By Dror Pumper | 26th March 2012 | Online Casino News
Online gambling requires talent because it is large and unpredictable. Players need to look at their own online gambling behavior and adjust their skill sets to meet any resistance they may have to winning. Here are five elements that if improved, can help at the online casino room floor.
Track all casino money outcomes
If a player begins on Monday with $300.00, they need to record what they do every day and how much money won and lost. By Friday, they can see where there are any fluctuations. A 25 percent fluctuation is normal. Having $375.00 or $225.00 by the end of the week, or some amount between these two, means it has been a successful online gambling week. If losses are within this margin, it is possible to improve and increase.
Support the bets
It is important to support a bet – using a technique that will tilt a losing bet, such as doubling, reducing, alternating, or closing down the next bet.
Percentage planning
Percentage planning is often overlooked as a tool for online gambling. It is forcing a playing to only play a certain number of bets. It provides support to the player’s overall gambling ambitions, hinders bad decisions, and only allows for direct strategy.
Create an income
The main objective of online casinos and the primary force behind it is the ability to create an income. Players need to plan tactics and revise efforts. Remember, the best results are not from the winners, but from players who can handle a game no matter if they win or lose. The primary growth for an online gambling hobby is to improve a bankroll by 20 percent in a week. While it is not a lot, it is easy to do without major odds again them.
Read More »
By Dror Pumper | 11th March 2012 | Casino News
The United States Senate Committee on Economic Development, Technology, and Agriculture is currently in discussion in regards to two bills that will enable casino gambling on all three islands in the United States Virgin Islands. One bill would allow for casinos to be built in the territories of St. John and St. Thomas, while another one would allow a free standing casino to be built in Christiansted on St. CroixThe one bill would amend the current Casino and Resort Control Act to allow casino gaming on the islands of St. John and St. Thomas. Senator Carlton Dowe, the sponsor of the bill said that it is now time for the United States to explore new sources of potential revenue.
The bill to build a casino in Christiansted comes from a private/public sector proposal by the Christiansted Renewal Group. this proposal calls for the building of a casino, along with an adjacent parking garage, center for culture, fine dining restaurants, and improvements in public infrastructure, such as security cameras and new lighting to be placed along the current boardwalk. The project is not looking for government funding as the developers are currently planning to invest approximately $20 million into this project. This project will increase tax revenues as well as call for infrastructure improvements and increase job opportunities. The developers will benefit by receiving financing that is government-backed for the project.
Many local businesses are in support of this new project. One boardwalk restaurant owner stated that the town of Christiansted is currently “dying” and that many businesses are feeling the pressure of a lack of tourism. It is possible that a new, thriving casino is just what is needed to bring the vibrant area back to life and entice more visitors to come to the island.
Read More »
By Dror Pumper | 12th February 2012 | Online Casino News
Calvin Ayres, the founder of Bodog online entertainment and gaming brand, has made a number of predictions for 2012 regarding the online casino industry (after finding that his 2011 predictions pretty much held true). Here is a look at some of those predictions made in regards to different locations around the world.
Europe
There will be not a lot in terms of significant developments in the online gambling industry. Ayres has stated that “with faith in a common currency significantly shaken in 2011, the ongoing Balkanization of Europe’s gambling markets will only accelerate.”
America
Ayres long predicted that there would be no positive momentum for legislation regarding online gambling at a federal level even before the United State’s Department of Justice admitted that their Wire Act did not go past sports betting. However, with the recent announcement by the Department of Justice, it can be seen that the states are the ones holding onto the gambling decisions. in 2012, there is a 50 percent likelihood that one of two states will do emote gambling.
Asia
The Asian market is still in the infants’ stage, but it is much bigger than the rest of the world if individuals take a look at its brick-and—mortar casino profits. There has been no determination in regards to the companies that will be making a name for themselves in this region, but it will most likely not be public companies.
Latin America
While the continent of Latin America and never rival the continent of Asia in regards to scale; however, as far as gambling terms, Latin America is still mainly a virgin territory. With recent economic downturns hitting a majority of the area, causing the countries to look for new venues for money, Latin America may be second best (right behind Asia) market for targeting during the 2012 calendar year.
India
India is a huge market that tends to get overlooked a lot. Once an online gambling company figures out how to open this market, it will be like a slot machine getting all cherries – huge payout!
Read More »
By Dror Pumper | 12th January 2012 | Online Casino News
According to PricewaterhouseCoopers’ recently released Global Gaming Outlook, the Asia Pacific Region will be the fastest growing in terms of the casino gaming industry over the next five years. The gaming revenue is said to increase from $34.3 billion US to a projected $79.3 billion US by 2015.
