Casino Blog

Here is a piece of info regarding antigua gambling legislation:

Internet gaming facilities are deemed to be financial institutions under the law. They are regulated by the Financial Services Regulatory Authority (FSRC), which gives the internet gaming operators a high level of comfort in the jurisdiction and in the ability to conduct business on a predictable basis. It is useful to take note of the following points:
# A 3% tax is payable by operators on their “Net win” defined as “the difference between the gross stakes laid and the winnings paid out”.
# Operators are entitled to deduct software licensing or software development costs from (a) above, capped at no more than 40% of the Net win for all companies provided claims for the deduction of such costs are accompanied by documentary support evidencing the costs. (more…)

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Following its decision to withdraw previously agreed to online gambling commitments, the United States will face seven compensation claims from World Trade Organization members, under WTO rules.

The Casino City Times news website reported this morning that official claims had been lodged by Antigua and Barbuda, the European Union, India, Costa Rica, Canada, Macau and Australia. The claims have been made in response to the US deciding to exclude online gambling from its 1995 General Agreement on Trade in Services (GATS) schedule, after losing their appeal over a WTO decision after Antigua claimed the US had broken their agreement in regards to online gambling. (more…)

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The European Commission will this week officially censure France, Sweden and Greece over their protectionist policies to relating to gambling, the Online-Casinos website reported today.

Last year, the EC initiated infringement proceedings under Article 226 of the Treaty on European Union against seven EU member states over concern their policies towards the gambling industry were protectionist in nature. The EU member states being investigated by the EC all had state-sponsored gambling monopolies whilst at the same time preventing privately-owned gambling companies from operating freely. This is a clear violation of EU rules governing the free movement of trades and services.

The EC CasinoRoom $100 bonus has made their position abundantly clear: as an EU member state, you do not have to allow gambling in your country, but you cannot run a state gambling monopoly and prevent other European gambling companies from providing competition.

The European Court of Justice (ECJ) has already ruled in favor of a private bookmaking company operating in Italy without an Italian license. However, the men had a UK gambling license, and the ECJ ruled their prosecution by Italian police was not compatible with EU laws.

The ECJ could be where France, Sweden and Greece eventually end up if they ignore this week’s European Commission warning. The Online-Casinos source said the EC will be given final warnings to Paris and Stockholm on Wednesday before taking them to the European Court of Justice.

The EC also has proceedings underway against Austria, Denmark, Germany, Hungary, the Netherlands, Italy and Finland.

With the EC on the warpath against countries who appear willing to thumb their noses at EU free trade laws, state-sponsored gambling monopolies in Europe appear to have only a limited lifespan.

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Technorati Profile

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oh, casino employees work at night and they got their own jackpot to win…:::

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$50,000 have been recently stolen from one of Macao casinos.

Casino employees who worked that day are under suspicion as 50,000 Hong Kong dollars egual to 6,250 USD dollars had disappeared from their casino rooms.

Security cameras records were carefully examined and as a result a 38 years old woman was arrested. Police conducted a search in her house and found cash which could had been exchanged for those stolen chips. Investigation to be continued….

I’m just thinking, how can be online casino robbed if it got all the data encoded…. :)) do you know the answer?

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I spent some time last Friday night in one of Minsk’s casinos.

cant say I enjoyed it. I’d better play online. Too many stupid girls-croupier around, too many foreigner with chips. too complicated to get 10$ winning amount.

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First let us think what is problem gambling:
Problem gambling is gambling that is done excessively and negatively affects other areas of a person’s life, such as their physical or mental health, school or work performance, finances, and/or interpersonal relationships.

People with gambling problems often bet with money they can’t afford to lose, max out their credit cards, borrow money in order to gamble, and do other things that compromise their personal values. Despite these negative consequences, they may deny that they have a problem, continue to chase losses, neglect family, friends, work, and even their own self-care (they may not eat or sleep properly, for example, or care about their physical appearance). Problem gambling can affect anyone regardless of age, gender, race or social status. (more…)

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Viaden Media game production company which offers high quality gambling software: online casino software for sale and online poker software for sale are now on Forbes, Hoover’s and Quote pages!

Viaden Media seems to be very prospective and future orientated company trying to use high technologies in all its projects development processes. Well, their PR methods work!

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The Ministry of Information and Communication announced yesterday it will toughen monitoring measures on online gambling.

The ministry said it will work with related government agencies, including the Ministry of Culture and Tourism, the National Police Agency and the Information and Communication Ethics Committee, in a crackdown on online gambling, which is illegal in Korea.

The Ministry of Culture and Tourism, which recently revised the Game Industry Promotion Act to ban currency-trading websites, will toughen the Game Rating Board’s screening process when approving a game site, the Information Ministry said.

The National Police Agency recently reported that the number of online gambling sites that it asked the ethics committee to block surged to 291 as of late May from 76 last year.

“Illegal online gambling sites sign up members through a secret IP address at a specific time. And such sites are hard to find because they are increasingly good at evading IP tracking,” said Lee Tai-hee, director of the information safety team at the Information Ministry.

The ethics committee, which has authority to ask local network providers to block illegal websites, will request police to investigate three local online gambling sites and block 21 currency-trading game sites that were recently uncovered, the Information Ministry said.

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