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Massachusetts Legislature to Expand Online Gambling Following Report

Massachusetts Legislature to Expand Online Gambling Following Report

August 4, 2017 · Filed Under Gambler's Report, Online Gambling Laws 

Legislature Seeking New Blueprint to Legalize Online Gambling Bill in Massachusetts 

Massachusetts legislature says that the online gambling bill will be informed and reformed to be able to come to an agreement for online activities. After a special commission finalized its report this week regarding objections from the panel, their recommendations are to potentially offer a blueprint to legalize online gambling in the state. There have been many objections concerning the market as a whole including daily fantasy sports.

Rep. Joseph Wagner and Senator Eileen Donoghue, chairs of the commission said that the report will lay out the path needed for DFS to remain legal in the state beyond the original July 2018 date, and it would be regulated and overseen by the Massachusetts Gaming Commission, as well as be taxed. An amendment was also adopted that clears the way for recommendations for other classes of online gambling in the state. Legislature will consider all factors to see if it fits the definition of the amendments and regulations.

There are however oppositions who don’t like the idea of DFS activities in the state being classified as “gaming”, including the Attorney General. Rep. Wagner said, “there is and will be a proliferation of these kinds of things,” with the expansion.

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Czech Ministry of Finance Issues New Consumer Gambling Protections

Czech Ministry of Finance Approves Limit Losses for Gamblers

Online and land-based Czech licensed operators have a new hurdle to get over after the new implementations were approved this week concerning a limit loss for gamblers. Czech government officials are calling for the imposition of mandatory limits for players’ losses. They are requiring all operators to stop all gambling activity for players who exceed these limits.

Guidelines were issued this past week by the Ministry of Finance that require operators to set maximum limits on an hourly basis. These limits must comply and be of a mathematical formula that utilizes an acceptable tool to calculate losses for players. The basis for the limits include factors such as the size of bet, average payout that is awarded and the number of times a wager is placed.

This new requirement joins the number of strict rules that were implemented for consumer protection and responsible gambling regulations included in the Czech Republic 2017 Gambling Act. This bill went into effect at the beginning of the year. Among the new provisions or rules are several restrictions pertaining to winnings, bets and mandatory breaks for all gamblers. Due to the new implementations, there have been several operators who have left the Czech market.

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Draftkings Upset About New Classification on Daily Fantasy Sports

DraftKings Not Happy with Recommendations from Legislature

Recent recommendations made to Legislature has DraftKings disgruntled. Tuesday, the panel that has been studying the online gaming industry recommended that “online gaming” be deemed legal for daily fantasy sports activities. This is good news, one would think, but DraftKings isn’t happy! The issues that the DFS operator has with the recommendation is that daily fantasy sports is a game of skill, not online gaming. DraftKings says these are two totally different definitions.

The panel also recommended that all other forms of online gambling be postponed for now. The Special Commission on Online Gaming, Fantasy Sports Gaming and Daily Fantasy Sports released a proposed draft of a comprehensive definition of what they consider to be online gaming. This does include daily fantasy sports with incorporating the online gaming industry as a whole. The report is also asking lawmakers to “work to balance regulation with innovation and develop a robust framework as to how all online gaming should be governed, taxed and regulated generally.”

DraftKings Director of Public Affairs, James Chisholm said that,

“they fundamentally disagree with some of the recommendations in the Commission’s draft report, particularly its proposal to define fantasy sports as ‘online gaming.’ No other state in the country has characterized fantasy sports this way. Chisholm stated that they have 300 employees from 79 cities and towns across the state, and they are committed to growing and innovating here, this provision, if adopted, could impact our ability to do that.”

Chisholm continued his statement saying,

“I don’t think the commission intends to litigate fantasy sports, I just think there wasn’t an appreciation for the impact this would have,” “We’re a growing tech company here. Reclassifying us as online gaming would impact our ability to grow and thrive in Boston and Massachusetts.”

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Hansel & Gretel Slot Pays Out $64K at Bitstarz Casino

July 27, 2017 · Filed Under Online Gambling News 

$64K Payday For BitStarz Casino Player On the Fairy Tale Themed Slot Hansel & Gretel

This week one lucky player made out with a big-time win playing Hansel & Gretel: Witch Hunters, a popular movie based slot machine. That player came away $64,818 richer, to be exact. The increasingly popular game is produced by award winning developer iSoftBet. But instead of enticing players with candy and gingerbread, winners are awarded with sweet payouts instead. The recent Bitstarz winner certainly enjoyed a tasty surprise.