However, despite these numbers, the online casino industry is currently illegal in Singapore. Jonathan Galaviz, a gaming analyst said that the governments in the area should really try to seize this growing opportunity rather than push it away as there is huge growth in online gaming. The report published by PricewaterhouseCoopers said that there is a very strong argument right now in the area that as consumers continue to engage in websites offering illegal online gambling opportunities, it is much better to provide licenses and tax it, rather than allowing unlicensed operators to continue to amass large amounts of revenue.
Galaviz said that the Singapore government should do some serious research regarding the issue of online gambling and bring it up during policy discussions. However, not all gaming analysts have taken the same approach as Galaviz. Felix Ling, a senior partner and casino consultant at Platform Asia Management Services said that by legalizing online casinos in Singapore, it will create a devastating social impact. Derek da Cunha, the author of “Singapore Places its Bets,” agreed with Ling. He stated that if online gambling were to be legalized in Singapore, it would bring in new players who do not really know what online gambling is. The social consequences would be that people, rather than work, would be using their computers only for gambling purposes.
But the “social consequence” argument is not as strong as people would like to believe. If it was a strong argument, then how could it explain the opening of two brick-and-mortar casinos in Singapore in 2010? These casinos have amassed over $4.4 billion US in 2011. Think about what kind of revenue online gambling could bring in? It seems as though Singapore would like to think that online gambling is a much bigger evil than physical casinos.
Read More »
By Dror Pumper | 10th January 2012 | Online Casino News
With Denmark recently deregulating their online gambling industry, witnesses are marveling as the sector continues to open up. As of January 01, 2012, Denmark will officially be a brand new online gambling licensing jurisdiction. Denmark also signed a bilateral cooperation agreement with licensing bigwig the Isle of Man, mainly to learn how to be a successful licensing jurisdiction. This agreement will be formalized as well on January 01, 2012. Denmark has also created a similar agreement with the Alderney Gambling Control Commission as well.
In the Czech Republic, the accidental passing of a new piece of legislation has the country doing some massive backpedaling. Recently the parliament’s lower house passed legislation stating that video lottery terminal operators would be offered a €77.7 million tax break. This has created much firestorm in the media. A 20 percent tax on the video lottery terminal revenue is also cites to become split between three groups – local municipalities, education, and charities as to be determined by the local gambling industry. However, it was originally only supposed to be split between the municipalities and the education. But the controversial wording has everyone up in arms right now.
Lastly, Greece has recently passed a number of laws that look as though they will be challenged by the Remote Gambling Association in court. It is to take place at the beginning of the New Year. However, with this last year not faring well for Greece in terms of their economy, no one knows if 2012 holds anything much better, especially as far as the online casino industry is concerned. Cyprus also looks like it could be changing very quickly. While it is currently considered a haven for not just British retirees but also the remote gambling industry, things look like it could be changing for the latter, and not in a positive direction. Stay tuned for the New Year to find out more.
Read More »
By Dror Pumper | 21st November 2011 | Online Casino News
According to numerous published reports stemming from Malaysia and the Philippines, there have been a large number of online gambling crackdowns recently taking place. However, the way that Asia has been going about it has been quite different that the style the United States has chosen to take in regards to illegal online gambling. In the last nine months, more than four thousand computers have been seized and over 800 men and women arrested. These figures from 2011 are much higher than 2010 figures. Whereas a bit over 700 people were arrested, fewer than 2,500 computers were seized by the police.
Most of those who have been arrested in this number are repeat offenders. There are no reports mentioning if these individuals are being treated as individuals with gambling problems. There are been approximately 50 locations that have been flagged as being used to run illegal gambling operations. In Asia, illegal online gambling is a very serious offense and the governments look to curb them as quickly as possible.
In the Philippines and Malaysia, online gambling offenders are arrested under the 1953 Common Gaming House Act and the 1997 Entertainment and Places of Entertainment Act. The police are also keeping an eye on a number of the internet cafes throughout these countries to guarantee that people are not using them to go online illegal online gambling websites. If found playing on illegal online casino websites at the cafes, both the player as well as the owner of the internet café will be prosecuted.
These laws do not only apply to online gambling. Many people have been arrested for hosting illegal gambling parties. A number of these parties are run by some of the organized local crime cells in the countries.
Read More »
By Dror Pumper | 14th November 2011 | Online Casino News
Recently, the Kyrgyzstan parliament has decided to propose a 100 percent prohibition against both land-based casinos as well as online casinos throughout the country. This will therefore mean that all existing operators for both land-based and online casinos, as well as other various internet gambling services throughout the country will be asked to close down if it is passed. This means that Kyrgyzstan will not be a destination for any kind of gambling.
