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New Jersey May Be First with Gambling Law

Wednesday, December 15th, 2010

There were debates on what US state would be the first to come up with adequate online gambling laws. Many were pining for the position, but it looks like New Jersey may be the forerunner and winner. The state recently announced that it is bringing changes to the internet gambling market. Part of the reason is the flailing Atlantic City gambling market. Atlantic City has been suffering for some time now and there are no signs of revival coming soon according to the numbers. Recently the casino had to do mass layoffs—twice. They let go of thousands of workers both times. The problem is that neighboring states are opening their own premiere gambling facilities and that is creating serious competition for the gambling Mecca. Add to that the rise in online gambling and gamers have a wider range of options than they ever had. Plus some of the other options are much newer and showcasing bigger and better games and promotions. In response, Atlantic City has been creating its own new promotions, but they don’t seem to be as effective as once hoped. Now the state is stepping in.

New Jersey officials are defining a new law in a way so that it will not be defying any current US laws on a federal level. They know that it is a tricky subject to create gambling laws right now when the UIGEA is still in effect. Nothing has changed it, though there have been various legislators how are trying. The issue may be shelved for another two years if changes aren’t made soon. This is leaving states on their own when it comes to writing online gambling law and New Jersey is taking the initiative with the issue. They are hoping that the allowance of online gambling will help to bring in the old revenue numbers post-recession. If they can bring in the same money, or even more, this would make the market that much easier to turn around fully. Remember that New Jersey is still suffering in terms of finances. They want Atlantic City to be a success again, or if not they want some other revenue stream to replace its old income levels—even if only temporarily.

Gaming in Poland Still Not Regulated

Wednesday, December 15th, 2010

Poland is another country working with gambling laws. The country was recently in the news for its overwhelming problems with political scandals and gambling. There was a scandal concerning bribery and money laundering the country was under recently. Now that things have been supposedly remedies and those in question have been removed from office, the country is still trying to come up with a workable gaming law. Prime Minister Donald Tusk has traditionally been very conservative with his stance on gambling and is calling for some strict regulatory changes to the market. He already made the move to remove slots games from cafes, clubs, shops, arcades and service stations around the country. The reason that slots were targeted was because a recent study showed that slots may be some of the most addictive games on the market. Plus, their smaller wager requirements may be the very thing that gets gamers in trouble. For example, a gamer knows when they are wagering $50 per deal at a blackjack table. However, if they are wagering at a modest nickel-slot they may not be as keenly aware of how much money they are investing to play and losing at the games. This is why they are considered to be “dangerous” to those who may have an addiction or be prone to gambling addiction.

The addictive nature of slots is what Poland’s legislators are targeting. They are trying to regulate the market by cutting back on land based gambling that may affect their citizens negatively. In the future the country is going to have to look at a viable gambling plan. Though gambling is sure to bring in millions of dollars, there are other concerns that legislators are worried about. Will the increase in gambling automatically increase the numbers of gambling addicts? Will it cause underage people to want to wager? Will it detrimentally affect the market? These are all questions that legislators are posing right now. They have a gambling plan, but are not yet sure that it will continue to be effective as they work with gaming in the market. Only time will tell what changes need to be made and which ones will be truly affective for the market.

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.

Ban On Gambling in US Could Continue

Tuesday, December 14th, 2010

The world of US gambling is changing quickly. There are many people who are ready for gambling initiatives to be implemented, but that isn’t happening fast enough for them. The US still is working under the UIGEA, or Unlawful Internet Gambling Enforcement Act of 2006. The bill originally was meant to protect US gamers by banning the online gambling activity. In the end though, all it did was push online gamblers into the welcoming arms of offshore gambling companies. Billions of non-recoverable dollars were channeled out of the country and that is now posing to be a problem for legislators. Since the recession, the US legislators are looking for new ways to bring in cash. They know that without some serious new streams of income they are going to be that much more stifled when it comes to getting the turnaround funds needed to recover. Gambling is the perfect solution. People have proven that they will wager and that they will wager in huge numbers. This means that there are billions of dollars to be had IF the US lawmakers are willing to visit the issue with intentional focus.

There are some legislators who have been pushing twice as hard for change. They recognize the advantages of bringing gambling online to the US market. Still, they have a lot of opposition to deal with as they continue to debate their positions. There is a new bill on the table that would allow for online gambling to enter the US market and this is now being coupled up with another bill that is not related to gambling at all. It could be that the bill will allow the change to be made though. Almost under their nose, the bill could squeak by and become a law in coming months. There is one caution however—if legislators don’t address the gambling online issue and its legality, they could be passing up changes in the near future. It is no secret that if this issue isn’t settled soon it could be shelved for another two years. That would seriously put the US back when it comes to moving in on the lucrative market and cost the country billions of dollars when all the numbers are tallied.

