Showing posts with label sports betting. Show all posts
Showing posts with label sports betting. Show all posts

Recently, the online gambling market for international operators has been opened up in France. This is to adhere to the free trade requirements of the European Union. But in order for these operators to begin their online casino gambling business in the country, the new online gambling law of France requires them to obtain an additional French gaming license dictating constraints which are regarded as "excessive" and "draconian".

With regards to the law, there are over 35 online casino operators that resolved to apply for the licenses to operate in the country while many other companies do not take the chance. And also due to this law that there are many others which completely withdraw from the French online casino gambling market.

Last June 9, the full list of the online gambling companies who are given the license to operate in the French market was released to the public. This includes:
  • BetClic
  • Beturf
  • BES SAS
  • Bwin/Amaury Groupe
  • EverestPoker
  • France Pari
  • La Française des Jeux
  • Iliad Gaming/ChiliGaming
  • Pari Mutuel Urbain
  • SPS Betting
  • Table 14

A new gambling bill that reflects gambling websites and operators has began taking action last June 1 after it has been approved by the government of France. There may be others that may say that this new legalization in online casinos discriminates all nongovernmental gambling organizations and creates monopolies in the states.

Many believe that this step is not according to the European Union (EU) standard, and it does not give fair chances to casino websites wishing to establish operation in France. On the other hand, the taxes, fair betting, and avoiding Internet money laundry will come under order due to the legalization of online casinos.

When this new gambling bill was passed in the France parliament, 299 votes support the bill, while 233 votes oppose this and are not sure whether this is a very good idea. However, the numbers are already enough for the bill to be approved.

To a greater extent, senior citizens are getting past their technophobia and coming up with the internet for the first time to play online casino games. Lots of them don't realize that by getting conventional with computer technology they are promoting better health.

Online casinos and sports betting sites make gambling accessible to the extreme and have become a popular outlet for casino enthusiasts. While younger generations have quickly adapted to the online gambling sphere and the resources it offers, the older population is still going through the learning process of how to maneuver computers. Senior citizens who are now being unveiled to the internet as a result of online gambling are proving that it is never too late to do well out of by learning something new.

Lots of senior citizens engage in online casino world for leisure activity. A factual research conducted by the University of Pennsylvania and Penn State University proves this in a study. A recent survey of almost 1,000 elderly people showed that 70% had participated in an online gambling activity in the past year. The connection between this demographic and gambling has naturally developed to new relationships with computers and the elderly community.

There are positives being discussed in academic institutions such as the Pennsylvania universities. Older people are getting over the intimidating and nervous emotions that come with learning something new and they are embracing it as a new educational experience.

Being taught or teaching yourself new things is vital to the brain’s health. Associate Professor Stephen Robinson from Melbourne Monash University’s School of Psychology, Psychiatry and Psychological Medicine asserts that learning new information produces mental stimuli that can promote better health. Activating parts of your brain is important for the elderly because it can stage off Alzheimer’s disease and dementia.

All neuroscientists will agree that conducting new tasks is a healthy formula to help train the connections between brain cells. Senior citizens who are curious about the online world of gaming are in fact being proactive by teaching their brains to learn new tricks. On top of this, playing certain games of strategy like blackjack, poker and baccarat provide additional mental exercise.

In the past, senior centers would plan group trips where people would spend hours of thoughtless time pulling on slot arms. Times are changing now because the alternative of playing at online casinos is more convenient. An older generation is catching up to the times and finding out how stimulating the internet can be.

European online casino operators are telling lawmakers that online gambling prevents cheating on sports bets because would-be fixers are unable to generate wagers large enough to profit from their schemes. According to industry representatives, technology at online casinos and sports betting sites significantly reduces the effectiveness of match corruption.

The European Sports Security Association, created by online gambling operators in Europe to detect and report unusual betting patterns and suspicious gaming, says online wagering helps remove much of the danger of corruption by its very nature. Michael Summer, public relations manager at sports betting site Interwetten, that scandals sweeping soccer did not earn profits online, because systems in place would identify suspicious betting patterns.

"We have suffered in the past due to manipulated results, but we haven't been hurt at all by the current scandal, that's because we have a risk management system that can block attempts at cheating at an early stages." Micheal Summer said.

"All of our customers are identifiable and can't get away with using pseudonyms and false identities more than once or twice, that makes Internet gaming operators far more secure than traditional betting shops." Summer added.

