Category ‘Gambling news’

Online bookies accused of exploiting loopholes by moving offshore

The UK media is speculating that a clash between bookmaking firms and the horseracing industry may be imminent over falling income from the levy paid by bookies to support the British horseracing industry.
The industry is concerned at last years 20 percent decline to GBP91.6 million in the levy paid by bookies, which is based on [...]

Sunday off for poker survivors

Sunday was a much-appreciated rest day for the survivors of the first six heats – Day 1a to 1d and Days 2a and 2b – in the main event of the 41st World Series of Poker.
The 2a and 2b survivors combine into one field for the first time Monday afternoon for Day 3 action.

Federal Reserve extends UIGEA deadline

Last week, the US Treasury and the Federal Reserve, the agency in charge of banking regulations, stated that they would extend the deadline that member banks had to meet to comply with regulations under the Unlawful Internet Gambling Enforcement Act (UIGEA). When the legislation passed in 2006, the deadline was set for 1 December 2009. [...]

Talks to Regulate Online Poker Show $90 Million in Taxes

As the reality of the recession hits the state of Florida and its constituents, lawmakers review report findings that show tempting benefits of legalizing online poker in the state. The dramatic shift in how Florida would view the increasingly popular pastime, would reap over $90 million via regulation and taxation.
Currently, the Florida Office of [...]

Playtech Poised to Launch French Online Poker Network

Anticipating liberalized online gambling laws in France, leading European online casino and poker room software developer, Playtech, has announced plans to open a stand-alone internet poker network targeting the French market. As revealed to EGR Magazine, Playtech’s CEO, Mor Weizer, said the company is making plans so that they are ready to start doing business [...]