- Gambling News
24 May 2010The Great Debate: How To Tax Online Casinos?
If nothing else, the debate over whether or not to regulating online gambling, has a new, somewhat hurried, question. That question has changed from “do we really want this?” to “how can we best do this and get the greatest windfall?”. To get there from here is going to be testy. On Wednesday, the House Ways and Means Committee heard evidence, pro and con, on how to raise money from online gambling.Read full article
22 May 2010US Land Based Casinos and Foreign Online Casino Operators Getting Friendly?
Foreign online casino operators, the historic enemy of the US land based casinos, are getting all friendly like towards the US casinos. The new turn of attitudes is likely based on the billions of dollars up for grabs if and when the US legalizes and regulates online gambling. When the licenses go up for grabs, it will be beneficial for the foreign operators to have alliances in place with land based casinos in the US.Read full article
21 May 2010Oregon Rep. Changes Stand On Online Gambling
Oregon Representative Earl Blumenauer issued a statement after Wednesday’s Ways and Means Committee hearing on Jim McDermott’s bill, stating that he was wrong to oppose online gambling and that he had learned that it was hypocritical to oppose it. He also cited the continual need for good sources of revenue. He said he no longer wished to restrict United States citizens from playing at online casinos.Read full article
21 May 2010Rep Frank Hopes To Bring Gambling Bill To Floor This Year
Rep. Barney Frank, the Chairman of the House Financial Services Committee has said that he plans to bring his bill legalizing online gambling before his committee in July and hopes to have it passed by the House this year.Frank testified before the House Ways and Means Committee on Wednesday in support of a bill by Rep. Jim McDermott, which sets up a framework for taxing online gambling. The committee was hearing evidence for and against such a proposal.Read full article
19 May 2010House Committee Hears Tax Proposal on Online Gambling
The House Ways and Means Committee held a hearing today on the tax proposals related to Internet gambling. According to Ways & Means Committee Chairman Sander Levin (D-MI), this was not a hearing about the legality of online gambling but, “We meet today to explore the tax implication and proposals to legalize internet gambling. We need to get a sense of the size and scope of this emerging market which is almost exclusively conducted today outside the United States.Read full article
19 May 2010Microgaming Coming to State Lotteries through Betware
An agreement has been reached between Betware and Microgaming where as Betware will now be licensed to sell and market the Microgaming online casino games to lotteries at both the state and national level. Betware is a gaming and solution services vendor that started in 1996 and based in Iceland. It also has established regional offices in Denmark, Spain, Poland and Canada. The company boasts on its website it is “all a lottery or gaming company needs”.Read full article
19 May 2010Congress To Alter US Online Gambling Laws?
On Wednesday, the House Ways and Means Committee will hear a proposal from Rep. Jim McDermott. His proposed legislation sets up a system to tax internet gambling. This legislation goes hand in hand with Barney Frank’s proposed legislation to overturn UIGEA (the Unlawful Internet Gambling Enforcement Act) and to also set up a system for regulating internet gambling.Read full article
19 May 2010Ireland To Offer Regulated Online Gambling
With Ireland’s horse racing industry struggling in the current economic downturn, Brian Cowen, the Irish Head of Government, stated that he is looking to regulated online gambling as his solution to helping the racing industry. “This will have the additional benefit of facilitating the extension of the tax regime for the betting industry to all those providing online and telephone betting and so underpin funding for the racing industry”, said Cowen.Read full article
17 May 2010PPA Again Petitions To Have Poker Exempted From UIGEA
John Pappas, Executive Director of the Poker Players Alliance (PPA), has once again petitioned Treasury Secretary Tim Geithner and Federal Reserve Chairman Ben Bernanke in an effort to have poker exempted from UIGEA’s oversight. The petition is also signed by 22 members of Congress.Read full article
17 May 2010Microgaming Is Migrating all US Players
Big announcement! Starting June 1, 2010, casinos operating on Microgaming software will stop allowing US players to play in their casinos.An agreement has been worked out with a new casino called CasinoShare US. This casino is launching on May 17, 2010 and is aimed specifically at providing United States players a site they can play at.IF you have ever played at Microgaming’s Players Palace casino, then CasinoShare US will be mighty familiar.Read full article