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Posts Tagged ‘code’

Some Countries Still Writing Gaming Law

Wednesday, December 15th, 2010

There are still some problems to be ironed out in the online gambling market. One country that is struggling with the issue is France. The French gaming market is under some criticism lately due to its odd rulings regarding taxation. The market is known as one of the highest taxing countries. If a company wants to hold court in their area, they have to pay hefty fees for licensing. This is why virtually no one company has opted to do so—they prefer places like Gibraltar. Gibraltar is traditionally known as one of the fairest markets for online gambling companies to set up shop. Their taxation is low and they are reasonable with licensing and other fee schedules. On the other hand places like France are under fire due to their lack of working with gaming companies. As an added deterrent, people are being paid out little. This is a situation that is making gambling in the country a less-than positive pastime. There are few headlines about citizens getting paid out, although numbers are showing that it is not for lack of trying. Gamers in France are playing, but the numbers are dwindling. In fact, since the same time last year their overall gambling numbers are down by about 7%.

Companies are also stating that French legislators are being unfair with their taxation laws. They are charging too much for gaming companies to come in and solicit the citizens of the country. Many companies are saying that they are even considering opting out of the market if things don’t get better. It could mean that French officials lose the licensing and taxation revenues they have access to now if they don’t rework some of the laws. Overall gambling in France has come to somewhat of a standstill in the past few months. Though there is still a customer base, they are wagering less. There are fewer payouts to speak of and that is leaving a bad taste in the mouths of gamers in the country. The country’s officials are pushing for change, but they still believe that their current taxation laws are more than reasonable. Only time will tell if they continue to work out.

Proper Legislative Code Needs to Be Written for Gambling

Saturday, November 6th, 2010

Many gambling company operators know that now is a critical time in the world of gambling. Barney Frank is a representative who has been fighting hard to write codes that would allow for online gambling. His biggest focus is amending the UIGEA of 2006. If he can come up with the right legislation, this could be a turning point for the US in terms of gambling. In former years it has been a huge debate in the states whether or not to legalize gambling. it isn’t a question of money necessarily, but that could be what wins out in the end. Frank is working overtime with other legislators to create a code that would allow the US to take advantage of that profit, but still protect gamblers. The debates coming from online websites are centered on the UIGEA. Its original purpose, according to its writers, was to protect online gamblers from dangerous online wagering. Gambling activists are noting that it never did that. In fact by prohibiting gambling, all it did was push millions of online wagerers to move to the online world of gambling from other countries. This put them in dangerous positions because in today’s internet market it is easy to set up an offshore company, then bilk people for millions and then run away.

There are a lot of problems with internet gambling. The US tried prohibition and that didn’t work. People are going to wager wherever it is possible is the only thing legislators learned from the UIGEA. China is another country having problems. There they are trying to ban gambling by restricting internet access. This is becoming a heated debate over government censorship and whether or not they can legally do it. Canada is having problems with legalized gambling because of security breaches they have thus far experienced. Overall the problem comes down to writing the right legislative code to do all that it needs to. Barney Frank is taking the helm at the issue, but he has a strong support system also who want to see his legislation passed. Most likely it will eventually get passed, but the question is how long it will take and what the rules will be.

How to Use Coupon Codes for Bonuses

Sunday, October 24th, 2010

If you are looking for a new casino then most likely the bonuses it offers are going to be a deciding factor of whether or not you are going to wager there. Bonuses are those specials that casinos offer their gamers to give them something extra. For example, some casinos offer start-up bonuses to their gamers. These normally are in the form of match bonuses. If you are new to gaming then you have to read the deal. You always want to know what you need to do to take advantage of it. Remember that not all bonuses are automatic. Some bonuses come with “bonus codes” you are going to have to use to take advantage of them. These are the codes that come in the instructions. For example, a good start up bonus of a 100% match may be attached to the coupon code “START100”. That means when you sign up for your account you have to enter that code into the appropriate field. You are going to be led through the sign up process, but you have to still remember to enter the code. Most likely if you don’t take advantage of it when you sign up, you aren’t going to be able to go back and take it after that point. Make sure you understand what you have to do to get it.

