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Category Archives: Gambling
Which are the best jurisdictions to get an online gambling license in and why? – Yogonet International
Posted: August 10, 2020 at 4:45 pm
ver the last six months, this already dynamic industry has continued to grow and evolve. As a result, more intrepid entrepreneurs are on the lookout for licensing opportunities to realise their vision.
A growing number of jurisdictions are offering up licenses for online gambling operators, but of course, not all are created equally. Cost, fees, application processing time, terms, limitations, and ongoing maintenance are all factors that need to be considered before a decision is made. After all, making the wrong decision can be detrimental both financially and in terms of your success.
Based on over two decades of experience in iGaming, Fast Offshore brings you the three best (in our opinion) jurisdictions to acquire an online gambling license. Within these licenses, there is something to suit every budget and requirement.
The Island of Curacao is located in the Caribbean Sea and it has been home to a successful financial services hub for around 200 years. Then in 1996, the authorities issued the very first online gambling license. Since then, Curacao has become a go-to place for startups and entrepreneurs looking for licensing for their online platforms.
The Curacao online gambling license is particularly beneficial for these kinds of enterprises as the cost of the license is more efficient than in other jurisdictions. Additionally, requirements and obligations are less complex and more streamlined. This means the issuance time of the license is significantly lower than others, making it an obvious choice for those that want to get up and running quickly.
But by far the best benefit of the Curacao license is the 0% rate tax and no requirements for additional gaming taxes or similar. This key plus-point is still in line with EU rules on tax compliance and fiscal practices.
A First Nations Reserve in Canada, the Kahnawake territory has been offering online gambling licenses to operators that meet its requirements for around 20 years. The Kahnawake Gaming Commission which oversees the applications and supervision of licensees has created a framework that is flexible and amenable to small to medium enterprises.
While the license is a little more costly than Curacaos, it is still cost-efficient and relatively straight forward. There is also zero gaming tax or income tax to be paid on revenue generated outside of the Territory- a great bonus for those on a budget or looking to minimize start-up costs. Furthermore, Kahnawake has a solid reputation and enforces comprehensive compliance, fair, and responsible gaming guidelines.
The fully-fledged EU Member State has been issuing licenses since the year 2000. It has now cemented its place as one of the worlds most respected online gambling licensing jurisdictions. It is home to some of the biggest international gaming operators as well as ancillary service providers including affiliates, software developers, and game developers.
Last year, the MGA made some changes to iGaming legislation that streamlined the licensing process and restructured the fees. Instead of having to apply for a different license depending on the types of games you offer, now, applicants choose between a B2C or B2B license. The process is still stringent and costly- after all such a prestigious license comes at a price.
License holders can enjoy fiscal benefits including a full imputation system on dividends paid to shareholders. They also benefit from operating in and from an EU member state.
The last word
Picking a jurisdiction to start your online gambling or casino business is a difficult process. Not only do you need to consider the licensing process but you should consider the process of company incorporation, tax, banking and other matters as well. Some jurisdictions also have restrictions on where you can offer your services when you are up and running.
Different licensing authorities also have different standards of compliance, policies, responsible gaming, and other operational matters. Therefore, it is wise to engage with a professional who has extensive knowledge of not just the industry, but the intricate requirements of each jurisdiction. Ideally, you want someone that can take care of all matters from start to finish, giving you time to focus on other matters relating to the launch of your new venture.
Posted: at 4:45 pm
The guys begin their NFC Win Totals Preview podcastby breaking down the Mr. Unlimited video aka Russell Wilsons alter ego. Followed up by a quick recap of the PGA Championship include Sean touting his Collin Morikawa pick and Ryan cashing his Jason Day to win the first round.
(08:15) Then theyre joined by Brandan Schulze of the Field Gulls podcast to help preview the 2020 Seattle Seahawks win total. The guys discuss the addition of Jamal Adams, the loss of Jadeveon Clowney and the emergence of D.K. Metcalf. Can the Seahawks cover their 9.5 win total? Will Pete Carroll get more aggressive on fourth downs? Will the Seahawks season truly be UNLIMMMMITED?
(36:00) Next up theyre joined by Ryan McKee host of the NBA Gambling Podcast and site editor at Sports Gambling Podcast. McKee takes a big swig of the Cardinals Kool-Aid with is optimistic take on Kliff and Kyler in year two. Kramer makes a case for Vance Joseph being a decent d-coordinator and their signs for regression from a five win season, while Sean compares them to this years Cleveland Browns.
