Casino Blog

After approximately two decades after the first casino started its business in Russia, Russian government has banned gambling across most of its territory forcing casino owners drive the industry underground. All casinos and slot-machine halls are outlawed from the day the ban has come into effect in June 2009. With the exception of four far-flung special zones, no gambling is now allowed across the Russian Federation.

An unjust and ill-thought out carpet ban on casinos has resulted in people seeking an alternative! (more…)

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Kentucky, a haven for gamblers who want to bet on horse racing, has hit a setback in its efforts to stop unregulated online casino gambling. In a 2-1 ruling Tuesday, the Kentucky Court of Appeals said the state does not have the jurisdiction to seize 141 online casinos’ Internet domain names in an effort to keep them from operating in the state. The ruling also said a Franklin Circuit Court judge cannot hold further hearings on the issue. “This is a tremendous victory for Internet freedom and the rights of Kentucky residents who enjoy playing online poker,” said John Pappas, executive director of the Poker Players Alliance, in a statement. It has been estimated that about 13,000 Kentuckians play the online casinos. Jay Blanton, a spokesman for Gov. Steve Beshear, said the state did not receive the ruling until late Tuesday. “We want to take some time to review it. No decision has yet been made on whether to appeal it to the state Supreme Court,” Blanton said. (more…)

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Barney Frank – the chairman of the US Financial Services Committee – has introduced a bill that would legalize and regulate online gambling in the country. The bill is called the Internet Gambling Regulation, Consumer Protection, and Enforcement Act of 2009 (IGRCPEA). Though this new law can be considered similar to Frank’s previous bill called Internet Gambling Regulation and Enforcement Act of 2007, it is a more through carefully worked out law, where the main emphasis is laid on customer protection. This emphasis can convince oppositionist of online gambling legalization of the necessity of adopting the bill. The viewpoint of the previous law opponents was based on the children and problem gamblers concern. But the additions to the newly created bill carefully stipulate those controversial aspects.

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Due to its strong legislative framework the Isle of Man gambling jurisdiction has always been considered a model for all legal bodies that have a right to issue online gambling licenses. Licensing of online gambling businesses is controlled by the department of Trade and Industry, thus, ensuring fair work of online gambling business operators.

Notwithstanding its being a trustful leader, the Isle of Man jurisdiction claimed to introduce new rules and regulation standards to the e-gaming licensing process and further-going control over the licensees. (more…)

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Last hours of 2008 online I spent searching for something interesting related to the poker industry impact on world economy. Here is what I found: lately Swedish Lund University is about to start a special reserch programm to learn the way the Internet affects teens’ life in Sweeden.

MySpace, The Pirate Bay and the Svenska Pokerförbundet (swedish poker association) are partners of the University according to this research plan, which consists of in-depth interviews with teens.

Questions regarding students’ attitudes and habits related to such activities as placing images in the internet, playing online poker and data sharing. It is believed by researchers that processes in the internet differs a lot from those in a regular traditioanl society, developing youth people views on virtual ownership rights, money things and privacy protection. The researchers plan to compare results in Sweden and other European countries and to learn how other countries handle regulations in the Internet.

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There is no doubt that 2008 year was very exciting in gambling industry.

In brief:

Jackpots
In August 2008, one lady from Canada won stratospheric platinum when she won the Beach Life Progressive Jackpot at Joyland Casino. When the slots stopped spinning, she was surprised to see that her winning had racked more than 4mln USA dollars.

Business
Casino operators and affiliate programs: people who think up those promotions we constantly seek – have also made some major moves. (more…)

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It is not easy to do business these days. But I think that we shouldn’t say crisis! We’d better call this time “TIME OPENED FOR NEW ENHANCED OPPORTUNITIES”. Recent events in Gambling industry life proves that I’m absolutely right.

Global Gaming Expo, held November 18-20th, 2008 , at the Las Vegas Convention Center showed no depression. “While it’s true that the current economic downturn is a challenge the likes of which our industry has not seen before, the positive feedback we have received from our exhibitors and attendees is evidence that G2E 2008 has been a real success story,” said Frank J.Fahrenkopf, Jr., president and CEO of the American Gaming Association. And that’s true: G2E 2008 attracted a total of 724 exhibitors, including 117 exhibitors from countries outside the U.S. A significant increase in international attendance, attracting 3,901 attendees from 89 different countries, an increase of 11 percent over 2007 international attendance numbers, have been seen. This year’s attendees came from Austria, Belgium, Brazil, Canada, Chile, China, Ecuador, Finland, Hong Kong, India, Ireland, Latvia, Malaysia, New Zealand, New Zealand, Norway, Poland, Portugal, the Russian Federation, Singapore, South Africa, Taiwan, Turkey, the United Kingdom, and others.

So, as far as you can see, gambling industry is one of those which are trying to obtain as much as possible from the situation we have. Keep faith!

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In June of 2003 Antigua and Barbuda initiated the dispute process of the World Trade Organization against the U.S. Antigua argued that the U.S.’s restrictive Internet gambling policies constitute a violation of an international pact called the General Agreement on Trade in Services (GATS). The compliance deadline of April 3, 2006 passed without any U.S. action. In fact, U.S. legislators actually worked to pass contrary legislation and were eventually successful in passing a bill aimed at prohibiting online gambling altogether in September of 2006.

In November of 2004 a WTO dispute panel ruled that the U.S. does indeed give preferential treatment to its domestic remote gambling operators in violation of the GATS. Following an appeal by the U.S., the Appellate Body of the WTO issued a similar ruling in April of 2005. The U.S. was then given a one-year period in which to bring its laws into conformity with the GATS, which it could do either by giving Antiguan operators access to the U.S. market or by shutting down its domestic remote horse race wagering operators. (more…)

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Online Casino Suite continuously monitors online casino activity, and provides the following list in our commitment to provide a directory of certified, quality online gaming. Please check this list before engaging in a contract with any online gaming property!

The properties on this list have been added for various reasons, including nonpayment of player winnings, corrupt software resulting in fixed percentage payouts and non-random gaming, copyright and/or licensing violations, lack of security with private and financial information, shared databases, and non-response to inquiries. (more…)

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A new study of the worldwide gambling market by advisor Marco Felice Baranzelli expects that online gambling is going to present higher average yearly increase to 2012 than its land corresponding.
Baranzelli states that the worldwide gaming market’s total gaming yield for 2007 hit $ 328.5 billion, maximum of US$ 309.6 billion in 2006. In year 2008, online gaming, such as online lotteries is expected to represent just 4.8 % of the whole. (more…)

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