Kansas Makes Moves to Increase Online Gambling

Tuesday, December 14th, 2010

Some states are wary about bringing online gambling into their markets. Take Washington for example—the state’s legislators have put a ban on internet gambling despite the millions of potential dollars that could come in as a result. Some experts believed that legislators throughout the US would jump on the world of gambling due to the money involved. They thought that everyone would be excited about implementing online gambling initiatives to take advantage of that revenue. Still, there are some states holding out. They see the cost of setting up online gambling and want to hold off. They believe that the money would not overcome the other costs of operating with online gambling plans. Then there are states that are rushing to take advantage of the activity. So far the UIGEA is the only US-centered gambling law, but it has not performed like it was supposed to. In the end all it did was push online gamblers from the US to switch to offshore gambling companies. This channeled millions of dollars out of the country.

There are some states in on the issue and Kansas has joined that grouping. State legislators are seeking an internet gambling development company. Their goal is to create one central controller for their four gambling websites operating within the state’s borders. Legislators are continuing their discussions over how to manage the issue and how to maximize the returns they can get from gambling. it will take time to figure out a viable plan, but that means that there should be enough time to come up with a workable and lucrative plan for the state. This would do a lot of good for the economy. Kansas like other US states suffered greatly due to the recession and is still trying to come out from under the issues it has had in the past. Now the finances are in shambles and the state needs to find new ways of bringing in millions of dollars needed for change. Whether or not gambling will prove to be the solution has yet to be seen, but legislators are willing to give it as best a shot as they possibly can.

Canada Looking to Increase Gambling

Tuesday, December 14th, 2010

Espacejeux.com is the latest casino to make headlines in the Canadian market. If you recall, Canada has been lagging behind in developing an online gambling program. The country started off a big rocky with the entire issue. It opened a casino in one of its provinces but soon had to shut it down after just a few hours of operation. It was a major guffaw for the country and its leaders. The problem didn’t stop the country as a whole though from at least investigating the market. Earlier this year, PlayNow.com moved into the country and started up a successful and lucrative company. It offers a list of games that Canadians are playing in mass numbers. The success of the gaming website is only mirrored by the success of the country’s Lottery. If you look at the numbers the lottery has brought in, it is a record high and it has been for months now. Taking this as a sign, legislators moved to increase gambling within the provinces and the move was a predominantly a positive one.

Now legislators are making moves to increase it even more. It began with PlayNow.com. This was a website that was first created to capitalize on gambling. Its success made legislators move for improvements in gaming. Now a new website is available to Canadian gamblers. This time it is Espacejeux.com. This website offers a good variety of table gaming, blackjack and roulette for gamers. Anyone in the provinces of Canada has the chance to take part in wagering and hopefully winning a good payout. The draw of winning is what is pushing more and more gamers to play is the bigger payouts. The country right now is working to revamp rules for gambling. They are by no means done with legislation. Still- Canada is getting closer to w workable law. You can expect more provinces to move into gambling as it becomes more popular and more plausible in the market. Expansion is the name of the game with gambling all over the world. Canada is in the nascent stages of finding a workable law, but most likely it is going to develop quickly and expand to all provinces.

Safety is a Major Concern with Legalizing Gambling

Wednesday, December 1st, 2010

There is good news for anyone concerned about underage gambling in Canada. Ontario’s Center for Addiction and Mental health recently conducted a survey of young people. Like other markets, Canadian officials are worried about protecting the underage. The concern is that they will start wagering if safeguards aren’t built into the gambling world. According to a new survey though, they may not have as big a problem as first anticipated. The study showed that of children from the ages of twelve to eighteen aren’t that interested in wagering. In fact, of the groups polled, only 3% admitted to wagering or showing signs of nascent gambling addictions. Just under 30,000 students were in the survey so the Ontario legislators believe that this is a good pool to gather information from. Just under half of the students admitted that they had tried some form of gambling throughout the past twelve months. Though legislators are trying to eliminate the numbers altogether, having a 3% rate of children who have tried wagering is not a bad number. In fact, it was much lower than some experts had predicted.

In the world of gambling underage wagering is a definite concern. Even in the US some land based casinos have had incidents where underage children have wagered and won. The casino didn’t find out they were underage until they won or until they had wagered for a good amount of time. This was bad news for gaming operators and they were fined heavily by the government. The caution is that casinos have to create other safeguards that do not allow underage gamblers to enter the gaming floor. Due to the infractions and their frequency, it is a task that gambling companies have to be ready to tackle as gambling expands in the market. Still the issue could be a smaller one than legislators originally anticipated. Surely there have to be changes and rules have to be built to protect the underage, but if they aren’t showing an innate interest in the games then it could be a problem that can easily be remedied. Legislators are continuing their toying with rules to make things better for everyone and protect all parties involved.

