Michigan State Representative Brandt Iden is the active force behind the drive to legalize sports betting in the state by the Super Bowl. He said: “My goal is to have this up and running by the Super Bowl. Casinos are moving forward because they know it’s going to come to fruition at some point. If we don’t do this, we will continue to lose consumers … Continue
In Romania, on July 21, 2019 was approved the Law no. 129/2019 for the prevention of money laundering and financing of terrorism, which transposes into national law two European directives, respectively, Directive (EU) 2015/849 regarding the prevention of use of the financial system for the purpose of money laundering or terrorist financing (“Directive 2015/849”) and Council Directive (EU) 2016 / 2.258 of 6 December 2016 … Continue
When Iowa decided to authorize sports gambling this May did not know it will open a hive of yellowjackets. As the sports fans quickly pick up the activity, out of fear of losing revenue to its neighbor, Wisconsin is next in trying to put sportsbooks on solid ground in the state. Minnesota is watching fans gather to the frontier to place their bets and is … Continue
According to international statistics, the gambling market is constantly expanding, and current estimates indicate a market value of approximately $ 73.5 billion by 2024. The chances of reaching this threshold are extremely high given that gambling is legalized in most countries, and technological progress is exponential thanks to new smartphones and tablets, as well as a permanent expansion of the Internet. In 2015, Romania developed … Continue
The legalization of sports betting in Northwest Indiana is a brand new opportunity for the Chicago gamblers, but also for the local economy and for the treasury that will charge additional taxes. The official ribbon cutting was last Wednesday at the opening of the Horseshoe Casino in Hammond. Tom McDermott, Mayor of Hammond, placed the first bet of $100 that the Bears will make it … Continue
Last Sunday Indiana has finally joined the ranks of states that officially get its sports betting industry running. It may be latest, but it won’t be the last as the sports gambling industry is here to stay. Three casinos have started sportsbook operators in the Hoosier State after receiving approval by the Indiana Gaming Commission (IGC): Ameristar Casino in East Chicago, Hollywood Casino in Lawrenceburg, … Continue
On August 15 Iowa became the 11th state in the USA to legalize sports betting and opened its first sportsbooks. Only 94 days after the state’s governor, Kim Reynolds, signed the bill into law, 8 casinos started accepting wagers. Iowa is also only the fifth US state where online betting is permitted and the first one where mobile sportsbooks were launched on the same day … Continue
On September 1st, 2019, came into effect the New South Wales Gaming Machines Regulation 2019 and Casino Control Regulation 2019, that bring changes predominantly related to harm minimization measures. The new legislation introduces a new levy of at least 5% of gaming machine lease payments or $1,000 per gaming machine lease per year (whichever is higher) to the Responsible Gambling Fund, while gaming-related application and … Continue
In January 2019 Switzerland implemented the Federal Act on Real-Money Gambling (Bundesgesetz über Geldspiele) pushing the Swiss canton of Glarus to launch a public consultation on a series of changes of its gambling laws. The Glarus Department of Security and Justice is convinced that new federal laws require revision because these drastically affect the local economy. These laws outlaw unlicensed activities and permitted land-based casinos … Continue
The south-east Asian nation of Cambodia has a very severe ongoing problem of illegal gambling operators flooding the market. Not being able to combat the issue, the government has announced a complete and indefinite prohibition of online gambling until better regulations are put in place. The government has come up with very proactive steps and as per the reports, issuing of new licenses to the … Continue
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