Category Archives: Online Gambling

Several Bitcoin casinos are all over the online gambling community, but the most peculiar is the Bitcoin dice casinos. The reason for these ranges from the concept of the Bitcoin dice game and the thrills that come with the rolling of dice. Note, however, that the Bitcoin dice games mean you play with cryptocurrency, bitcoin. So, both your stakes and potential earnings are paid in Bitcoin. Bitcoin dice games are pretty easy to play, and that also adds to why several online gamblers are always looking forward to the Bitcoin dice games. Once your wager is set, all you need do is click the roll button, and the game is on, unlike the physical casino where you get to throw the dice, which most times might have been rigged.

Several individuals still find theBTC dicegame a little complex, majorly because they have recorded more losses than wins, and its normal to think in this direction. Nonetheless, these games remain the most straightforward online casino games you can play, especially with cryptocurrencies.

Stating accurately some of the reasons behind the popularity of the Bitcoin dice game is somewhat easy. The concept of the whole game is 100% straightforward, meaning even as a newbie, you can get the hand of the game almost immediately. Here are some of the reasons why this variant is quite popular

More than other games, the Bitcoin dice game has a relatively low house edge. Know that with dice games, there are reductions in the advantages the house has over the player. Hence,BTC dicegames are one with an even playground for both the players and the platform. Because of this singular reason, several online platforms decided to make the Bitcoin dice game the top game on their online casino hence, an avenue to promote and publicize it. Every player wants to win, and the Bitcoin dice game gives you that opportunity to showcase your gambling expertise by playing on platforms with a comparatively lower house edge.

This process is automated and one of the several reasons why the online casino platform is preferred compared to the physical casino. You dont need to throw the dice or try rolling as many figures as you want. You can achieve the throw with a button.

One of the essential characteristics of gambling with cryptocurrency is anonymity. Unlike fiat gambling, where you must submit your bank details, residential address, and other personal information for verification, bitcoin dice games do not include those. In fact, since you are depositing and withdrawing crypto, all you need to do is provide your correct wallet address for deposits and withdrawal of stakes and winning, respectively. You dont need to share your biodata with your platform or any other third-party platform before you can make or withdraw payment. So its 100% secured. Your identity is protected, as some individuals do not want to be affiliated with gambling, either based on personal reasons or other cogent excuses. The fact remains if youre going to keep your identity anonymous while on online casinos, chose theBTC dicegambling platforms.

This is one of the most important reasons why the Bitcoin dice games, or why online gambling platforms, are popular than traditional gambling. With the physical gambling at the casino house, you get to maintain and observe a long queue of deposits and withdrawals. So, it mostly takes a more extended period before your transactions are processes (both deposits and withdrawals). Most players lose interest in the game they intend to play as a payment method was a significant barrier, and it was starting to affect the sales of casino houses. But for technology, we now have casino houses online where you dont have to observe long queues before making your deposits and withdrawals. These online platforms are now adopting cryptocurrencies to increase transaction speed for deposits and withdrawals to make gambling more enjoyable. Transactions related to cryptos are faster compared to traditional fiat.

Aside from bitcoin being the most popular cryptocurrency, bitcoin is such that its pretty easy to use and transfer. It is the perfect means of exchange and the main reason why it is mainly preferred on online casinos. Bitcoin, even to date, remains the widely used cryptocurrency and most feasible inasmuch as winning on online casinos is concerned. About 200+ bitcoins were won on an online casino in 2016. Playing online casinos with bitcoin could also serve as a form of investment as bitcoin price is not stable.

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Why is the bitcoin dice game one of the most popular on online casinos? - PVP Live

LAS VEGAS--(BUSINESS WIRE)--AptPay, a payment processor disrupting how companies send money from across the street, to around the world, has partnered with NRT Technology and Mastercard to enable casinos and online gaming sites to instantly disburse winnings into a bank account, prepaid card or mobile wallet for guests and players.

This service, called smartSEND, will be available to all land-based and online casinos in North America via NRT Technology and will be launched at the Global Gaming Expo on October 5th. The solution uses Mastercard Send, a global push payments platform that enables funds to be sent securely and in near real-time into any payment card or account.

According to Accenture, Nearly 420 billion transactions worth $7 trillion may shift from cash to cards and digital payments by 2023 and as much as $48 trillion by 2030. With this rapid shift to digital, businesses are looking to speed up the process for disbursing funds to the end customer.