Now if you’re not one to risk your hard-earned cash on games of chance, be sure to keep in mind that www.casinoroom.com offers pro blackjack betting strategies. You can learn the same strategy and tactics that experts use to increase their odds for big wins.

In fact, here’s what the Marketing Manager of BitStarz, Srdjan Kapor said,

“We’ve had a lot of wins on Amatic lately, so it’s nice to see some other slots paying out nicely as well. iSoftbet is a very underestimated game developer with plenty of movie themed titles and without a doubt, massive payouts. A big congratulations to our lucky winner!”. (CSReport)

This isn’t the first time a slot from iSoftbet produced a huge windfall of cash for someone at a Bitstarz casino either. Just recently, the slot Diamond Wild made history for the largest payout at Bitstarz… 150BTC. That’s equivalent to well over $385,000 cash!

In the United States, under the current administration, the future of online gambling is up in the air.  If you’re itching to give an online casino a try, now is an ideal time to strike, in case the opportunity is lost. Bitstarz offers games of several different providers in a hybrid multi-currency environment, and is one of the leading bitcoin casinos on the market.

New players can join Bitstarz with a welcome offer of a 100% bonus up to €100 or 1 BTC. Play Boomanji, Starburst, or Fruit Zen to enjoy 180 free spins to keep the action alive.

Author Bio: Jaismin

 

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Senate Bill 203 in Michigan Getting a Second Look

July 13, 2017 · Filed Under Online Gambling Laws, Online Gambling News 

An Online Gambling Bill May Be Back on the Table Once Again in Michigan

The thought of online gambling in the state of Michigan is having its ups and downs, or mixed emotion rather. The online gambling bill introducing activities in the state was first proposed back in March of this year, but is said to have resurfaced with some amendments. S203 passed the Senate Regulatory Reform Committee and is now awaiting approval with other channels. The bill is raising many concerns with its compact regarding tribal groups and casino licensees.

Details for existing proposals detail that licensing for online gambling in the state should be confined to land based casinos in the state only. Players must be 21 years of age or older to participate and the state has the approval or authority to opt into agreements with other states.

S203 also includes regulation to grant tribes the right to self-regulate with strict requirements for online gambling operations. This revision actually frees tribes from the original proposal which said that all licensing and regulation that would have to be done via the state’s Gaming Control Board. This is speculated to be a challenge for the tribal community.

Also included in the bill is the fees associated with the licensing cost. It would cost $200,000 for the first year and $100,000 for every year after.

Sponsors – Mike Kowall – (primary)Rick Jones, Rebekah Warren, Marty Knollenberg, Curtis Hertel, Bert Johnson
Categories – Gaming: other; Communications: internet; Taxation: other; State agencies (existing): treasury

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GAMSTOP to Allow Self-Excursion from All Online Gambling Websites

July 6, 2017 · Filed Under Gambler's Report, Online Gambling News 

Remote Gambling Association’s License Conditions and Code of Practice Implementation of GAMSTOP

Starting in December, GAMSTOP will be the one-stop shop for online self-excursion. The Remote Gambling Association created GAMSTOP to implement the aims of the Gambling Commission’s Licence Conditions and Codes of Practice. The new service is aimed at problem gambling in the UK and is a tool to try and minimize the harmful effects gambling has. One of the core fragments on the UK regulator’s new laws is for UK residents to have the option to self-exclude themselves from online gambling sites including online bookmakers.

It’s been a slow process, but the new scheme of GAMSTOP is getting there and will be ready for its full launch by the end of the year. It was created by the Remote Gambling Association. The RGA created GAMSTOP with simplicity allowing players to just click the mouse to exclude from any licensed UK operator’s website.

It’s not only for players to take control on their gambling behaviors. It’s a good tool for operators to be able to make sure they are complying with the UK Gambling Commission’s rules and regulations.

GAMSTOP will also be available to offer support and advice if needed. There will be more proactive steps to follow after the official launch is complete. All steps included in the tool will be available to help effectively and proactively.

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The Shady Side of Online Gambling with Bitcoins

June 23, 2017 · Filed Under Gambling Articles 

Ever since people started to trust Bitcoins, this modern currency became quite popular amongst business owners and casino operators especially. Since it isn’t controlled by any government, it was obvious that gamblers would eventually prefer Bitcoins as the main currency. But like most things, if something is too good to be true, I probably am not. This doesn’t mean the Bitcoins are not useful, it only means they are so useful that even the Mafia is using this method!