On the other hand, Declan Hill, a British investigative journalist says the hundreds of corrupt soccer results being uncovered in Europe and Asia aren't caused by regulated online casinos and sportsbooks across Europe, but the massive underground gambling market in Asia and Eastern Europe.

"In Asia, the gambling market is enormous - bigger than Las Vegas and the European bookmakers combined, It's huge and most of it is illegal. It's easier to hide a fraud inside a covert, criminal industry." Declan Hill said.

Also he mentioned that legal and reliable online casino and sports betting sites are the most difficult to scam with corrupted results. The online records of identities and transactions bring a level of distinctness that scammers need to avoid, and technology allows the detection of unusual betting amounts and patterns, especially on more unheard-of contests that tend to be the prey of corruptive influences.

As many as 200 matches may have trade-off results across international borders and involving a host of players and referees. However, legal online sports betting services say they were not targeted by the cheaters, as they would be able to spot the fixed matches and identify participants.

The European Gaming and Betting Associatio (EGBA) is the industry body representing the leading online casino and sports betting operators established, licensed and regulated within the European Union. EGBA promotes the implementation of a fair, competitive and regulated market for online gambling operators throughout Europe in line with EU law.

The EGBA presumes that this regulated market should be based on a valid public order and consumer protection concerns and be adapted to the cross-border nature of the online market. A successful regulated market would be based on effective European and international collaboration and cooperation. EGBA is composed of Europe’s top online casino games and sports betting operators, some of which are listed on the stock exchanges of London, Vienna and Stockholm.

The target of the organization are definitely in vulnerablity in Belgium as that country has decided to ignore recommendations from the European Commission and approve in principle. The Secretary General of EGBA, Sigrid Ligne, issued a statement, commenting on Belgium's disregard for E.U. treaty laws, “It is baffling that Belgium does not take into account the opinion of the European Commission that crucial elements of the law are in conflict with EC law requirements. And even more so with a view to the upcoming Belgian presidency of the EU; how can Belgium show leadership in the EU, if it blatantly chooses to ignore the EC Treaty?”.

A majority in the Belgian Parliament voted in favour of the law, Regardless of the objections were raised by some elected officials who brought to point the European Commission concerns including:

    * The requirement for online operators to be established in Belgium
    *The unjustified limitation of the number of available licenses
    *The requirement to have a server located in Belgium
    *Criminal sanctions on consumers wishing to play with EU licensed operators

Secretary General Sigrid Ligne went on to comment, "The law is not only highly questionable from a legal point of view," adding, "In the digital age, limiting the provision of online services only to those exploiting a betting shop or casino in Belgium doesn’t fit with reality. A high level of consumer protection can be achieved by specific and targeted legislation, not by protecting the operators with a vested interest in the current situation."

The new European Commissioner for internal markets, Michel Barnier, from France may have a difficult challenge ahead as he takes on the position from diligent predecessor, Charlie McCreevy. Legal action could be brought against the Belgium State by the E.C. when the law comes into effect.

Some top banking official told Congress that Barney Frank's regulatory plan for online casinos and online sport betting sites would solve the difficulties posed the financial industry by the UIGEA ban.

Samuel Vallandingham, a Vice,-President of the First State Bank of Barboursville, West Virginia, and is also vice-chairman of the Payments and Technology Committee of the Independent Community Bankers of America said, “The added burden of monitoring all payment transactions for the taint of unlawful Internet gambling would drain finite resources currently engaged in complying with anti-terrorism, anti-money laundering regulations, the plethora of new regulations emerging from the financial crisis and the daily operation of community banks to meet the financial needs of their customers”.

Samuel Vallandingham also discussed the scarcity of exposition of illegal online gambling provided in the UIGEA. Because no overriding law exists, he said, banks would have the problematic task of determining each customer's legality with regard to hundreds of state, federal, and local laws. Moreover, also mentioned that the card companies have the advantage of merchant coding to more easily classify casino and gambling transactions, but also pointed out that coding depends on full disclosure by merchants, asking Internet gaming operators to essentially give themselves up.

On the brighter side, some online gambling providers supports the online casino regulations to prevent online gambling and online sports betting scams and other falacies. Like Youbet Chairman Mike Brodsky was amomng the staunchest supporters of regulation, even though the online casino ban supposedly gives the horse race betting his site allows an exemption from blocking of payments. Mike Brodsky said, “Illegal internet gambling in the U.S. is happening right now and is growing, The only way to put any controls is to legalize and regulate it ”.