Suganthan Vishnu. Krisnarajah, President of AptPay said, In an ever-evolving payment ecosystem the end goal has always been to make payments faster and more secure, AptPay has been able to do both with our direct connection to the networks. We have combined the approach of a Fintech and a Regtech, where compliance is key in protecting both consumers and businesses alike. With the AptPay solution, not only do we provide real-time disbursements, but we also rigorously monitor transactions and keep bad actors out of the flow. The key difference between our system and that of traditional disbursements is that our service is available 24/7/365 including evening and weekends.

The gaming and gambling industries continue to grow, with the global gambling market expected to reach revenues of $525B by 2023. As the digitization of the gambling industry accelerates, largely enabled by mobile and online gambling, customers at land-based sites are seeking services that are personalized and offer maximum efficiency. smartSEND is designed to address these needs and provide a better and more enhanced entertainment experience to customers.

Michael Dominelli, President of NRT adds, "This is one of several key strategic initiatives for NRT. Expanding our payments eco-system is front of mind as we work to continually improve the guest experience revolving around payments and information intelligence. Our smartSEND solution is integrated into various casino touchpoints within the customer journey and removes the friction traditionally associated with paying out winnings by enabling instant and easy payouts.

The AptPay platform has enabled NRT Technology to offer clients a seamless, one-stop instant payout service across touchpoints, both for in-person and online environments - where convenience and safety are key.

About AptPay (https://www.aptpay.com)AptPay is a fintech processor based out of Toronto, Canada. The AptPay Hub powers payment services for businesses across a network of connected financial institutions and integrated payment rails. AptPay provides services for the growing payout and money-in needs of a broad range of industries, today and into the future. AptPay is a one-stop platform where payouts are made to customers seamlessly, without friction, safe and in real time.

About NRT (https://www.nrttech.com)NRT is a global technology leader in the design and development of next-generation fin-tech and guest and player engagement platforms. Enabling millions of unique guest services for enterprise gaming operators. Our solution portfolio includes secure payment systems, specialized financial and marketing kiosks, AML compliance tracking, financial intelligence solutions, electronic marker solutions, digital loyalty, marketing and our industry leading intelligent table game platform, seamlessly combining technological innovation, in-house infrastructure, and strategic partnerships, NRT creates the most convenient, reliable, and secure omni-channel payment ecosystem for casino operators and their guests. Our collective solutions are used by casinos, race and sports operators, lotteries, banks, and retailers globally.

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AptPay and NRT Technology Launch Instant Payout Service for the Casino & Gaming Industry - Business Wire

MarketsandResearch.biz released a report on Global Online Gambling Game Software Market from 2021 to 2027. The Online Gambling Game Software market provides an in-depth analysis of the market overview, share, size, and growth prospects that impact the markets growth. The report analyses factors influencing the market from both the demand and supply sides. The report offers key drivers, restraints, and opportunities and a detailed analysis of the Online Gambling Game Software market.

Apart from this, the report illustrates the comprehensive qualitative and quantitative analysis of revenues, key developments, historical data, and the fundamental approaches that key companies adopted in the Online Gambling Game Software market. The report offers key vendors analysis and company revenue shares to provide a more comprehensive overview of the market players in the Online Gambling Game Software market.

DOWNLOAD FREE SAMPLE REPORT: https://www.marketsandresearch.biz/sample-request/171302

The study delivers a comprehensive analysis of the global Online Gambling Game Software market for type and application segments and regions. The report covers a comprehensive analysis of the different industrial growth approaches that helps determine the predominant segments and know about various factors. The report also consists of the Online Gambling Game Software market dynamics scenario, along with the markets growth possibilities in the years to come.

The report also delivers in-dept analysis on the different types and application of Online Gambling Game Software thus making it precisely useful in making important corporate decisions. The study covers market share comparison, value, volume, and revenue comparison for each of the type and application.

The different type of Online Gambling Game Software covered in this report are

The different applications covered in the report are

Another important analysis covered in this report is that of key manufacturer data. This section covers the company profiles of all the leading players within the Online Gambling Game Software market along with the data like market share, production, sales, revenue, growth, etc.

The major players covered in this report are

ACCESS FULL REPORT: https://www.marketsandresearch.biz/report/171302/global-online-gambling-game-software-market-2021-by-company-regions-type-and-application-forecast-to-2026

The report also provides global data for the Online Gambling Game Software consumption.

The major countries covered in this report are

Customization of the Report:

This report can be customized to meet the clients requirements. Please connect with our sales team (sales@marketsandresearch.biz), who will ensure that you get a report that suits your needs. You can also get in touch with our executives on +1-201-465-4211 to share your research requirements.