(65:55) Ryan and Sean are in agreement that this years Los Angeles Rams may be headed in the wrong direction. With Jared Goff, Aaron Donald and Jalen Ramsey eating up a giant portion of the cap do they have enough depth on the roster to succeed? Will more people join Sean on Jared Goff Sucks Island this year? Is there a case that Sean McVay has lost his touch?
(84:45) The biggest question facing the 49ers is how real will their Super Bowl hangover be? Can their DL still dominate without Deforest Buckner? Is there enough surrounding Jimmy G to allow him to succeed? Can Kyle Shanahan still keep scheming up a winning offense? Is their 10.5 win total way too high?
Mr. Unlimited Russell Wilson
The rest is here:
Posted: at 4:45 pm
BOYNTON BEACH, Fla. Boynton Beach police arrested the owner of a record shop Thursday, following a seven-month investigation into an illegal gambling operation at the store.
The owner of the Caribbean Record Shop, 49-year-old Alison J. Henry Abner, was charged with keeping a gambling house and bookmaking.
Police arrived at the record shop with a search warrant and found Abner behind the cashier window. One more person was inside the shop at the time, 34-year-old Adjiny Haiti.
During the search, police found laptops, desktop computers, several printed gambling tickets, gambling receipts, bank deposit slips, business documents, and $6,100. They also found $2, 173 bundled together in the main office that consisted of 12 separate payouts, each with a gambling ticket attached, police said.
More money was found throughout the shop. Police said $511 was found in the main office inside a desk, along with another $554 in a different desk. They also found $2,573 hidden inside a bathroom wall and a little over $200 inside Abner's car, which was parked on the property.
According to police, Abner admitted to running a gambling game out of her business but said she didn't know the name of the gambling game. She stated it was a game of chance where a person would pick anywhere between one and four numbers and place money on each number.
Abner told police she takes 100 bets on average a day, which can total anywhere from $3,000 to $5,000 a day in bets. She said she was just the middle man and that the game is run by another male who she only knows as "Geo," who picks up all of the money of the bets and gives her 8 to 10 % of it.
Abner stated she is the only person working at her business and all of her money received from the gambling operation is placed into her business account at Bank of America.
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Craig Carton discusses his gambling and growing up in New Rochelle in upcoming documentary – The Journal News
Posted: at 4:44 pm
Radio personality and New Rochelle native Craig Carton has been charged with fraud.
HBO Sports and StreetSmartVideowill air a documentary about former WFAN sports radio personality Craig Carton in October.
The New Rochelle native was convicted ofconspiracy, wire fraud and securities fraud related to a secret gambling addiction in November 2018.
He was subsequently sentencedto 3 years in prison.
The documentary, titled "Wild Card: The Downfall of a Radio Loudmouth," will include Carton's rise and fall in his own words.
Craig Cartons radio persona gained him a public following, while his private struggles lost him everything one casino run at a time,Peter Nelson, Executive Vice President of HBO Sports, said in a statement. Many knew Carton, but never knew his secrets, as we learn from Carton himself in this documentary about success, self-destruction, lies and blackjack.
Radio Personality Craig Carton on stage during the MR. CHIBBS Opening Night screening and Q&A at the IFC Center on May 3, 2017 in New York City.(Photo: Lars Niki, Getty Images for BMG)
In a press release issued by WarnerMedia, "Carton talks openly about his upbringing in New Rochelle, New York, detailing the childhood trauma he never truly dealt with. He discusses his rise to fame in talk radio that turned him into a star in every market he worked in, culminating back home in New York where he was hired to helm the coveted drive-time morning show in the wake of the downfall of Don Imus."
The documentary is scheduled to air on Oct. 7 at 9 p.m. on HBO.
Christopher J. Eberhart covers breaking news. Click here for his latest stories. Follow him on Twitter @ChrisEberhart2. Check out how to support local journalism here.
Bukit Aman: Owners renting out property to gambling syndicates will face the music as well – The Star Online
Posted: at 4:44 pm
KUALA LUMPUR: Police will take action not just on gambling syndicates, but owners who rent out their property for illegal purposes as well.
"Prior to this, our focus was on the syndicates but now we will be taking action against all those connected to illegal gambling, including owners of premises who have abused their business licenses," said Bukit Aman CID director Comm Datuk Huzir Mohamed (pic).
He said action can be taken under the Prevention of Crime Act (Poca) and Anti-Money Laundering and Anti-Terrorism Financing Act (Amlafta).
"We are seriously considering using these two Acts as certain gambling syndicates have resumed operations.
"Bukit Aman CID has been going all out to combat illegal online gambling since early last year but the activity has returned nationwide, especially in Selangor," he said on Sunday (Aug 9).
