Tom S. January 16, 2014 14:55:24
Lottery purchases on the rise as growing economy builds consumer culture China’s Ministry of Finance reported that lottery sales topped RMB 309.33 billion in 2013 (just over $50 billion), up 18 percent from the previous year. The majority of revenue was provided by two lottery services, the Welfare Lottery and Sports Lottery. The Welfare lottery […]
Tom S. January 16, 2014 14:35:53
With restrictions on casino gambling, Hong Kong investors turn to the “Asian Las Vegas” to strike it rich on the new Forbes list. Forbes recently released its 2014 Asia Top 50 “rich list”, with investors in Macau casinos coming out resoundingly on top. Both cities are autonomous Chinese territories, but only Macau is a gambling […]
Tom S. January 16, 2014 14:22:58
Rebound in casino employment shows consumers have money to stake, economy is recovering. Ireland was one of the countries hit hardest by the still-resonating Eurozone crisis. The job and housing markets were savaged by a crushing private debt burden. As consumer spending declined, casino gambling, especially in Irish poker rooms, took a major hit as […]
Tom S. January 16, 2014 14:19:28
Illegal but popular online gambling industry may become subject to heavy state prohibition in the future. The government of the small South Asian country of Singapore has announced plans to crack down on money laundering and funding of terrorist organizations. Three government ministries dealing with financial affairs announced plans to increase regulation on certain financial […]
Tom S. January 16, 2014 11:34:48
Gaming firm has been operating at a loss for some time, no longer able to meet debt obligations. Reuters reported that the Spanish gaming firm Codere Group has been struggling to meet its debt obligations and has filed for protection from creditors. As of last September it had $1.73 billion in debt. It has four […]
Tom S. January 16, 2014 11:21:13
New bill would subject foreign operators to same taxes and licensing regulations. The recent UK Gambling Licensing and Advertising Bill is moving forward and will undergo further examination in the House of Lords. The bill has reached the “committee stage”, meaning that it will be analyzed in detail. The Cameron government expects it to be […]
Tom S. January 16, 2014 10:56:23
Seaside gambling destination takes hit amidst launch of online casinos The legendary East Coast gambling hub of Atlantic City took a major hit in 2013, with the New Jersey Division of Gaming Enforcement reporting land-based casino revenue of $2.86 billion in 2013. This figure is down from over $3 billion in 2012. Famous establishments like […]
Tom S. January 16, 2014 10:29:09
Theft by gambling addict comes to light while Pennsylvania legislature debates legalizing online gambling in the state. 24-year-old Richard North, a former aide to Philadelphia City Councilman Bobby Henon pleaded guilty to stealing $49,000 from Henon’s campaign fund. He has since returned the stolen funds. Authorities were tipped off after Henon noticed the money was […]
Iva P. January 16, 2014 10:18:38
Gift of shares in a winning ticket in Spanish well-known El Gordo Christmas lottery became a source of conflict, regarding who is entitled to the money. The huge argument was caused by Vicente Producciones Artísticas, local fiestas organizer, which did not suspect anything in the beginning. At the end of 2013 they gave out Christmas […]
Monica E. January 15, 2014 19:08:20
Online companies are finding it difficult to expand on the Canadian gambling market. Canada does not make it easy for gambling operators to penetrate the internet betting market. Canadian gambling laws are vague when it comes to online casinos and the country will continue to miss out on the opportunity to benefit from potential investors […]