Contact UsMark StoneHead of Business DevelopmentPhone: +1-201-465-4211Email: sales@marketsandresearch.biz

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Online Gambling Game Software Market : Global Industry Perspective, Comprehensive Analysis, Growth Opportunities and Forecast to 2027 Bulk Solids...

The online gaming industry across India is growing at an extraordinary rate. As of 2021, the industry is valued at around $900 million. But projections estimate its value will rise to a phenomenal $112 billion by 2025. This would suggest an overhaul of existing online gaming regulations is required, especially for online gambling activities.

The increased interest in online gaming in India has been attributed to multiple factors, not least having one of the youngest populations in the world. When youth and online gaming typically marry hand in hand, its easy to see why the country is becoming a hotbed for gaming. Other reasons for the uprising in gaming are widespread internet access and around 750 million residents owning smartphones.

Online casinos in India

The online gambling industry is one piece of the online gaming pie that is becoming more popular. Accessibility is one of the reasons for this, but another is that game developers are now creating casino games that merge classic games with Indian culture. For example, a Hindi version of crowd-favourite roulette can be found at some of the best sites, and local Rummy games are being revolutionised online, making some games more appealing than ever before.

But, is online gambling even legal?

There is no straight answer to whether online gambling is legal in India, and it is somewhat of a grey area. The country is divided into 27 autonomous states, each with jurisdiction over its own online gaming laws, and therefore different rules apply across the country. Sometimes a distinction is made between games of luck and skill.

At a national level, three pieces of legislation govern online gambling despite some of them being written before online casino websites existed. They were enacted in 1867, 1955 and 2000.

The Public Gaming Act 1867 states that gambling is illegal, although the internet had not even been invented at this time. Whereas The Prize Competition Act 1955 states that competitions are unlawful when the winnings of those competitions exceed a prize pool of 1,000 Rupees each month. However, the Information Technology Act 2000 does not explicitly state that online gambling is illegal.

Online gambling regulations overhaul needed.

The current state of play regarding online gambling legislation is considered dangerous to the Indian economy. The nation clearly has a thriving market for online gambling, and local casino sites could generate large amounts of taxation for the country. By legalising online casinos, the economy would also benefit from hundreds if not thousands of new jobs and more tax for the government.

In the same breath, it will prevent Indian residents and citizens from choosing to play at illegal casino sites or underground casinos where there are more significant risks to their safety and money. Moreover, it would stop them from being lured towards legal overseas casinos, which contribute to the successes of other countries with thriving gaming industries. In a nutshell, India may be missing a trick in its own backyard.

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India's Attitude to Online Gaming - The Citizen

Internet Vikings has partnered with PlayStar Casino to support the Swedish operators big push into the US market.

The supplier will provide its hosting services to PlayStar as it embarks on its inaugural US iGaming venture, with its operations in New Jersey expected to be up and running by early 2022.

Commenting on this new partnership, Adam Noble, PlayStars Chief Business Development Officer, said: We are thrilled to enter this agreement with Internet Vikings to support our launch into New Jersey. Sportsbook and iGaming hosting is a very different landscape in the US compared to Europe and that presents a number of challenges.

This partnership allows us to get on with our core business, safe in the knowledge that our technology stack is in good hands.

Internet Vikings has a longstanding reputation in the European iGaming space, and went Stateside in July 2021 with the launch of its services in West Virginia and Colorado.

This agreement will mark the providers expansion into New Jersey, a crucial jurisdiction for any business involved in the US online gambling sector, but a difficult one to break into.

The East Coast state brought in 21.5% of the total US online sports handle out of 15 states for the first half of 2021, and it reported a dramatic increase of 29% in online gaming revenues for August when compared to the same time last year, totalling $113.2m.

We are extremely proud for two reasons. First of all, entering New Jersey is an achievement on its own. Currently, its the most sought after, yet difficult to enter, state in the US, said Peter Ekmark, Internet Vikings CEO.

Secondly, we are very excited to continue this journey alongside our clients who place their trust in us and our products to support them at such a pivotal stage of their business lifecycle, and we are not planning to stop here.

We will continue to expand and transform so that we can fulfil the needs of our clients at every step of their growth process.

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Internet Vikings to host PlayStar Casinos operations in New Jersey - Gambling Insider - In-depth Analysis for the Gaming Industry

Consumers splashed out on food delivery, electronics and gambling apps during the 2021 lockdown, but reined in spending on homewares and office equipment.