"We will cooperate more closely with agencies such as Tenaga Nasional Berhad (TNB) and local councils.
"We will also identify (those involved) and recommend to local councils to revoke the business licenses of those in cahoots with illegal gambling syndicates," Comm Huzir said.
Agencies such as TNB would be tasked with cutting off electricity to the premises used by the syndicates, he added.
Comm Huzir said every OCPD would also be instructed to identify and track down premises owners who assist gambling syndicates in their respective districts.
"I am confident we will be able to eradicate the illegal gambling network, in stages," he said.
Comm Huzir also urged the people to inform the police of illegal gambling activities so that immediate action can be taken.
On Saturday (Aug 8), videos showing illegal gambling taking place and contraband cigarettes being sold in Bandar Baru Sungai Buloh went viral on social media.
An eight-minute video garnered over two million views and another 13-minute clip has over 4.5 million views.
A complainant also alleged that his life could be in danger for revealing the illegal activities.
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Detroit Experts: Secretary DeVos and President Trump Gambling With Lives of Students, Teachers, and Parents By Forcing School Reopenings – PRNewswire
Posted: at 4:44 pm
DETROIT, Aug. 7, 2020 /PRNewswire/ --Detroit experts heavily criticized U.S. Education Secretary Betsy DeVos and President Trump this week on a webinar hosted by the non-profit, Protect Our Public Schools (POPS). The webinar, "How Do We Safely Reopen Schools? Detroit Experts Weigh In," explored the current challenges and issues facing the Detroit Public Schools Community District (DPSCD) with the start of the new school year roughly a month away.
"Given the level of prevalence of COVID in the community right now, opening the schools [means] there will inevitably be cases," said Dr. Eric Kessell, a lecturer at Wayne State University specializing in public health and epidemiology. "If the decision is made to reopen in person, it'll be important to have those plans well-developed and published and vetted within the community."
President Trump and Secretary DeVos are pushing to force all schools to reopen across the country without a safe planregardless of local infection rates. Secretary DeVos has done little to ensure public school districts have personal protective equipment, school nurses, adequate building space, proper HVAC systems, or the expertise to guide schools through this crisis.
"Betsy DeVos, as well as Trump, the puppet master, is playing games with the lives of people all over the country," said Michigan Representative for District 8, Rep. Sherry Gay-Dagnogo. "You can't market your way into convincing parents that it's safe, or teachers that it's safe. There should be a rubric or some type of guideline to highlight checkoffs that show that the HVAC systems are up to date. If they're not new, that they are being serviced regularly."
President Trump and Secretary DeVos are pushing to force schools to reopen at a time when experts such as Dr. Deborah Birx, a member of the White House Coronavirus Task Force, are warning of increased and widespread COVID-19 transmission. Earlier this week, Dr. Birx said, "The epidemic right now is different, and it's more widespread and it's both rural and urban."
LaMar Lemmons, who served as President of the Detroit Board of Education and a former member of the Michigan House of Representatives, slammed the federal approach to reopening schools. "As the billionaire sports entertainment enterprise owners, and their millionaire players cannot protect themselves from COVIDif they're still continuously having outbreaks, how can we protect the least of [us] in the Detroit area," said Lemmons.
Parents, teachers, administrators and public school advocates have pointed to under-investment in education by the Trump Administration as an issue impacting public schools across the country. Out of the roughly $2.2 trillion in the CARES Act, only $13.5 billion of that went to K-12 public schools, or less than one percent.
U.S. Education Secretary Betsy DeVos is currently being sued by a coalition of attorneys general, including Michigan Attorney General Dana Nessel, for unlawfully diverting CARES Act dollars to wealthy, private schools.
"If the President's son's school is not opening, I don't understand why Betsy DeVos is sending money that should be for COVID protection to private schools that are going to do virtual learning," said Dr. Jimmy Womack, a retired physician and former President of the Detroit Board of Education. "What are they doing with that money?"
About Protect Our Public Schools
Protect Our Public Schools (POPS)is a community of teachers, retired educators, students, parents, and citizens who are dedicated to protecting our public schools. Protect Our Public Schools operates as a section 501(c)(4) tax exempt organization.
SOURCE Protect Our Public Schools
Michigan’s Sports Betting and Online Gambling To Bring $650M In First-Year Revenue, According to MichiganSharp.com – European Gaming Industry News
Posted: at 4:44 pm
Reading Time: 2 minutes
Welcome to our weekly roundup of American gambling news again! It was again an eventful week in the USA, despite the still-active virus attack.
