Месяц: Август 2014

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The gambling industry continues to grow in the US

With just a little over a week into the regulated online gambling industry in New Jersey, things are looking very good and the importance of the Garden State offering legal iGaming options is already starting to show. While it was not the first state to legalize or launch real money online gambling, New Jersey has quickly become the major player in the United States and the successful launch has already got other states wondering if they should do the same.

Pennsylvania examines online possibilities

More States Want To Expand Online And Land-Based GamblingPennsylvania has had an inclination towards gambling for quite a while and with its neighboring state now having over a dozen websites for residents to choose from, the state Senate committee has made the decision to look into the possibility of legalizing online gambling as well. The announcement was made earlier this week as the state legislature was asked to analyze the pros and the cons of launching online gambling in Pennsylvania, with intrastate compacts being a possibility down the road.

The full Senate took a vote on Wednesday and passed by 47-1 as President Pro Tempore Joe Scarnati supported the idea through the process. The only vote against intrastate online gambling in Pennsylvania was from Republican Scott Hutchinson, who is known for being against most gambling expansion bills.

Now it is up to the Legislative Budget and Finance Committee to study the market and see if it is worth legalizing, launching and regulating online gambling in the state. The process has to be complete until May 1 and the information will then be presented to the Senate for another vote. If all goes well, the online gambling proposal can make it into the budget proposal of the state for 2014-2015, but it will have to be done before July 1.

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Pennsylvania has become one of the big casino players in the region since the legalization in 2006, taking a significant number of players from New Jersey. The battle now continues as Pennsylvania might be forced to legalize online gambling in order to remain a leader in the area.

Delaware looks to expand land-based

More States Want To Expand Online And Land-Based GamblingOne of the three states to have legalized online gaming is Delaware, which launched with three online casinos in early November. After almost a month of regulated online gambling, Delaware is now looking to add more land-based casinos to the list in order to help it compete with the bigger states like New York, New Jersey, Pennsylvania and Maryland, as most of them are also expanding the number of casinos they have within their borders.

The panel has until January 31 to file a report that shows if adding more casinos to Delaware can improve its position compared to other states.

California remains interested in online poker

One of the biggest states for online gaming is certainly California. While the state has not yet made any big moves towards legalizing online poker within its borders, there have been a lot of talks about the potential that 2014 brings to the table.

With 38 million people and the eighth largest economy in the world, California can become the leading state if it manages to legalize online gaming. The state is already familiar with poker as it has more tables than any other state in the nation and has recently held a huge tournament with a record-breaking $10 million guarantee, which was destroyed by the great number of players that showed up.

Singapore may finally be about to bring the axe down on online gambling in the country. Singapore has already implemented a series of rigorous and stern security measures to stop their own people from playing, including banning residents from appearing in either of the two land based casinos in the country. Now it appears as though online gambling is the next item on the agenda that they wish to tackle.

According to the Second Minister for Home Affairs, it is the goal of the current Singaporean government to amend their own laws, to prevent illegal crime organisations raising funds through online gambling, which could be used to further illegal activities. The move comes after a recent speech by the same official, stating that online casinos were more addictive than land based ones in the country. The latest statistics seem to back up the minister’s point, revealing that almost a third of the country’s residents have gambling online at least once, in the last 365 day period.

But how would Singapore go about banning online gaming within its borders? According to the government, they could invoke a law that blocks the IP addresses of gaming domains, as well as asking banks and online payment operators to deny all transactions related to gaming from reaching their destination. The government could also ban all forms of advertising for online gaming in Singapore, whilst at the same time issuing more power for the authorities to tackle those sites which provide gaming facilities to the people of Singapore.

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Generally, whenever a country has attempted to ban online gambling thus far, a series of black market operations pop up. Many pro-gaming advocates are concerned that by closing down legal gaming sites, that the country will inadvertently open themselves up to illegal gambling with potentially dangerous consequences. Far less severe alternatives are also a possibility, as many casinos could still offer their services to players based in Singapore through other means, such as offshore sites, and as Belgium and the United States have found, there are always ways to get money into accounts, and to dodge IP blocking software.

The warnings from the pro-gaming advocates, comes as they look to other Asian countries. In those countries where gambling is not illegal, there have been far fewer illegal gambling rings surfacing. Surely then, it would be smarter to advocate online gambling through licenses, to keep a tighter grasp on it, in much a similar way as Hong Kong does?

Nothing is set in concrete yet, but as things stand, Singapore could soon be wielding the chop to online gambling in all forms.