Lucrezia Ricchiuti is an Italian politician, member of the Democratic Party, who claims there is a link between illegal gambling activity happening in Italy and Bitcoins. It looks like Italian mobsters got creative and acknowledged the potential of this modern currency and, due to its rise, it has been used for tax evasion by casino operators who are allegedly run by Italian Mafia.

The authorities are having a tough time dealing with the situation because any online casino may use Bitcoins without having to get approval from the government. This means that gamblers will be able to “sneak” past the laws and regulations regarding online gambling and operate in complete anonymity, without leaving any trace.

This scenario creates the perfect opportunity for money laundering and, for the moment, there is no legal way to stop these activities. This payment method is legal worldwide and no government has taken actions against it yet. Even if there were many questionable activities linked with this currency, its current growth is a clear indicator that it’s here to stay. Anyone who has $920 can purchase a Bitcoin and use it as it pleases, on websites that accept this payment method.

Luckily, many of today’s online casinos encourage players to place a deposit via Bitcoins and that doesn’t necessarily mean they are shady. Since 2008, this currency has reached its peak with a market cap of $15 billion and it surely continues growing. It’s actually a very smart move to invest in a couple and hold on to them until the experts advise so.

At this moment, the Italian scene is waiting for Ricchiuti’s next move and hopefully, she will be able to expose everything that’s going on behind closed doors. Truth is, this type of activities is hurting the reputation of this currency and, although people are still interested in investing in it, authorities are starting to build up against.

NetBet, one of the leading online casinos in the gambling market, was the first verified operator from the UK that has implemented Bitcoins. It was shortly followed by The Isle of Man and we can expect to see a worldwide spread of this method.

As for players, if you’re thinking about using Bitcoins as a deposit method, here are a couple of advantages keeping in mind:

  • Privacy: since it isn’t centralized by any government, the owner is the only one who has full control. No one can take them away.
  • No taxes: the purchasing process is tax-free. There are no regulations over these transactions.
  • Inflation does not apply: a maximum of 21 million Bitcoins will be issued and they will not be poured into the economy.
  • Easy transaction: once again, the transaction fees are almost nonexistent.
  • Safe and secure: unlike other methods, no one can steal your personal information. Once you buy it, it’s yours and yours only.
  • Popular amongst gamblers: transactions made through Bitcoins are not only safer but also way faster.
  • Popular amongst casino operators: since there are no third-party implications, casinos have full control over transactions.

Even though there are many advantages to this method, there are also a couple of disadvantages that you might want to consider:

  • A bit too modern: what I mean by this is that Bitcoins are still considered an experiment. It hasn’t been on the market for that long and people are still concerned about a possible decline.
  • It’s constantly changing: due to its fluctuations, the value can suffer dramatic changes.
  • It can only be used online: moreover, it can only be used on websites that have implemented this method. It cannot be used at your local mall!
  • May encourage criminal activity: since there is no way to keep track of these transactions, many illegal activities can occur throughout Bitcoins, as we have seen with the Italian Mafia.

If you already purchased and wish to gamble via Bitcoins, it is advisable that you do a thorough research regarding casino policies. Find the one that is suitable for your needs and also make sure it is licensed and verified. There are many fraudulent businesses that are only looking for quick money and have no intention of paying their debts.

What can we expect in the future? The fall of the Bitcoin is quite unlikely but authorities will have to do a better job in stopping crimes that use this technology as a cover up. In fact, more and more players are excited about experiencing online gambling with Bitcoins and, with such wonderful review already, it will certainly replace other methods.

The only thing that players are curious about is whether there will ever be a way to use these coins in land-based casinos for games such as poker and roulette. Just imagines staking up Bitcoins instead of chips! Unfortunately, this is still Sci Fi and, if it were true, Bitcoins would become just another currency that must comply with the same laws as the others.

In the end, we are all curious to see what BTC has in store for its users and how business owners will get creative and use this technology. After all, if giants like PayPal have accepted it, there is no doubt that Satoshi’s invention will make history and we can expect more brilliant companies to make the switch or at least include the possibility of using BTC as a viable, safe, and fast payment method.