Here, we are going through the weekly highlights of the American gambling industry which include the latest news, new partnerships and new appointments. Read on and get updated.
As part of Colombias measures to combat the consequences of the COVID-19 pandemic, a Decree has been proposed, which allows, the operation of gambling halls of mayor districts, if they follow the pilot plan proposed. The municipalities with low cases will be able to implement pilot plans and open doors to bingos and casinos following the measures stated in the decree published by the Colombian president Ivan Duque.
The reopening of Atlantic City casinos has brought many young visitors to the casino-hotels in the state. The operators noted that many of the older regular clients have retreated temporarily, possibly because of the ongoing COVID-19 situations. Also, the operators observed a rise in visitors from the younger generation.
International Game Technology PLC has entered into a multi-year agreement with leading sports betting and iGaming provider, FanDuel Group. As per the agreement, IGTs PlaySports platform will power all of FanDuel Groups new and existing retail FanDuel Sportsbooks across the US through September 2024.
Sportsbook operator PointsBet has entered into a partnership agreement with Twin River Management Group. The agreement will see PointsBet provide iGaming and online casinos in the state of New Jersey.
Leading iGaming platform provider BtoBet has intensified its partnership with Camanbet, with the Venezuela-based operator going live online by making use of the Neuron 3 platform. Camanbet has been present on a national level for the past 14 years, primarily through its vast retail network.
Eilers & Krejcik Gaming, the casino consulting company based in London, has appointed Ross OHanley as its Senior VP. He will focus on expanding the companys consulting services division across the land-based casino market, especially on slot operations and systems technology.
William Hill has launched a temporary land-based sportsbook in the ticket box office area of Capital One Arena in Washington. In this temporary space, the first sportsbook in the Capital district, bettors can place bets through seven ticket windows and there will be nine electronic kiosks.
Everi Digital, the online gaming division of Everi Holdings, has partnered with ROAR Digital, a joint venture of MGM Resorts International and GVC Holdings, to launch three of its popular three-reel mechanical titles on Borgata Online Casino, BetMGM and Party Casino New Jersey. Smokin 777, Meltdown and Double Ruby are available for play now on these market-leading brands for online real-money gaming in New Jersey.
The American Gaming Association has published its new report Casino & Communities: Michigan. The report, which was completed before the nations COVID-19 outbreak, shows how critical casino gaming is to Michigans economy, and consequently, how important gaming will be to the states economic resurgence. The reportshows that the states 27 commercial and tribal casinos have an annual $6.3 billion economic impact on the state.
Nevada gaming regulators are seeking fines against two casinos and a bowling alley, alleging that employees and patrons failed to comply with requirements including a mandate for people to wear masks or face coverings to prevent the spread of the coronavirus.
Global payment technology company Nuvei has received a certificate of registration for sports wagering in the state of Indiana. The approval from the Indiana Gaming Commission authorises Nuvei to provide payment services supporting sports betting transactions in Indiana.
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Posted: at 4:44 pm
SUNGAI BULOH: Police have denied allegations of inaction over illegal gambling activities in the district.
This is in response to viral videos by "Hot Burger Malaysia" which was shared by Facebook user Asri Janggut on Saturday (Aug 8), claiming that police were in cahoots with illegal gambling syndicates.
Sungai Buloh OCPD Supt Shafa'aton Abu Bakar described the allegations made by the Facebook user as untrue and inaccurate.
"Two police reports have been lodged by the Sungai Buloh police station chief and an officer from the Shah Alam City Council (MBSA).
"His allegations could tarnish the image of the police force, especially that of the Selangor police in our efforts to curb illegal gambling in the state especially in Sungai Buloh," she told a press conference on Sunday (Aug 9).
She added that the police are investigating the matter and will call up the man who made the allegations.
"We will record his statement soon," she added
On Saturday, police also conducted six raids, resulting in the arrests of two Bangladeshi men, she added.
"The premises were not the ones highlighted by the Facebook user.
"We discovered the ones he alleged as illegal gambling dens were not in operation," Supt Shafa'aton said.
She also urged the public to come forward with any information on criminal activities but not in the manner that the Facebook user had done.
"Members of the public can also come and meet with me or my officers on any criminal incidents and activities
"We hope for the strong cooperation from people to combat crime," she said.
She also denied allegations made by the same Facebook user that the police report was leaked to the syndicates.
"Any information given to the police will be safeguarded.
"We never close one eye to criminal activities let alone be in cahoots with them," she said.
The Facebook Live videos, which went viral on Saturday had received more than three million views.