Data on Australian spending produced by consultancy Accenture and credit bureau illion, which draws on anonymised bank transaction data, reveals how the countrys second extended lockdown has built on trends that began in 2020.

It showed that home delivery, a pandemic boom sector, continued its surge in recent months. In 2020, delivery spending shot up to 132% higher than pre-pandemic levels.

In 2021 it jumped to levels 203% higher than the norm.

The data shows the significant rise in spending on consumer electronics, pets and alcohol, consistent with last years lockdowns, has been repeated this time around.

However, the soaring investment in homewares and home offices in 2020 when the majority of the countrys office employees were forced to work from home did not, with spending on furniture, office equipment and hardware in Sydney and Melbourne much lower over the past four months.

Spending on online gambling has similarly peaked in Australias two biggest cities in the most recent lockdowns, at 329% above normal levels.

That surpasses the gambling surge during last years lockdown, which hit levels 215% above the pre-pandemic norm.

Andrew Charlton, managing director at Accenture, said national data showed online gambling spending had been elevated since the 2020 lockdowns, signalling what could be a lasting shift in consumer behaviour.

It appears many people have been introduced to online gambling during lockdowns, Charlton said.

The figures also show that when lockdowns were imposed in March of 2020, spending on consumer electronics leapt to 160% above normal levels, before falling back to pre-pandemic norms earlier this year.

But over the last three months, the amount spent on electronics has again surged, up to almost 150% above usual pre-pandemic spending levels.

Similarly the amount Sydney and Mebournes locked down residents shelled out on their pets rebounded this lockdown period. Spending during this years lockdowns is currently 66% higher than pre-pandemic norms, with the data suggesting this area of expenditure saw an uptick during 2020s stay-at-home orders and have remained elevated since.

The data shows supermarket spending skyrocketed in the early weeks of last years lockdown, as panic buying sparked by uncertainty around the pandemic drove consumers to stock up. Spending in April last year was 123% above the average for that month.

This behaviour did not carry over in a meaningful way into the beginning of the second extended lockdown, with consumption in late June sitting around the average pre-pandemic levels.

Food delivery spending has been slowly rising and continued to do so in the months between the first and second periods of lockdown.

In April last year, the amount spent was around 120% higher than pre-pandemic averages.

However by January of 2021 this had reached almost 200%, and by July of this year food delivery spending was almost 200% above pre-pandemic levels.

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Locked-down Australians have been splurging on food delivery, electronics and online gambling, according to new data - Business Insider Australia

FRANKFORT, KY (WOWK) Flutter Entertainment, the Parent company of PokerStars, has agreed to pay Kentucky $300 million to settle a lawsuit brought against the internet gambling site in 2011.

Kentucky Governor Andy Beshear says J. Michael Brown, the Secretary of the Justice and Public Safety Cabinet in 2008, brought actions on behalf of Kentucky in Franklin Circuit Court to stop the unregulated, untaxed and illegal offshore gambling operations running in Kentucky.

PokerStars collected almost $300 million in actual cash losses from thousands of Kentuckians who played on PokerStars websites from 2007 to 2011.

Under Kentucky law, the state brought an action against PokerStars seeking recovery of the nearly $300 million lost by its citizens and trebled as required by Kentucky law damages.

Last year, the Supreme Court of Kentucky affirmed that judgment, which was rendered in December 2015.

Flutter Entertainment and its subsidiary, PokerStars, are located in the Isle of Man, United Kingdom. PokerStars claimed that the English Protection of Trading Interests Act of 1980 could have prevented the commonwealth from collecting the damages upheld by the Supreme Court of Kentucky.

The $300 million settlement amount is nearly $10 million above the actual damages awarded by the courts, which was $290,230,077.94.

In April 2021, the Franklin Circuit Court ordered a bond of $100 million to be paid. The bond payment was received in May, and an additional $200 million was added to it.

Kentucky law says the proceeds from the settlement will go to the General Fund.

After 10 long years, the commonwealth has not only prevailed, but collected dollars that the General Assembly will be able to direct to critical areas, like education, health care and economic development.

For local and breaking news, weather alerts, video and more, download the FREE WOWK 13 News App from theApple App Storeor theGoogle Play Store.

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Kentucky to receive $300 Million from online gambling lawsuit - WOWK 13 News

(Editors note: You can reach the Michigan Problem Gambling Hotline at 1-800-270-7117.)

