The battle between the betting establishment and Betfair.com took another turn last week with the news that the UK treasury is set to close a loophole exempting gamblers at betting exchanges from paying tax.
The change in tax rules could happen as early as Wednesday, when the budget is announced. If the rumoured change happens, it could force Betfair to operate offshore. Betfair currently operates from...
The government of New Zealand is considering an increase in its gambling tax. Specifically the government is looking to increase the revenue it derives from the country’s incredibly popular poker machines.
Nestled at $200 million a year, poker machines represent major income to government and are viewed as an luxury tax to punters.
However as taxes raise in the real world, the revenues generated by...
The Las Vegas Review Journal has reported that the SARS (Severe Acute Respiratory Syndrome) virus is taking its toll on Las Vegas.
The casino giants on the Vegas strip fear that SARS will deter Asian gamblers from traveling to the US and their loss is expected to effect casino revenue. Asian high rollers account for a substantial portion of Las Vegas casino revenue.
Compounding to the SARS effect is the...
Comedian Jamie Foxx and his sister were arrested early Saturday after allegedly refusing to leave a casino and then fighting with police officers called to escort them out.
According to police Capt. Marlon A. Defillo, the comedian and sister, Deidra Dixon, refused to show identification when they entered Harrah’s Casino about 4 am, then argued with security guards who ordered them to leave. He said...
Yahoo is introducing a newer, cleaner interface for its online search engine emulating the wildly popular Google search engine interface.
Dan Rosensweig, COO of Yahoo! Search & Marketplace, says the improvements will provide Web users what they ask for in a search engine.
‘In the last eight months, we have conducted extensive research to understand what our users are looking for in a search...
eCOGRA, a new independent responsible gaming organization has been launched two assure players a fair and honest game.
eCOGRA (e-Commerce and Online Gaming Regulation and Assurance) is a non-profit organization backed by two of the largest operators in the online gaming space. Microgaming Software Systems Ltd, software supplier to some of largest casinos on the Internet, and Casino on Net the net’s most...
The Borgata Hotel Casino & Spa is ready to open this summer, but the casino opens with an unfamiliar twist. The new casino will look be utilizing the latest in electronic cash, eliminating the giant plastic cups that under the slot floor – that’s right, coinless slot machines.
However, if you are played at a casino on the Internet with your speaker volume turned too low, you’ll know...
Europe has embraced mobile communications technology far more than the US, so the success of mobile gambling – “m-gambling” comes as no surprise. Europe is proving a hot market for hardware, software and phone companies as Europeans use SMS (short messaging service, or text messaging) technology to gamble on the go.
The mobile gambling market is currently worth an estimated annual $50 million and is...
Hong Kong bettors are awaiting new legislation that would make soccer betting legal and regulated.
Currently, soccer betting, which is wildly popular, takes place either through illegal bookmakers or online. Millions are spent each year Internet and black market wagering over, which the Hong Kong has, no control and no share of the revenue.
But besides providing the Hong Kong government with millions of...
Dead people in America have been using their credit cards to gamble online. At least that’s what might have been happening until a married pair of fraudsters were tracked down in Phoenix.
The pair admitted to stealing identities of the dead and pleaded guilty in U.S. District Court. The two were involved in a $400,000 scam that involved using dead people’s identities to obtain credit...