The Facebook user claimed that the police were in cahoots with illegal gambling syndicates while the smuggling of contraband cigarettes were also rampant.
He also complained of unfair actions of the MBSA in seizing his burger stalls
Police also conducted a total of 11 raids on illegal gambling dens in Sungai Buloh since early this year, Supt Shafa'aton said.
"The last of the raids were conducted two weeks prior to the videos going viral.
"The 11 raids resulted in the arrests of 10 caretakers and 13 players.
We also seized five laptops and 39 tablets during the operations," she added.
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Pokie Gambling In New Zealand Pubs And Clubs Costing Retail Sector Over $400 Million A Year – Scoop.co.nz
Posted: at 4:44 pm
Monday, 10 August 2020, 4:57 pmPress Release: Problem Gambling Foundation
A recent New Zealand Institute of Economic Research(NZIER) report commissioned by The Salvation Army and theProblem Gambling Foundation estimates that if householdexpenditure on Class 4 pokie gambling was diverted to otheruses, the retail sector could have gained an estimated $445million in 2018/19.
Paula Snowden, Problem GamblingFoundation CEO, says the report highlights the surprisingextent of the drain on the retail sector from gambling onpokies in pubs, clubs and TABs.
With the retail andhospitality sector still hurting from the COVID-19 lockdown,it is time to acknowledge that Class 4 gambling not only hasa significant social cost, but it is also a drain on thewider economy, she says.
NZIER analysis suggeststhat the increased retail sales would generate an additional1,127 full-time equivalent jobs for 1,724 workers, worthapproximately $50 million in wages and salaries. These jobswould be in the food and beverage services, specialised foodretailing, supermarkets and grocery stores.
Withlosses on pokie machines trending upwards year by year, thisreport shows how the economy could benefit from divertingthose gambling losses into spending elsewhere in localcommunities, Ms Snowden says.
Lynette Hutson,National Director, The Salvation Army Addiction Services,says community groups are struggling with the ethics ofbeing forced to rely on pokie money.
Communitiesand community sport are desperate for funding yet rely ongrants from a mere 40 percent of the $939 million lost onpokies in pubs, clubs and TABs in 2019.
If thosetotal losses were spent in local economies, business coulddirectly support their own community interests without theheavy toll being borne by the most deprived communities inNew Zealand, Ms Hutson says.
Jason Alexander,Interim CEO, Hpai Te Hauora Tapui, says Mori aredisproportionately impacted by gambling because 50 percentof the pokie machines are located in areas where Maori andPasifika people live.
We see the effect of gamblingon whnau and children, yet we are using money from pokiemachines to fund communities, with 60 percent of it goingtowards the cost of running the system. Mori have nocontrol on the density of these machines in theircommunities yet experience 2.5 times the rate of gamblingharm, he says.
The report suggests that additionalGST revenue is estimated to be $58.01 million and income taxcollected from additional retail sector workers is expectedto be between $7 million and $7.6 million.
PaulaSnowden says as a nation we need to start thinking aboutwhere the gambling losses that support our good causes areactually coming from.
It is encouraging that ifgambling losses were diverted into the retail and serviceindustries, there would be more employment, more tax andmore business revenue available to sponsor and supportcommunity interests and community sport, shesays.
The full report is attached.
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Posted: at 4:44 pm
By Asik Banerjee
Incidents of gambling at homes in the city seem to be on the rise. Vejalpur police raided a house in Shrinandnagar-3 in the wee hours of Sunday and booked 13 persons for involvement in gambling activity.
This is for the second time in two days that such activities were reported at residences.
They immediately went and raided the house. They found seven persons, including Kayastha (32), engrossed in the game. Upon looking further, they found six other persons gambling in another room.
The cops booked all the 13 and seized Rs 1.22 lakh in cash and other items from them. Besides Kayastha, the others who were booked were identified as Varun Jadhav (36), resident of Parishar phase 2 in Khokhra, Mitesh Bhatt and Anirudh Vaghela (both 32) and Prakash Shrimali (36), residents of Vejalpur, Dhaval Patel (26) and Prerak Shah (33), residents of Shrinandnagar-3, Gota residents Virat Patel (25) and Vishal Patel (33), Paldi resident Saumil Shah (32), Makarba resident Akash Bharvad (24) and Nikul Bharvad (27) and Shrinandnagar-1 resident Ramsundar Yadav (45).
They were all booked under the Gambling Act.
Early on Friday, Bopal police had booked six persons found gambling at a house in Sun City in the South Bopal area of Ahmedabad.