Both Parties Come Together to Stop Gambling Expansion in Florida

February 1st, 2009 admin News 0

gambling 300x200 Both Parties Come Together to Stop Gambling Expansion in Florida Florida, a state of USA, is in an odd situation when it comes to expanded gambling involving the Seminole Indians as well as their casinos. For that, a compact needs to be completed, but legislators, both of the Democrat and Republican, are showing special interests in front of the good of Florida. Governor Charlie Crist is inciting several of his fellow Republicans by crossing party lines. He is lobbying for the completion of the Seminole Indians casino compact that Crist originally signed back in 2007. However, the conservative Republicans do not want any type of expanded gambling in Florida.

Democrats are saying thanks, but no thanks, to Charlie Crist. They are supportive of expanded casino gambling in Florida. But they cannot go with the compact as most of the Democrats in power in the state have ties to South Florida’s pari-mutuel tracks. That has made the business of completing the compact with the Seminoles just about impossible task. If the compact, as written, was put in place, the Seminoles would have had blackjack and baccarat totally to themselves. On the other hand, Democrats will be lobbying to facilitate if a compact with the Seminoles is signed, that the individuality part should be taken out. If that is achieved, then they can start to lobby for pari-mutuels to be allowed the Las Vegas table games as well.

Republicans do not like any of these outcomes. They are fighting to get no compact and no expanded gambling laws. That would leave them searching to put back the millions of dollars that would be lost from extra gambling revenue. It is first time, Democrats and Republicans have team up for a common cause in a long time in the state history.

Playtech Develops Poker Software for Italy

January 24th, 2009 admin News 0

poker Playtech Develops Poker Software for ItalyIf truth be told Poker is such type of game that has taken on any life of its own in the past decade. Additionally, the media coverage, especially TV, of the World Series of Poker has led to a boom in this industry both in land based and online. The wave of this coverage hit the Italian gambling industry as well.

Playtech is one of the famous companies name to the casinos owner.  The company develops such software which being used in casinos throughout the world. They develop software not only for land based, but also develops for mobile devices and online casinos. To see the popularity of online poker in Italy, the company has developed special software for the Italian poker player.

Already the company has introduced a play for real money poker network for the Italian gambling market. It is partnering with some of the most relevant famous Italian casino outlets to bring their exclusive product into the country. Mor Weizer, CEO of Playtech, said, “The recent launch with leading Italian operators Snai, Gala Coral’s Eurobet Italia, Sisal, and Cogetech set our foothold in the Italian market which will lead to a prominent position in that market. The launch of the play for real network in Italy testifies to our extensive experience in penetrating new regulated markets with our best of breed software platform.”

Online Casino Cost More then Real Life Casino

January 14th, 2009 admin News 0

gambling Online Casino Cost More then Real Life CasinoAccording to the operator of one Internet gambling site, the people who tried their luck gambling on online casinos lose money twice as fast as their counterparts in a real-life, physical-world casino. In 2002, online gamblers were expected to lose some $3.5 billion. Every week about 2 million people visit any of the more than 1,800 virtual casinos and making it one of the Internet’s fastest-growing industries.

Online gambling is an industry that’s virtually free-for-all, because unlike real-world casinos in the United State, virtual casinos are operated offshore. Some credit companies even rejected the transactions between the customers and online casinos and the pressure was coming from the government. However, things get more serious when recent study shows that, almost 70% of teens age 13-17 said they had gambled at some point in their lives, despite the fact it is illegal for them.

So, although the online gambling is becoming popular day by day and the amount of people wasting the money behind online casino is immeasurable. Only the self awareness of the individual can solve this problem.

3D Slot Machine Introduced In Southern California

January 10th, 2009 admin News 0

slot 3D Slot Machine Introduced In Southern CaliforniaIn recent times casinos have to always come up with various ways to attract different customers. The casino industry has become saturated to the point where each new idea could mean the difference either gaining or losing a potential gambler. In Southern California this is particularly true as Governor Schwarzenegger led a charge to expand casino gambling in the state last month and that decision has led to terrific competition. So, every casino is trying to get one step ahead of each other. As a result, most of them provide different offers.

The San Manuel Indian Bingo and Casino, one of the well-known casinos, is turning to 3D slot machines so that it can lure people. They think that customers are sick of simply hearing bells go off and that gamblers are ready for the next step in entertainment and amusement from their slot machines. As an example, Reel Depth is the brand of the slot machines. Those machines are different from any ordinary slot machine. The casino will no longer get to worry about replacing reel strips and making any modification to machines. The old system was machines being taken from the casino floor for some periods of time when those were replaced. However, the new machines will prove to be more cost efficient and easy to maintain for San Manuel.

The most advantage of the new machines is that consumer will not have to wear any type of 3D glasses to get experience the full and complete effect of the machines. Modern multilayer display technology is used in these machines to create the 3D effect. Another advantage is that when any gamblers win or get into bonus rounds on the machines; then special 3D animated figures will demonstrate up on the screen, leading to various colorful shows for consumers. Many experts hope that the recent move to the 3D machines by San Manuel is going to next trend in casino slots though few oppose the opinion.

European Union investigates U.S. Online Gambling Laws

November 24th, 2008 admin News 0

poker laws1 European Union investigates U.S. Online Gambling LawsThe European Union recently declared that it would investigate whether U.S. laws ruling out Internet gambling violate international trade rules. The European Commission has decided to start an inquiry into United States measures affecting foreign suppliers of Internet gambling services, inside the structure of its Trade Barriers Regulation (TBR).

The proposal was made by the Remote Gambling Association representing European operators. European online gambling companies claim that the U.S. Justice Division inquiries into their actions abuse world trade rules. This newly investigation will survey the next five to seven months, could result in the EU task action against the United States at the World Trade Organization. The main aim of EU (European Union) is to find is whether online gambling companies are partially being pushed out of the U.S. market.

So it is a big complains against U.S. Justice Division. If it is true then US should not be allowed to enforce its gambling laws selectively against foreign suppliers. European betting sites arguing that U.S. laws break international trade rules at the center of the objection make the difference of how and where bets are located. The European Online gaming companies, such as PartyGaming and Bwin Interactive Entertainment, complained in December that the US Justice Division crackdown on internet betting had singled out foreign companies. By U.S. crackdown on online gambling they took out billions of euros off the reserve market value of the European online gaming zone.

But it is great news for the other country that the WTO (World Trade Organization) has already ruled that the U.S.’s crackdown on online gambling is certainly unlawful. Others, the new observation team will present its result in an inquiry report which will go ahead to the launch of WTO proceedings ought to this be warranted. The EU commission will hardly handle this complain.

The U.S. has the right to address legitimate public policy concerns relating to Internet gambling, but discrimination against E.U. companies cannot be part of the policy mix, said E.U.