Archive | Online poker

Not All States See Online Gambling as a Tax Revenue Goldmine

Not All States See Online Gambling as Tax Revenue Goldmine 300x197 Not All States See Online Gambling as a Tax Revenue GoldmineWhile some states are considering ways to implement regulated online gambling, other states firmly oppose the addition regardless of its potential tax revenues. In a recent article on PokerUpdate, survey results were shared for “likely voters” in South Carolina.

South Carolina is a conservative state, so the comparably conservative findings were not a surprise. Nonetheless, of the 1,000 “likely voters” surveyed, online gambling was opposed by 68%. A similar survey by Palmetto Politics found that 15% surveyed were still undecided, while only 17% supported the idea of legal, regulated online gambling within the state.

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Online Platform Begins Tracking Online Poker, Blackjack Tournaments

Online Platform Begins Tracking Online Poker Blackjack Tournaments Online Platform Begins Tracking Online Poker, Blackjack TournamentsThere’s a new place to turn for individuals (at least those residing in Europe) wanting to monitor popular online poker and blackjack tournaments.

Best of all, you won’t have to stray very far to do it.

Gambling.org’s online guide catering to all things online gambling — online.Gambling.org — is now tracking popular tournaments taking place within regulated European markets.
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A Risky Move In Hopes Of a Major Surge In Legalized Online Gambling

A Risky Move In Hopes Of a Major Surge In Legalized Online Gambling 300x265 A Risky Move In Hopes Of a Major Surge In Legalized Online Gambling David Baazov of Amaya Gaming Group, Inc. has just made a risky move with his $4.9 million acquisition of online gambling sites PokerStars and Full Tilt. The 33-year-old Canadian has been supplying his software and technology to the online gambling industry for years. And now he wants a bigger slice of the pie.

Currently only 3 states in the US have legalized online gambling, but several more are giving it serious consideration. Although the vast earnings potential is there, Baazov has taken a huge risk by acquiring such significant debt.

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Online Poker Expected To Return In Russia

Online Poker Expected To Return In Russia 300x186 Online Poker Expected To Return In RussiaIn 2007 the Sports Ministry in Russia registered poker as a “sport,” but in 2009 removed poker from the registry because poker clubs began taking advantage of the newly dubbed sport by operating illegal casinos.

This included a ban online poker.

However, after careful consideration, Russia is now thinking about lifting the ban on online poker due to the estimated 5 billion rubles ($146 million) it stands to generate annually in taxes. These taxes would be generated both from the online casinos, and from the winnings that players are paid out.

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Online Poker Makes Its Way To The Utah Border

Online Poker Makes Its Way To The Utah Border 300x191 Online Poker Makes Its Way To The Utah BorderIt’s no surprise that Nevada proved an early pioneer in legalized online gambling, as it is already the undisputed gambling capital of the country. Since 2013, provisions have been made in regard to intrastate gambling, and Peppermill Resort in Northern Nevada decided to be the first to offer online poker along the state’s border.

They partnered with Las Vegas-based Ultimate Poker and allow Utah residents to visit 5 of their hotels along Interstate 80 near to make live deposits, which then allow them to play online poker with the money they have deposited, even when they return to Utah. The key, however, is that they must deposit funds in Nevada prior to playing online in Utah—and once they run out of online funds, they must return to Nevada to deposit more in order to continue playing online.

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Proposed Online Gambling Changes In Ireland May Provide a Viable Model for the U.S.

Proposed Online Gambling Changes In Ireland May Provide a Viable Model for the U.S. 300x162 Proposed Online Gambling Changes In Ireland May Provide a Viable Model for the U.S.The Irish Betting Amendment Bill was recently submitted to the European Commission (EU), and is expected go into effect by the end of the year. It takes and average of 90 days for Bills to be confirmed and a bit longer to implement.

The proposed amendments would require licensed casinos to pay a 1% tax on all revenues and a 15% tax on all bets. What is important to keep in mind is that Ireland allows casinos outside of the country to acquire licensing so casinos that operate in multiple countries around the world will have different tax obligations for each country.

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Online Gambling On The Decline In Spain—Or Is it?

Online Gambling On The Decline In Spain—Or Is it Online Gambling On The Decline In Spain—Or Is it?While online gambling has been available for many years, it has only been legal in Spain since 2011. When Spain legalized online gambling, gamblers were only allowed to gamble on regulated online casinos that could be identified by having a “dot-es” domain.

While the goal was to make regulated online casinos easy to identify, a recent study conducted by the CODERE Foundation in Madrid indicates that 43% of online poker players in the country continue to play on non-regulated (aka. non-dot-es) websites.

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New Partnership Aimed at Boosting the Success of Regulated Online Gambling

New Partnership Aimed at Boosting the Success of Regulated Online Gambling 300x226 New Partnership Aimed at Boosting the Success of Regulated Online GamblingWith casino marketing increasingly becoming a cross over phenomenon in both the worlds of online and physical gambling, new partnerships are being forged across the gaming landscape that illustrate this burgeoning trend.

Poker Night in America has just partnered with 888poker in what amounts to a unique sponsorship agreement. The target audience will be online gamblers in the US who enjoy watching televised gambling.

The All-American Poker Network (AAPN) is known for its success with marketing gaming, leaving high hopes for this to translate well into the world of online gambling too. The presence of televised marketing of online gambling brings with it both increased cross-platform marketing opportunities and also speaks to the wants and needs of the growing televised gaming audience.

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Crackdown Continues on Off-Shore Gambling

Crackdown Continues on Off Shore Gambling Crackdown Continues on Off Shore GamblingEach state that has legalized online gambling is cracking down on off-shore infringement. This is due to concerns of lost revenues as well as concerns for consumer safety. However, it is more than just off-shore gambling that is of concern, but also for off-shore casinos who design their online gambling sites to look as if they are associated with well-established live and online casinos.

In a recent announcement, the Las Vegas Sands shared that they are suing 35 Chinese web domains on multiple counts, including trademark infringement, false designation of origin, and common law unfair competition. This will be a Federal lawsuit processed through the United States District Court for the District of Nevada.

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Online Poker Hasn’t Cannibalized Vegas Casinos

Online Poker Hasn’t Cannibalized Vegas Casinos Online Poker Hasn’t Cannibalized Vegas CasinosWith Nevada being the leader of the pack when it comes to brick and mortar casinos, some worried that legalizing online gambling in the state would not generate substantial revenues because locals would rather venture to Las Vegas casinos instead of gaming remotely or from the comfort of their own homes. However, now that the latest online poker numbers are in (for May 2014), it is clear that online gambling is proving to be quite substantial.

The Nevada Gaming Control Board releases revenue data to the public on a monthly basis, and showed that in the month of May online poker contributed an impressive $862,000. While this is only a small portion of the over $970 million generated from live gambling curing the month of May, it was an increase of almost 9%.

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