After a record August for Michigan online casino revenue and the return of football this month, who knows what kinds of numbers were in for this September?

Nine figures of internet gaming revenue? A record $400 million of football bets online in a single month? How about $500 million?

Thats all on the table here in Michigan, as we write this, in late September.

Those are good numbers for the balance sheets of casino companies and the tax coffers for state, local and tribal governments.

But as weve covered here at PlayMichigan, there is an obvious downside with more access to gambling. That means lots of Michiganders losing millions of expendable money, and others who may be crossing a line into problem gambling territory.

Heres a snapshot of where were at, as Responsible Gaming Education Week wraps.

Along with the launch of online gambling in January, the Michigan Gaming Control Board developed the Responsible Gambling Database, as dictated by the new laws.

A spokesperson for the MGCB said the agency has received 47 applications for the Responsible Gambling Database. (Note: Applications are available here.)

In addition, individual operators have self-exclusion programs on top of the states effort, though the MGCB did not have data on those.

The new database is in addition to the Disassociated Persons List for exclusion from the Detroit casinos, which had existed since 2001.

Through Sept. 1, 4,913 applications for the DPL have been processed in more than 20 years. In 2020, 67 applications were processed in a year the Detroit casinos were mostly closed. So far in 2021, 83 applications had been processed.

In addition, legislators added a new law in October of last year allowing residents on the DPL to apply to come off the list after five years.

Since that time, 661 residents have been taken off the DPL, including 546 this year.

Responsible gambling advocates endorse the law. They say that the removal process makes going on the list less of a deterrent at the outset than a lifetime ban.

Awareness is one of the key issues with problem gambling.

Michiganders can recognize problematic signs with their own habits or, perhaps even more importantly, find signs of destructive behavior in others.

To that end, new MGCB executive director Henry Williams told PlayMichigan over the summer that the agency will develop informational literature that will be distributed to Michiganders about responsible gambling signs and resources.

The MGCB spokesperson said Friday that the literature is going through final review before publication.

An uncharted frontier in the marketing of sports betting in Michigan is through college athletics programs.

A school such as Michigan or Michigan State could add an athletics revenue stream by partnering with a sports gambling company, such as how Colorado first did with PointsBetlast year.

However, even more exposure for gambling companies and the negative connotation could be a bridge too far for some universities to swallow.

Last week, Louisiana State University teamed up with Caesars for sponsorships, naming rights and other branding placements.

A money grab like that would be disappointing for some, and perhaps a step in the wrong direction.

But with more universities inevitably partnering with more gambling companies, perhaps a Michigan school could build in a research and assistance component to the sector, funded by the company, to help the fight against the industrys pitfalls.

Louisiana is also the site for a lauded program Michigan could copy to fight problem gambling.

Michael Burke, executive director of the Michigan Association on Problem Gambling, has advocated for an inpatient gambling disorder treatment facility. Burke points to the Center of Recovery (CORE) in Shreveport, Louisiana, for what could be a model for other states to follow.

Of course, funding is the issue there. Burke has said he used to advocate for public funding through the tax revenue gained, but has since shifted his focus on hopes for an operator to fund such a program as part of a PR move.

Then again, admitting there is a problem is a form of self-sabotage for a company, too. It would be quite a step, and a commendable one at that, for a company to take.

The Michigan gambling market has brought a lot of new money into the industry, and companies are certainly living up to their end of the bargain by paying their tax obligations.

But other than tax money and a new form of entertainment for residents, what has the industry delivered on a local level?

Other states are getting more: PointsBet created jobs by setting up US headquarters in Colorado. and FanDuel is bringing a technology hub (and 900 jobs) to Georgia, for instance. None of the companies has sought Michigan as a hub for, anything, really. Casinos had added sportsbook writers to physical locations, and the Evolution live dealer studios added jobs to Southfield. But nothing has arrived on a large scale.

Perhaps responsible gambling could be an avenue to deliver something big here, whether a research-based search for solutions or an inpatient treatment clinic for rehabilitation.

Michigan also has a big governors race coming in 2022, and well see if candidates bring the online gambling boom either its benefits and pitfalls to the forefront of the campaign.

Heck, maybe a PlayMichigan reader has a good idea for things that could come here to bring positive ends for Michiganders. Contact us if you have any ideas.

Because, along with some unquestionable good, we also know a lot of bad has come with the territory.

(You can reach the Michigan Problem Gambling Hotline at 1-800-270-7117.)