Poland Still Pushing for Gambling Plan

Wednesday, December 1st, 2010

There are places in the world where gambling is still being modified and tested. Poland is a country that has some issues to deal with regarding its gambling protocols. The country has long been in the middle of problems. If you recall earlier this year there was a scandal involving some of the biggest politicians in the country. They were caught engaging in illegal activities ranging from money laundering, fraud and bribery. It was an embarrassing time for the market and politicians are now trying to make a stand. Polish legislators are trying to clean up their image regarding gambling. Now the country’s legislators are trying to suppress the problems that have gone on by revamping their legislation. Part of the reason for gambling changes in the country is due to the fact that gambling is growing so much in the area. Estimates currently are that the internet gamblers will wager over four billion in polish currency by the end of this year. This is a huge amount for a country is in the midst of financial problems due to the recession. So far this year, gambling has risen by 20% in the country and that means that more and more gamers are taking their own chance at a good win. If it is growing in popularity, then it means that the country has to come up with ways to take advantage of the huge dollars and to also protect the growing gaming market.

One of the high growth markets in the world is gambling and all over the world more and more legislators are pushing for legislation that can manage it. They want to have access to tax revenue dollars, but also to make the project work they have to come up with regulatory law that works for the market. Right now gambling companies are working with legislators to come up with laws that help customers. The Polish market is one that is growing so quickly, it is putting legislators on the defensive. They have to protect new gamers who may not be wise enough to protect themselves as they join in on online gambling fun.

US Gambling Law Needs Solution Soon

Wednesday, December 1st, 2010

Change in the gambling market is common. Right now the market is leveling itself due to changing rules legislators are toying with. Though online gambling isn’t yet legalized in the US, that doesn’t mean that legislators aren’t working hard to make it happen. They want to make sure that people have the ability to wager online and the governments have the chance to take advantage of the huge tax revenue dollars that casinos bring in. Part of their goal is to overcome the aftermath of the recent recessionary period. It left more than a few countries with huge deficits and problems with their financial states. The US is still toying with various rules and regulations when it comes to gambling online but nothing solid has made its way into legislation as of yet. Right now there are a few law makers who are making it a priority, but they aren’t finding as much support as they would like to push the issue forward. The UIGEA as of now still stands—this is a bill that deems online gambling transactions illegal and forces banking institutions to flag and deny them as they come in. It is one of the biggest problems with gambling today and it could be the most detrimental bills on the table. Part of the problem is that the UIGEA doesn’t define what gambling is or what it includes. This is making it difficult for everyone involved to manage their own online gambling entities.

There are solutions on the table, but none of them have been accepted yet. There is some caution that if legislators don’t make it a priority soon, then the issue will be put off for another two years, leaving the US without the ability to take advantage of tax revenue dollars. At a time when the states are sorely in need of the money, this makes it even more difficult for them to continue without it. If legislators are to make decisions on the issue though, they are going to have to do it quickly. If the issue ends up being shelved for another two years, it could prove difficult to ever implement a workable gambling law.

New Bill Would Change UIGEA

Tuesday, November 30th, 2010

Legislators are working with gambling laws in the US. There are many people who want to change things, but the problem is big. So far the UIGEA still stands and that bans banks from processing transactions that deal with gambling. The biggest problem is that banks are tasked with flagging and monitoring gambling activities. Legislators are around who want to change the laws, but they are having a difficult time pushing through bills to amend the UIGEA. So far there are a few key players in the fight, but their goals are to do more than to discuss possibilities. The overall goal is to bring a new bill into the mix or at minimum amend the UIGEA. This new configuration of the bill would allow for gaming companies to operate legally. In turn, they would have access to the millions in tax revenue dollars available. Gamblers were unable to wager in the states and so they moved to offshore companies, taking their millions of gambling dollars with them. Legislators look back at that time and realize how much they lost in terms of revenue and how it is unrecoverable at this time. Still—some are pushing for changes that will take advantage of the tax revenue dollars coming in via gambling.

The changes aren’t coming as quickly as hoped for though. Legislators are pushing for a passing of a new bill that would change the laws, but the timeline is not as hasty as wanted. If the issue isn’t sorted out in the near future, it seems that it may be shelved for another two years. That is two year’s worth of gambling dollars that would be fueled out of the country. Gambling is a billion dollar business and is expected to more than double in worth in the next four years, so that leaves the US as a loss of billions. If something isn’t finished soon, this is going to be the outcome and legislators will lose the advantage of millions of tax revenue dollars. Post recession, this is not a good time to pass up the money. It would do a lot for turning the market around that much quicker.