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Online Gambling Giants in an Empire State of Mind

Online Gambling Giants in an Empire State of Mind 300x300 Online Gambling Giants in an Empire State of MindMany states are still weighing the pros and cons of legalizing online gambling, the state of New York is one of them. With nearby New Jersey having already legalized online gambling, many New Yorkers wish they had the same privileges as their Garden State neighbors.

It is estimated that residents of the state of New York already spend around $110 million per year in illegal online poker. If illegal gaming is transferred to legal gaming, it could generate an additional $50 million or more each year in gambling tax revenue (and this number does not include tax revenue generated by new online gamblers).

Not surprisingly, the big boys of the gambling world are now in an Empire State of mind.

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PokerStars Finds a Potential ‘In’ Back Into The US Online Gambling Market

PokerStars Finds a Potential In Back Into The US Online Gambling Market PokerStars Finds a Potential In Back Into The US Online Gambling MarketPokerStars is a globally recognized online gaming giant that dominates 54% of the global online gambling industry.

In an unexpected move, Amaya Gaming Group acquired PokerStars, a strategic move to consolidate the online and live gaming industry.

The acquisition did not come cheap at $4.9 billion dollars. And while PokerStars comes with global online gambling brand recognition, they also come with some baggage.

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New Jersey Gaming Industry Needs Skilled Mobile Gaming Developers

New Jersey Gaming Industry Needs Skilled Mobile Gaming Developers 300x198 New Jersey Gaming Industry Needs Skilled Mobile Gaming DevelopersOn Wednesday, New Jersey’s Division of Gaming Enforcement confirmed that New Jersey’s casino industry had a rough September.

With revenue slipping and online gambling still under-performing expectations, some are saying its time to more enthusiastically embrace the mobile age and its most talented gaming developers.

“New Jersey’s gambling regulator is considering proposals for adding skill-based social games, like Candy Crush, at casinos in the state in an effort to revive the flagging industry,” Bloomberg is reporting.
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Is Canada Poised to Lead Online Gambling’s Growth Across North America?

Is Canada the Leader in Online Gamblings Growth Across North America 300x194 Is Canada Poised to Lead Online Gamblings Growth Across North America?If you’re a supporter of the growth of online gambling across North America, this will come as good news. Of course, if you’re an opponent… blame Canada.

VCN Publishing reports this week that Canada is quickly becoming a hot startup home to a rapidly growing online activity.

“It’s one which enjoys growth in the region of 7-10% annually, with a global market value estimated at EUR21 billion (CAD$30 billion),” the official release explains. “What is it? Online gambling. These days, online doesn’t have to mean desktop computer, the gambling industry points out that the major trend is toward mobile and social gambling.”

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PokerStars Prepares UK Gamblers For The Upcoming Changes To Online Gambling

PokerStars Prepares UK Gamblers For The Upcoming Changes To Online Gambling 300x177 PokerStars Prepares UK Gamblers For The Upcoming Changes To Online GamblingThe Gambling Licensing and Advertising Act 2014 is soon to go into effect in the UK, and online poker room PokerStars is taking a proactive approach by letting gamblers know what to expect ahead of time.

When new and existing gamblers login to PokerStars, they will be met with a memo that helps them understand the new law and how it applies to them.

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GeoLotto Bounces Back… and Possibly Headed for U.S.

GeoLotto Bounces Back… and Possibly Headed for U.S. 300x272 GeoLotto Bounces Back… and Possibly Headed for U.S.News from across the pond indicates that GeoLotto has been redesigned, rebranded, and has been remarketed for the country’s geography.

According to published reports, Geonomics has re-launched its flagship GeoLotto.com following last year’s rebranding.

The new effort will focus on augmenting the firm’s location based offerings.

GeoLotto is a game that allows people to purchase geographic locations online using the Google Maps program and then enter them into a lottery.

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Online Gambling Gets a Tax Break Thanks to the European Union

Online Gambling Gets a Tax Break Thanks to the European Union 300x224 Online Gambling Gets a Tax Break Thanks to the European UnionAs of September 29, 2014, the Court of Justice of the European Union (CJEU) has ruled in favor of differentiated tax rates for online gambling. This differentiated tax rate would remain at 15% for all European online gambling sites.

For the European gambling market, this is a big change. Additionally, according to cardschat, “its far-reaching implications for the online gambling industry are actually quite substantial.”

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Delaware’s Online Gambling Numbers Remain in Check While Nevada’s Folded in August

Delaware’s Online Gambling Numbers Remain in Check While Nevada’s Folded in August 300x168 Delaware’s Online Gambling Numbers Remain in Check While Nevada’s Folded in AugustSummer is over and Delaware’s online gambling numbers have remained the same.

According to Casino.org, “Delaware online gambling revenues remained almost exactly the same in August as they were in July, rising 0.2 percent month-over-month.”

On the contrary, Delaware’s online poker numbers have gone up significantly. In fact, Delaware’s online poker market “saw their revenues increase by 23 percent as the market continues to bounce back from its summer lows.”

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Steve Wynn Still Not In Favor of Online Gambling

Steve Wynn Still Not In Favor of Online Gambling 231x300 Steve Wynn Still Not In Favor of Online GamblingIf you were among those hoping that Steve Wynn would change his stance on online gambling… you will just have to keep hoping.

Having just come from Global Gaming Expo 2014 (G2E), things did not look probable that Wynn would change his mind.

According to Bluff, they felt Wynn’s position after his panel “could best be termed as unpromising for iGaming advocates, as he continues to move closer and closer to Sheldon Adelson’s stance on iGaming, and further away from the position of quasi neutrality he seemingly adopted earlier this year.”

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Gambling Licensing and Advertising Act Now Delayed Until At Least November 1st

Gambling Licensing and Advertising Act Now Delayed Until At Least November 1st 300x199 Gambling Licensing and Advertising Act Now Delayed Until At Least November 1stThe Gambling Licensing and Advertising Act was set to commence in the UK on October 1st, but the UK Gambling Commission (UKGC) has had to delay legislation due to an accusation from the Gibraltar Betting and Gaming Commission (GBGC).

Gibraltar is challenging the UKGC, claiming that the new legislation is not being put in place for consumer protection but only as a way to generate additional revenue.

On top of the initial £19,500 online casinos must pay for their new license, they must also pay an annual fee of £118,000. In addition, they will be subject to a 15% Point of Consumption tax.

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