• With the recent election of Donald Trump as the President of the United States, the future of online gambling in the U.S. is sure to come under scrutiny. Adding fuel to the fire is his possible appointment of […]

  • ThumbnailThe American Gaming Association (AGA) is going to pull out of the debate on online gambling, reportedly due to divisions among their members on the issue. It is worth noting that the recent pullout doesn’t mean […]

  • ThumbnailThe National Governors Association (NGA) has recently stated its opposition to legislation introduced by Sen. Lindsey Graham (R-S.C.) and Rep. Jason Chaffetz (R-Utah) which would have an effect of banning online […]

  • ThumbnailThe Bitcoin Gamble: Assessing the Odds on Cryptocurrency’s Popular Uses A Risk Worth Wagering
    With the majority of Bitcoin transactions occurring on gaming websites, how safe is the future of this […]

  • ThumbnailPennsylvania has come in the firing line in the fight over Internet gambling. Analysts predict that by legalising online gambling $307 million can be generated in casino revenue. In February, a state […]

  • U.K. Online Gambling Regulations
    Concern Prompts Changes in Proposed U.K. Online Gambling RegulationsProposed changes in online betting in the U.K. has sparked concern that the new regulations, which shift taxes to the consumer end, could harm the nation’s gambling industry and even the British economy in general. The manner in which the British government regulates online gambling has been met with resistance from operators who fear a reduction in gambling and thus in their profits.

    Designed to protect gamblers, who in the U.K. are known as punters, the changes target operators who have attempted to reduce their expenditures by moving to jurisdictions where taxes are lower. One such place is Gibraltar. The expressed concerns have prompted some changes in the plan that were recently announced by Helen Grant, the U.K. minister for sport, tourism and equalities. She expressed concern about the proliferation of fixed odds-type gambling terminals and, specifically, the tremendous amount of betting that was taking place over the machines.

    Grant said that the government should adopt a precautionary approach and take “targeted and proportionate action” to protect players who use high-stake gaming machines on the high street. She referred to the new plan as a “sensible and balanced” approach that allows for the continued use of these machines on the high street while still providing enhanced supervision and the protection of individual punters. One proposal would require gamblers placing bets of more than 50 pounds to employ account-based playing practices or place cash over the counter.

    One of the pro-gambling groups that has expressed concern is the Association of British Bookmakers, which in a statement claimed that the regulations could lead to the closure of nearly 8,000 betting shops and the loss of around 40,000 jobs that are related to the industry. According to the association’s chief executive officer, Dirk Vennix, the regulations will at the least inconvenience responsible punters and lead “problem” gamblers to bet on other things. The result could be an overall reduction in investing in online gambling.

    Remote gambling, of which online betting is a part, has become increasingly popular in the U.K. In one survey, some 10 percent of the nation’s citizens said they have participated in some type of remote gambling, with most of them playing the famed U.K. National Lottery. The gambling industry reportedly makes up 0.5 percent of the nation’s gross domestic product and generates millions of pounds in tax revenues every year.

  • ThumbnailEver since the U.S. Justice Department reinterpreted the Wire Act to make online gambling legal three years ago, several state governments have taken action to cash in on online gaming activity. But now Senators […]

  • ThumbnailToronto’s first Bitcoin expo was presided over by the Bitcoin Alliance of Canada and filled with experts related to the emerging Bitcoin industry. Prominently featured were Bitcoin Decentral, Etherum, Prepaid […]

  • ThumbnailGibraltar is home to about 26 online betting firms, including Betfred, Ladbrokes and William Hill, as many international firms prefer the territory due to its lower taxes. Offshore firms are not charged the […]

  • ThumbnailA British bookmaker makes a move in the burgeoning Australian online betting market.
    British bookmaker, Betfred, is planning to launch a local mobile betting service and is planning the launch close to the 2014 […]

  • ThumbnailFor those who enjoy playing the lotto while having a drink at the bar or picking up a ticket at the grocery store, buying lottery tickets is about to get a lot easier. Select states are introducing real gaming […]

  • ThumbnailEven though online gambling in the state of New Jersey hasn’t quite met all expectations, some experts believe that it could have a bright future. When it was first introduced to New Jersey by the Christie […]

  • Archie Ward became a registered member 3 years ago