Casino News
Gambling Industry General Recent News:
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Goldman Sachs predicts a legal USA as far as online gambling is concerned
They sent a letter to investors claiming the strong possibility of Franks bill being passed late this year...
Franks Bill passed on to move to talks starting September 2009.
The bill that will make gambling online legal in the USA will be discussed by the Senate in September.
Europe presses USA for anti trade violation as they currently make it illegal for gambling companies to operate in the USA
Europe has made a case at the WTO stating that the USA is violating trade agreements by holding the online gambling industry illegal for American citizens.
Online casinos regarded as more secure and fair than brick and mortar casinos
This comes as no surprise given the strong regulation of worldwide known brands, as well as fairness in casino policies currently offered by the best known brands in the industry
Three major online casino developers striving to offer more intuitive products online
Playtech and Microgaming are working hard to offer more games that appeal to the online gambling audience as well as place more gambling alternatives out there such as in live play where you can see an actual croupier deliver your blackjack cards via realtime video or playing roulette.
52 Billion USD could be the tax revenue for USA online gambling over 2010 – 2020.
This a study by PWC stating the value it could bring to government if it is indeed made legal
Play at regulated casinos authorities’ state
By not making this wise choice gamblers might lose their money along fomenting the growth of terrorism.
Poker petition in USA passes landmark number
Hundreds of thousands have signed the petition that would make the poker industry legal in the country
Schwarzenegger appeals to authorities to make gambling legal
Arnold has spoken in California, it appears that it will all come down to the state level whether to make onlinegambling legal or not.
The online gambling industry expected to double in size
Over the next ten years, revenues from the online gambling industry are expected to double amidst current economic conditions as it becomes one of the most profitable industries in the world.
Russia bans brick and mortar casinos
The government has banned brick and mortar casinos stating that the population has grown addicted in increasing proportions. Casino owners state that the government could lose millions in tax revenues.
States mixed on online gambling
Some states like Minnesota are trying to ban gambling while others are trying to approve it. California is trying to legalize poker as a sport as Delaware is accepting to legalize a sports bill.
Major companies trying to merge
Will Hill has merged with a major player like Playtech, others are planning to do the same as companies plan to become fewer and bigger in order to survive in the future.
Bookmakers plan to stop taking bets in some matches
This after bookies lost hundreds of thousands in apparent pre-fixed matches over the past year.
