Tag: online gambling
Sheldon Adelson’s Casino Wants Online Gambling License
Sheldon Adelson’s Sands Casino Resort Bethlehem has filed a petition to conduct casino-style online gambling in Pennsylvania — but they’re really just inquiring for a friend. Specifically, a cash-flush friend from Alabama in the process of buying the Bethlehem casino for $1.3 billion. As part of its agreement to sell the Sands Bethlehem casino to Wind Creek Hospitality, Las Vegas Sands Corp. is obligated to pursue “in good faith” a certificate to conduct online gambling in Pennsylvania, according to the footnotes of Sands’ petition filed with the state. “Sands submits this petition in the interest of Wind Creek so that,…
Online Gambling Company Introducing “Loss Limits”
Imagine an online gambling company turning players away because they’ve lost too much money. That will become reality in a few weeks in Aland, a small autonomous island group in the Baltic Sea off the coast of Finland. Aland-based Paf will become the first international online gambling company to introduce a loss limit on September 1st. The company estimates the limit — 30,000 euros or about $35,000 in U.S. currency a year — will result in a 5 percent reduction in annual profits. But Paf executives believe they can and should do it because they believe strongly in their responsible…
EU Privacy Changes and Online Gambling Operators
The EU privacy regulation will force online gambling operators and suppliers to a major change in their internal privacy compliance. Based on my personal experience, privacy compliance has not traditionally been a priority for online gambling operators and suppliers. This was also due to the fact that operators and suppliers are usually based in countries that adopt a lighter approach to privacy compliance. But this is no longer going to happen with the EU General Data Protection Regulation (GDPR) which will entitle players to bring claims before the authority of their country of residence, rather than the country of establishment…
The Brexit Affect on Gambling in The UK
With changes underway, the Brexit affect on gambling in the UK is in question. Brexit causes major concern for Gibraltar, a British territory off the coast of Spain and a major hub for online gaming, with companies like 888 Holdings and Bet Victor based on the island. A majority of the people who work on Gibraltar live in Spain, and with a split from the EU looming around the corner these companies could potentially lose a substantial part of their workforce. The future of gaming regulation after Britain’s exit from the EU is unclear. With online gambling firms already paying…
Swiss Online Casinos to Ban Offshore Online Gambling
Switzerland is set to ban foreign betting sites following a referendum vote on the country’s new Gambling Act. Swiss online casinos, however, will be allowed under the incoming Gambling Act. The Act will also raise the taxable winnings threshold from $1,012 to $1.0129m. Swiss voters overwhelmingly supported the notion with 72.9% coming out in favor of the new Gambling Act, despite it containing some of the strictest regulations in Europe leading opponents to claim it is tantamount to censorship. With both of Switzerland’s legislatures, their houses of parliament, already passing the legislation it is set to become law in 2019. The…
Michigan House Passes Online Gambling Bill
Gamblers in Michigan would be able to play and bet on casino games online under bills passed 68-40 by the House on Tuesday night. The bills would allow casinos to obtain licenses to offer online gambling and require an 8 percent tax on the activity. Only people over the age of 21 would be able to participate. “It will allow internet gaming as it relates to all of the currently allowed games in a brick-and-mortar casino, that’d be poker, roulette, black jack, craps,” said Rep. Brandt Iden, the lead sponsor on the bills. The legislation also sets up the framework for legal sports…