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Michigan Online Gambling Numbers Rise: Does The State Have A Problem? - Play Michigan

Why is gambling so popular nowadays? Why do new casinos not on gamstop 2021 receive more and more people, but their popularity does not cease to grow exponentially? This question is often raised by relatives and friends of gamers because they do not understand why gamblers choose to spend their leisure time with spectacular slots, a family vacation, or other entertainment. The same gamblers themselves usually can not even explain why they continue to play, in spite of the misunderstandings or troubles in life. Such entertainment serves as a way of escaping from real life and self-effacement from stressful situations or problematic issues.

The name of the dice game in Arabic Zar gave the name to all art games. Dice is one of the oldest games in the world and was entertained by our ancestors in ancient times. Dice with dots were found during the excavations of the Egyptian pyramids, referring to the year 2000 BC. A similar version of the game was also known in the era of the Roman rulers. Many people spent their leisure time playing dice with their servants. Contemporaries noted no small pathological addiction to gambling in the emperor Caligula.

In the Middle Ages, many people willingly played thimbles, which were imported from India. Although this type of game was popular even during the dominance of ancient Greece. Playing cards came to Europe from the east of Asia. The Japanese and Chinese used bamboo and wooden boards with different images to play cards.

After a while, gradually began to appear all kinds of versions of card games, which entertained the frequenters of brothels and gambling establishments, as well as the nobility and the nobles at receptions or receptions in the palaces. During the reign of the tsarist dynasties of Russia in demand remained: point, ninth shaft, Napoleon, Boer, and other versions of card games. Since the middle of the 19th century in great demand in the casinos have become various types of roulette, she dubbed the king of casino games.

Ancient poker is more than five hundred years old. Its new rules were finally formed in the early 19th century. Such a card game successfully differs from the others, in her victory is significantly dependent on the knowledge of the player, rather than on Fortune.

Fans of gambling entertainment fell in love with poker for:

Gamers choose wg casino UK and gambling in particular because they are able to carry out their personal fantasy, solve difficulties and meet their wishes. They are attracted to:

Citizens earn and lose huge capital every day, investing them in all kinds of projects and businesses. Gambling entertainment is just one of the spheres of life associated with risk, where there is an opportunity to win and lose money.

Many people also choose this type of entertainment because they get a significant boost of happiness hormones mixed with adrenaline, and this, in turn, perfectly relaxes and relieves the psyche, refreshes, and improves the mood. That is, it turns out that the player has a rest, playing these games, and also gets an opportunity to supplement their own budget. What could be better?

The world of gambling is a vast line of possibilities and a lot of fun, and its not surprising why these kinds of entertainment are so popular today. Such a niche allows a person to rest, relax and truly feel the taste of life, it is a great opportunity to make new acquaintances and even finds a confident and stable future.

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Why is online gambling growing in popularity? - Floridanewstimes.com

FRANKFORT, KY (WOWK) Flutter Entertainment, the Parent company of PokerStars, has agreed to pay Kentucky $300 million to settle a lawsuit brought against the internet gambling site in 2011.

Kentucky Governor Andy Beshear says J. Michael Brown, the Secretary of the Justice and Public Safety Cabinet in 2008, brought actions on behalf of Kentucky in Franklin Circuit Court to stop the unregulated, untaxed and illegal offshore gambling operations running in Kentucky.

PokerStars collected almost $300 million in actual cash losses from thousands of Kentuckians who played on PokerStars websites from 2007 to 2011.

Under Kentucky law, the state brought an action against PokerStars seeking recovery of the nearly $300 million lost by its citizens and trebled as required by Kentucky law damages.

Last year, the Supreme Court of Kentucky affirmed that judgment, which was rendered in December 2015.

Flutter Entertainment and its subsidiary, PokerStars, are located in the Isle of Man, United Kingdom. PokerStars claimed that the English Protection of Trading Interests Act of 1980 could have prevented the commonwealth from collecting the damages upheld by the Supreme Court of Kentucky.

The $300 million settlement amount is nearly $10 million above the actual damages awarded by the courts, which was $290,230,077.94.

In April 2021, the Franklin Circuit Court ordered a bond of $100 million to be paid. The bond payment was received in May, and an additional $200 million was added to it.

Kentucky law says the proceeds from the settlement will go to the General Fund.

After 10 long years, the commonwealth has not only prevailed, but collected dollars that the General Assembly will be able to direct to critical areas, like education, health care and economic development.

Continue reading here:

Kentucky to receive $300 Million from online gambling lawsuit - Fox 56