Also, remember that other bonuses sometimes come with the same bonus codes. For example, let’s say you have a referral bonus. These are the bonuses that you get if a friend signs up for the casino. You may get $10 credited to your account if you get your friend to sign up. This is great, but when your friend signs up he or she has to use a code like, “REFF” in their sign up box. Without it, you won’t get your credit for the new deposit. It is just another example of how you have to remember the proper code. Some online casinos have the automatic bonuses. These are great because you won’t have to remember anything for them to be credited to your account. On the other hand, there are some bonuses that you have to be careful with. Make sure you understand the rules and then take advantage of them.

Special Code Puts New Spin at InterTops.com Casino

Wednesday, March 10th, 2010

In today’s gaming world it’s exciting to find the amount of additional promotions offered. A few years ago, gaming was more basic. You bought your entry and then wagered accordingly. If you got lucky, you won something. It was simple and straightforward. The good news is that technology has grown exponentially in the past few decades and gaming has grown with it. One casino that has not only kept up, but also set the bar for gaming is Intertops.com. Intertops.com is an internet gaming and sportsbook pioneer. The website has been around for a while now and has honed its product well. Now the website is offering players that locate a code hidden in an image on the site a special deposit bonus that could be worth up to 20%.

The Kahnawake-licensed domain is supplying players with a set of special decoder glasses to help them find the code, which is set to be changed each week. Players can order their glasses from the US-friendly site by emailing the website. If you manage to crack the code, you will be eligible for a 20 percent deposit bonus up to $100. Players that find the code without the aid of the special glasses are being rewarded with a special 10% deposit bonus. You won’t have problems keeping entertained at this casino because Intertops.com offers more than 300 instant-play and downloadable games including three and 5-reel slots alongside multi-hand video poker. There are also traditional casino favorites such as three-card rummy, blackjack, roulette and keno with a total current jackpot of over four million dollars.

This month the site is also giving away a $50 coupon to the 150 players that deposited and played the most from Thursday to Sunday. It will also hand out $50 to 50 randomly drawn players who deposited and wagered the previous Monday to Wednesday. “The biggest progressive jackpots available to American players are all at Intertops.com,” read a statement from InterTops.com. “At over $1.6 million, the Jackpot Pinatas jackpot is the largest jackpot available but two other jackpots have also reached seven-figures. The Aztec’s Millions jackpot and the jackpot tied to both the Mid-Life Crisis and Shopping Spree slots are all well over one million dollars.”

Casino-Free Hawaii Still Benefiting from Taxation

Thursday, November 19th, 2009

Although Hawaii does not have any casinos, it is still finding a way to capitalize on collecting revenue from gambling activities. There is now a change in the state’s tax code that could allow for hundreds of thousands of dollars to enter the state via residents who gamble in the state. This new law states that gamblers who win a jackpot will be required to pay taxes on their winnings, but they will not be able to deduct their losses.  For example, if a slots player loses $1,000 playing video poker and then hits a $2,000 royal flush, they will have to pay taxes on the $2,000. Under the old tax law, the player would have been able to deduct the $1,000 loss and only pay taxes on the additional $1,000 net win.

This change in legislation is bad news for gamers. Most are against the move because they say the odds are definitely against them with this change. Selma Motler, avid poker player, stated, “If you look at the overall losses versus wins in a week of gaming, you’ll see that we lose way move than we win. Sure we could walk away with $2,500 in winnings, but we wagered and lost $3,500…So now on top of losing $3,500 we have to pay taxes on the $2,500 that wasn’t even really winnings. It was recouped losses.”  Many gamblers agree with Motler’s sentiments, but unfortunately the government does not.

Hawaiian lawmakers pushed for the change to help ease the state’s multi-billion dollar deficit. Governor Lingle has a limited time to veto the new tax code or it will become law. Many gamblers in the state feel that the new law in unfair and unjust. Over the course of a year most gamblers will lose money and it is unfair that they are taxed on the few times when they get lucky. They are petitioning heavily against the new legislation, but it seems as if it most likely will go into effect.  The huge deficit the state is under is preempting all other concerns citizens may have regarding their gambling wins and losses along with their taxation laws.