Also the Harvard University Professor, Malcolm Sparrow support and said, “The U.S. incurs all of the social costs related to U.S. residents gambling online, Legalization with regulation would provide U.S. authorities the power to grant or deny licenses.

Last May 2009, Chairman Barney Frank introduced legislation to delay the implementation of regulations pursuant to the 2006-passed UIGEA, which are set to go into effect December 1, 2009. The regulations were completed by the Bush Administration at the last minute, and the legislation will stop federal regulators from enforcing the UIGEA until Congress has had a chance to decide national policy.

Chairman Barney Frank has also introduced H.R. 2267, the Internet Gambling Regulation, Consumer Protection, and Enforcement Act of 2009, that would establish a federal regulatory and enforcement framework under which online gambling operators could obtain licenses authorizing them to accept bets and wagers from individuals in the United States.

Bulgarian parliament voted at first reading last Wednesday in favor of an increase in the tax rate on gambling activities from 10% to 12% as part of amendments to the Corporate Income Tax Act. Bulgaria Prime Minister, Boyko Borisov, says he wants a higher gambling tax to make up forth budget for not increasing the excise on alcohol.

Moreover, Bulgaria Prime Minister, Boyko Borisov requested that the gambling tax is raised to 15%, no tax on hard liquor, precisely the traditional Bulgarian brandy known as “rakia". On the contrary, The conservative party “Law, Order, Justice” (RZS) and the members of the Blue Coalition had proposed that the gambling tax be raised from its current 10% to 15%, arguing that this should be calculated on a profit basis.

On the same day, the Council of Ministers confirmed that it has accepted only the proposal to increase the tax to 12%, on the basis of turnover. Some of the other taxation actions passed were a quarterly tax on gambling and sports betting. The Bulgarian parliament voted at first reading on November 4, 2009 in favor of an increase in the tax rate on gambling activities from 10% to 12% as part of amendments to the Corporate Income Tax Act.

The latest taxes come into effect in January 2010 as part of a revised Corporate Income Tax Act.

The Bulgarian Association for Entertainment and Gambling Games, which had previously advised that tax augmentation, could be the ultimate damage to fighting gambling companies repeated its warning that the augmented taxation could lead to the collapse of the business, and possibility of 40,000 jobs to be lost and government incomes.

The Chair of the Parliamentary Budget Commission, Menda Stoyanova, declared her support for an increase in the tax on gambling, while the Blue Coalition and the Party for Order, Justice and Equality (RZS) proposed that this tax be increased to 15%. The members of the parliament additionally adopted the proposal of the Council of Ministers to reverse tax concessions for companies having large investments in agriculture, general production, the processing industry, high technologies and infrastructure.

Concessions in the amount of tax paid would be proportional to any donations made to the following Bulgarian organizations: Fund for Treatment of Children, Fund for Assisted Reproduction and Fund for Transplants. The Corporate Income Tax Act bill will now proceed to the mandatory second reading in Parliament.

The former chief of Betonsports, David Carruthers, has been hold in custody for 3 years under house arrest, but after 3 years of being under house arrest, David Carruthers, decided to withdraw an arranged guilty plea just days before he was due to be sentenced by a US court on federal racketeering conspiracy for violating US' swaggering restrictions of online gaming including repeated mail fraud, Wire Wager Act violations, operation of an illegal gambling business and money laundering.

Carruthers declined comment after the court hearing, but said during the proceeding that he initially was unaware online gambling was illegal when he was hired byGary Kaplan in June 2000. Carruthers' attorney, Scott Rosenblum of St. Louis, did not return phone calls seeking comment. However, the company itself, based in Costa Rica, pleaded guilty to racketeering charges in May 2007.

David Carruthers' arrest took place in Dallas airport after coming in from Bahrain. Carruthers was supposed to land in Costa Rica, where the operational base of the company was located.

The purpose and intentions for Carruther's withdrawal of his guilty plea stay behind uncertain. According to a spokesperson for the US attorney’s office in St Louis, Missouri, the prosecutors are not willing to talk about the case. The company’s founder, Gary Kaplan, along with other Betonsports executives, is still pleading guilty.

Under the terms of the plea agreement, BetonSports agreed to supply evidence and witnesses in the cases against Carruthers and the company’s founder, Gary Kaplan, in exchange for which the company was released from the threat of criminal prosecution.

This recent development is expected to catch on the hop the supporters of Carruthers, who have been keeping their fingers crossed on his return home on Friday, at which point he was expected to be permited to return to the UK having already been in U.S. custody for more than three years.

