nederlands government officials are readying a draft set of gaming laws that could be released early year. According to a recent article, the Dutch Ministry of Justice has been working furiously to get the, oft-postponed, new regulations in place. While the various factions of the Dutch political parties hash out their differences, igaming businesses are…
When politicians talk about online gambling, they're not fishing for votes from the public; they're fishing for campaign contributions from the casinos. That's the conclusion of a very interesting Las Vegas Sun article on campaign finances and the gaming industry by Karoun Demirjian. [caption id="attachment_27605" align="alignright" width="270" caption="Nevada Senators Reid and Heller, at your service."][/caption]…
The Department of Justice is hanging on to $66 million in funds it received from its recent settlement with PokerStars in the Black Friday case. The money is being set aside in case of further claims from the State of Kentucky and CardRoom International. Both Kentucky and CardRoom International filed claims on the settlement that…
[caption id="attachment_26897" align="aligncenter" width="425" caption="Greece places gaming company on the block to raise cash for EU"][/caption] The Greek government has begun the process of selling of its monopolistic stake in gaming entity OPAP in its revised initiatives to privatize the company so that it can deflect the ongoing scrutiny it receives from the international lenders.…
[caption id="attachment_26912" align="alignright" width="225" caption="Reid's bill is far from becoming a law."][/caption] A draft Federal online poker bill circulating on the Internet shows exactly how the US Government would like to regulate iGaming. The Internet Gambling Prohibition, Poker Consumer Protection and Strengthening UIGEA Act of 2012 is far from becoming an actual law, but is…
[caption id="attachment_26717" align="aligncenter" width="300" caption="Reid and Kyl just can't get it done."][/caption] Will the Federal Government ever make headway on a definitive Internet Poker Bill? If a recent spat between Arizona and Nevada Senators is any indication, the answer is an emphatic no. The brouhaha is reported in detail in a recent Las Vegas Sun…
Do you know where Barack Obama and Mitt Romney stand on the subject of online gambling? Even if you watched all the primary debates and campaign speeches, you still might not have a very good idea. Even though iGaming has the potential to raise billions of dollars in tax revenues and is enjoyed by millions…
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