Online Casino News From Around the Globe

Pennsylvania To Try Again To Legalize Online Gambling
Jan04

Pennsylvania To Try Again To Legalize Online Gambling

Once again the state of Pennsylvania is set to try and pass legislation that will legalize daily fantasy sports and online gambling. This follows a near success in 2016 which almost passed both the House and Senate. The latest move by Sen. Jay Costa is set to introduce an omnibus gaming bill that will address multiple issues including legalizing online gambling, DFS, authorization for the state lottery to offer online games and a fix to taxes on gaming facilities that benefit jurisdictions that host casinos. It will be based on the HB 1887 bill which died in December last year after the Senate did not bring it up in time for a vote before the legislative session ended. Online gambling revenues are expected to generate $125 million for the state in the first fiscal year which is a bit more that the governor promised in the budget from a gambling expansion bill in 2016. Costa’s bill will charge casinos $10m for a licence fee for their online operation while online technology vendors will have to fork out $5m. Previous bills had lower numbers which were $8m for licence fees and $2m for vendors. In terms of taxes Costa wants a 25% online tax rate which is a lot higher than the 16% proposed in last year’s House bill. Airport mobile operators will have to pay $2.5m licence fee and a 25% tax rate, DFS operators will also have to pay a $2.5m initial fee with a 25% tax rate on revenues. It remains to be seen if the latest online gambling bill will pass the Senate and not only the House as it has done in the...

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Research Shows Gambling Addicts Resemble Drug Addicts
Jan03

Research Shows Gambling Addicts Resemble Drug Addicts

We have covered research in the past that explain why some people are more likely to have a tendency to suffer from gambling addiction problems. This research is important as it can give us insights in to why certain people are prone to gambling addiction and more importantly how it can be treated. New research from the journal Translational Psychiatry indicates that the same circuits that drive people to drug addiction are also responsible for compulsive gamblers seeking games of chance. Two brain areas were identified as highly active when gamblers felt the urge to spin the wheel. The insula and nucleas accumbens are brain areas that have been linked in the past to drug and alchohol cravings. These areas are involved in impulse control, decision and reward making. Co-author of the reports and director of National Problem Gambling, Dr Henrietta Bowden- Jones believes that the specific finding of areas involved in the brain that lead to gambling addiction could result in targeted treatment that prevent cravings and relapse. She went on to emphasize the devastating effects irresponsible gambling can have on families which includes people losing their jobs, homes and families. The study was conducted on 19 people with gambling addiction and their responses to images involving gambling like a roulette wheel and betting shop were monitored with MRI technology. When shown the images of gambling both the insula and nucleus areas were found to be highly...

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William Hill Pulls Out Of Czech Republic Due To New Gambling Legislation
Jan02

William Hill Pulls Out Of Czech Republic Due To New Gambling Legislation

William Hill has pulled out of the Czech Republic as new gambling legislation comes into play. As of January 01 2017 stricter regulations are in place which include requirements of having an official seat in the EU or economic Area country and holding a minimum of €2 million in equity. Other regulations include a new 23% tax rate of gross Gaming revenues for lotteries and sports betting, 35% for RNG casino games in addition to a standard 19% corporate tax rate. Players of William Hill have been told to withdraw any remaining funds they have in their accounts as their services will no longer be available in the Czech Republic. The new gambling laws were approved by President Milos Zeman last summer wand bring the country’s gambling laws in line with the EU regulations. Due to the stricter gambling requirements, there are less than a dozen online sports betting and card game licenses which include Sazka, Synot Tip and Fortuna Entertainment. As part of the enforcement of the new regulations the Czech government is requiring internet service providers to block all domains on gambling sites that do not hold a license. Willian Hill plans on pursing a Czech licence and in an email to Czech affiliates stated that they are confident they would “ have the opportunity to work together in the...

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