If you are looking for a list of trustworthy casinos that use BTC, Takebonus.com is almost like an encyclopedia of online casinos, bonuses, promotions, games, and software providers. Check it out and pick your favorite casino!

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Online Gambling Licenses in Phillipines Might Be Capped at 50

June 8, 2017 · Filed Under Online Gambling News 

PAGCOR – Offshore Online Gambling Licenses Could Be Capped in the Philippines

According to the Philippine Amusement and Gaming Corporation, the number of offshore online gambling licenses could be capped at 50. The limitations are a possibility due to 42 operators already receiving the approval needed and 12 still waiting under review. Jose S. Tria Jr, the Vice President of the Philippine Amusement and Gaming Corporation Offshore Gaming Operators division confirmed the total number of licenses approved already and said that “it depends on the evaluation; our audit system is delayed and the procurement [process], and once the audit system is up and running, POGO and PAGCOR will be able to monitor the market saturation.”

Tria added that “When their income declines from the previously reported income, it means that there are too many operators.”

It was last month when the PAGCOR had said that licenses that are approved will cover wagering across dog and horse racing verticals, but they won’t be limited to just these types of events. They said with operators being able to provide live feeds and visuals of regulated events limitations won’t be delimited.

All operators who obtain a license will have to pay 1.5% tax on all gross gaming revenue on a monthly basis.

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Play Bitstarz and Explore the Richness of Bitcoins Over Dollars

June 3, 2017 · Filed Under Bitcoin, Gambler's Report, Online Gambling News 

Bitcoin at its Highest Value Yet as CryptoCurrency Reaches Double Versus the Dollar

Play Bitstarz and Explore the Richness of Bitcoins Over DollarsBitcoin’s value today is outpacing any other currency in the entire world; in the month of May alone, Bitcoin doubled versus the Dollar at its highs. Today’s value is well over $2,200 for one BTC, but this amount has left players with much confusion on how much they are actually betting when gambling online.

Although Bitcoin is at a high right now, it’s actually down by 19% compared to last week, but it’s still at a record high and an impressive one at that. The highest it’s ever been was $2,791.69 and that was on May 24 2017. Investors took their profits and sold off which was about $4 billion USD.

Online players love using BTC to deposit and withdraw winnings because of transactions being anonymous, but the rapid fluctuations have slot spinners and poker players confused more than ever due to how much they are actually betting per hand/spin. This is because most Bitcoin operated casinos offer bets as low as 0.05 mBTC which is a millionth of one Bitcoin or otherwise known as a millibitcoin. If you calculate the current price or value of one BTC this equals out to be close to 11 cents. Back in March, which was only 2 months ago a 0.05mBTC bet was $0.05.

Luckily for players, bitcoin casinos like Bitstarz offer a comprehensive guide to making successful wagers. Utilizing their getting started with Bitcoins guide, players can learn to Pick their Wallet, receive their Bitcoins and cash in on great purchases using Bitcoins. New players can join Bitstarz and receive 20 Free Spins, no deposit + a first deposit match of a 100% bonus up to €100 or 1 BTC. In addition, you get 180 FREE SPINS on Boomanji or Fruit Zen or Starburst.

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Illinois General Assembly Passes Gambling, DFS HB 479

June 3, 2017 · Filed Under Gambler's Report, Online Gambling News, Online Poker News 

Illinois Senate Passes Bill Legalizing Both Online Gambling and Daily Fantasy Sports

Online poker legislation finally happened in Illinois this week. This past Wednesday, the Illinois Senate approved legislation that will regulate online casino, poker, and daily fantasy sports. The bill was passed by a 42-10 vote. Provisions of the bill have moved quickly through the proper channels with positive results as supporters can finally breathe a sigh of relief.

Per details of the bill, lawmakers are saying “that Illinois residents participate in illegal online gambling on unregulated Internet websites operated by offshore operators who are not subject to regulation or taxation in the United States. Neither federal nor Illinois laws provide sufficient consumer protections for Illinois residents who play games of chance or skill on these illegal websites, nor does the State realize any benefits from the revenues generated nor jobs created by illegal online gaming.”

With the details of HB 479, casinos that already exist in the state will be able to offer online activities. As it was proven last year, casinos in the state don’t want online activities limited, they want to be able to offer several sectors, not just fantasy sports.

The poker market in the state was more than $3.3 million for the first three months of the year. With online regulations, revenues will soar and boost all gaming sectors in the state.

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