Federal agents have been investigating offshore sports gambling since 1997, and BetOnSports since 2001. After a short legal filing, the court has granted the “motion to set aside David Carruthers' guilty plea.” The hearing for the “change of plea” is scheduled meanwhile for October 14.

The state of Delaware’s appeal of a ruling that its plan to allow betting on professional sports violates a federal ban will not be heard, a federal court ruled on Tuesday, reports the Reuters news agency.

Thomas M. Hardiman, one of 3 judges who ruled unanimously in August that Delaware’s plan to allow point-spread bets on individual games in all major sports from 3 racetrack casinos violated federal law and initially ruled that Delaware's betting plans infringe on a federal ban, wrote that the state's en banc petition was given to all active judges of the 3rd Circuit Court of Appeals and a majority decided not to rehear the case.

The state has one more avenue of appeal, the U.S. Supreme Court. However, Governor Jack Markell's spokesman called that route as "unlikely". Instead, for the predictable future and maybe permanently, Delaware will be limited to "parlay" bets on the outcome of at least 3 National Football League NFL games.

The state's 3 racetrack casinos have been offering such wagers at their betting parlors since Sept. 10, opening day of the NFL season. Governor Jack Markell did not comment straight away. But in a written statement, legal counsel Michael Barlow.

Michael Barlow said, "Obviously, we are disappointed with today's ruling. We realize that it is rare that the Third Circuit will hear cases with all 12 active judges, but this was an important issue for the state of Delaware and we thought the state should have a chance to make its case at trial."

Governor Jack Markell spokesman Joe Rogalsky said the state was still reviewing its options, but was unlikely to appeal to the only higher judicial body, the Supreme Court.

"I'm extremely disappointed," said Bill Fasy, president of Delaware Park, which along with Dover Downs and Harrington Raceway spent a total of about $15 million on fancy sports betting venues at their casinos.

"In the big picture this is a blow to any potential growth in our already saturated market." While Delaware, which expects to bring in for about $249 million in state revenues from its casinos this year and also preparing to offer table games such as blackjack and roulette in the spring that Atlantic City casinos have long offered them.

Delaware sports gambling will be limited to parlay bets on the outcome of at least 3 National Football League NFL games. About $946,000 has been bet so far.

Lawyers for Delaware last Monday appealed a federal court ruling that severely restricted the state's sports-betting plans. The legal move requests to bring back the Diamond State's effort to take bets on a line-up of pro and college sports and on single games. It grapples a three-judge panel madean acute fallacies when it's deciding Delaware could undertake only multigame wagers on National Football League action.

That ruling came in late August, just days before Delaware's 3 racetrack casinos were to begin taking bets they hoped would make the state an East Coast mecca for sports bettors. The federal appeals court and dealt another body blow to Delaware's plans for a new sports betting lottery, saying it must be limited to parlay bets on professional football games.

The appeal says that sports betting in Delaware would violate a 1992 federal ban on such wagering, basically obstructing the state's plans to start taking bets on September.

State officials had planned to offer single-game wagers as well as bets on other sports, but that plan was shot down. The appeal was filed last September 14, 2009. Lawyers for the state assert the appeals court ruling is opposed to previous rulings by the U.S. Supreme Court. Delaware was absolved from a federal ban on sports betting because it conducted an NFL sports lottery in 1976.

Delaware officials were looking forward to offer single-game betting on a variety of sports, not just the National Football League, because it would be more advantageous.

However, lawyers for the major sports leagues and the NCAA, led by the National Football League, sued Delaware last July and successfully argued that the state's plans violated a 1992 federal law that banned sports betting.

The law that was known as the Professional and Amateur Sports Protection Act (PASPA) , exempted Delaware and 3 other states, but only "to the extent" that they offered sports betting previously. Delaware authorized parlay betting on NFL games in 1976, but it was such a failure that it shut it down after one season.

The sports betting launched at Delaware Park, Dover Downs, and Harrington Raceway & Casino Sept. 10, but officials are unsure how much revenue limited parlay wagering will generate. The state was banking on tens of millions of dollars in revenue each year, and the tracks spent millions of dollars to upgrade existing race books that previously offer only full-card simulcasts.

Under a deal with horsemen, the racetracks will pay 9.6% of revenue from sports betting to purses. Horsemen receive 9% of revenue from VLTs; legislation awards purses 4.5% of revenue from table games when they become operational at the tracks.