News

UK Pushes for Offshore Gambling Controls

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As reported by the UK Financial Times: "Britain hopes to persuade the offshore centres that are reaping the lion's share of the explosion in online gambling to sign up to new controls on the sites.

"Centres that host online gambling sites include Gibraltar, the Cayman Islands, the Turks and Caicos Islands, Antigua and Costa Rica.

"The government plans to invite the International Monetary Fund and World Trade Organisation, along with ministers from all the main offshore gambling jurisdictions.

The slots rate in Valence, Venezuela will be modified

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The municipal council was the one that talked about the increase. Pablo Montoya explained that, given the problems that have happened about the quotas that the township must charge, the congressmen of the AN decided to raise the tax to a 40% on the net income of the benefits that bingos and casinos may have.

About the Valence Mayoralty, the council said that the percentage will be calculated based on the net income, so the quotas should be set according to the Bingo, Casino and Slots Control Law, because the average to cash out for the municipalities is half of the amount on a national level.

Permanent Greektown Casino to be finished by mid 2007

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The construction of the Permanent Greektown Casino began today, with completion of the new 3,100-space parking garage scheduled for mid 2007 and the new 400-room hotel and gaming floor expansion by mid 2008.

City of Detroit leaders watched as heavy construction equipment began demolishing the aging parking garage and apartment building that currently occupy the land at Monroe and I-375 where the new casino garage and hotel are being built.

Slots confiscated in South Africa

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According to recent reports, members of South African police and the Games of Chance Regulation office have visited many gaming sites in the city of Springbook, in order to find and eliminate illegal halls and confiscate slot machines operating without the necessary permission.

During these visits, authorities found three illegal gaming facilities and confiscated many slot machines.

Nova Desitec will be present at the World of Games in Moscow

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Among other innovations, the Barcelona-based company will exhibit a new version of games like Return of the Pharaoh and Don Quixote de la Mancha.

For the fist time, Nova Desitec will introduce the Photosafari game in Australia and also Robin Hood’s Silver Arrow. They will be exhibited in Russian and with a new Double Up cards game, a characteristic that was specially asked for by local clients.

Retired woman wins Megabucks jackpot

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A retired woman from Las Vegas won the $20,519,025 Megabucks jackpot at the Cannery Casino & Hotel in Las Vegas. She is the second person to win the Megabucks jackpot at the Cannery in the last nine months.

The 64-year-old winner, who asked to remain unknown, said that a friend told her that the Megabucks were going to hit. “I couldn't believe I had won it. A cleaning lady in the casino pointed to the big jackpot and said, 'You won that.'”

Foxwoods Casino opens new slot room

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Foxwoods Resort Casino has opened a new slot room with 650 machines, including penny slots and progressive games linked to other American Indian casinos. Foxwoods aims to attract new players and obtain a larger share of the slot market.

According to Foxwoods executive director of slots, Alex Rodriguez, Mohegan Sun, the closest competitor of the Resort Casino, regularly shows more profits in slot reports with fewer machines. "Mohegan Sun has a bigger piece of the pie. What I'm trying to do is equalize it", Rodriguez said.

Slots confiscated in South Africa

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According to recent reports, members of South African police and the Games of Chance Regulation office have visited many gaming sites in the city of Springbook, in order to find and eliminate illegal halls and confiscate slot machines operating without the necessary permission.

During these visits, authorities found three illegal gaming facilities and confiscated many slot machines.

Minneapolis woman deducts gambling losses

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Estelle Busch, from Minneapolis, is a 72-year-old retiree who gambles 60 hours a week on average. She calls it her “business” and argues that she usually researches slot machines on the Internet.

During the years, she won $1.5 million and lost $1.7 million and she appeared before the Supreme Court of Minnesota contending that she should be allowed to deduct $200,000 in gambling losses from her taxes. The Department of Revenue answered that slots are a game of chance and they require no skills or research.

Young people are more vulnerable to online gambling

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The poor control of Internet at home can cause several problems, especially among young people: children and teenagers. Although Internet has become an invaluable tool for studying, it also has open a new door to hazard games and bets, but a door without filters nor padlocks that can send young people right to compulsive gambling.

Not in vain at Gamblers Anonymous from Albacete (Spain) has arrived a young man who recognizes being obsessed with virtual casinos.

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