According to reports published by the BBC, there was no received opposition against the proposed changes made by the Kyrgyzstan parliament. The reports strongly state that a majority of the legislators throughout the country are extremely influenced by numerous published reports stating that a major problem throughout society today is compulsive gambling. The legislature points fingers at online casinos as well as land-based. However, this law will designate a certain geographic area that will house gambling opportunities. But at this time, this geographic location has yet to be announced. Once the news of this proposal was announced to the general public, those employed by gambling venues as well as those who are patrons to the casinos began protesting against the possible banning of internet and brick-and-mortar casinos if the new law is passed.
A supporter of this new proposal is a conservative from Kyrgyzstan’s Fatherland Party. This person, who opted to remain anonymous, stated that the parliament is becoming increasingly concerned with the negative effects gambling can have on families. The parliament is hoping to put the ban into affect by 2012 after the President of the country puts his signature on the law. While the current President is not fully in favor of the banning of gambling in the country, it is a problem the President will not likely have to deal with as reelections are coming up in the next month.
Read More »
By Dror Pumper | 30th October 2011 | Online Casino News
To further crackdown on the growing number of unlicensed offshore online casino operations, the Independent Administration of State Monopolies (Amministrazione Autonoma dei Monopoli di Stato), the Italian regulation board, is declaring that all financial institutions, including banks, need to report every single transaction made by players or companies with any blacklisted online casino websites. While online casinos just became legal recently in the European country, the Independent Administration of State Monopolies just recently began providing licenses as early as July as well as putting a number of websites on a blacklist due to not having a license.
For all online gamblers living in Italy, there are going to be extremely high stakes should they choose to utilize offshore online gambling websites that do not have a license. Names will find out because all financial institutions and banks will now be required by a new law to turn over all the contact information of these individuals. The head of the Independent Administration of State Monopolies, Francesco Rodano, recently said that the licensing board wants to place a number of measures that will ensure that all financial institutions will send the name of all players using any illegal offshore gambling websites.
One of the primary reasons for the creation of this new law by the Independent Administration of State Monopolies was in response to what happened earlier with Full Tilt Poker. Full Tilt Poker was actually just about to secure an online gambling license from the Independent Administration of State Monopolies when the events surrounding Black Friday took place. The Independent Administration of State Monopolies is trying to guarantee that a problem such as Full Tilt Poker’s does not occur within the country.
Online casino goers in Italy will now all have to double check if the online casino websites they frequent has a license or not!
Mansion Group and all its subsidiaries including Casino.com and MansionCasino.com are fully licensed, legal and regulated online casino sites in the UK
Read More »
By Dror Pumper | 27th September 2011 | Online Casino News
The government in Canada, including all the provinces, are currently having a number of concerns over all online gambling transactions as well as money laundering after opening the doors to the internet gambling market. Their concerns lies the proof they have seen coming from other countries about possible criminal activities, such as money laundering, which many be traced to a number of fraudulent crimes, including terrorism, taking place with the transactions made in cash via online casinos.
The Lottery Corporation in the Canadian province of British Columbia has started a new move that looks to limit the total sum of cash online gamblers are able to utilize when participating with an online casino. Because of investigations conducted in the United States to look into big cash transactions which turned out to be deceitful and made the announcement that it is quite possible that the large cash transactions were being used to benefit crime, British Columbia decided that it is necessary to maintain vigilance on all online casino gaming transactions as well.
The Canadian government prefers electronic funding as the payment method of choice. Electronic funding means that there is a written record of the transaction, which would deter the possibility of criminal activities, including money laundering. Cash transactions do not have any written record, as well; there are no possibilities of tracing where the cash funds originated from or where they will end up. This creates an opportunity ripe for illegal activity. In light of this, the Canadian government is looking to create a new law that all online gambling transactions need to be electronically made. Agreeing with this approach is the Public Safety Ministry. They believe that by using beneficial incentives, online casino players will easily make the switch from cash to electronic transactions. This new approach is not to hinder online gambling but make a separation between legal and illegal online gaming.
Read More »
By Dror Pumper | 22nd September 2011 | Poker News
On the 14 of September, Schleswig-Holstein, a German state, became the first regional authority in the country to legalize online gambling. This move is seen as a positive one in the right direction in opening up the country to the large online gambling market. Before the legislative move made by Schleswig-Holstein, Germany has followed a policy of nationally banning online gambling. This policy was originally created as a way to maintain the government’s overreaching monopoly on all sports betting and lotteries. However, in a recent poll, over two million Germans state that they have accounts “offshore” with various online gambling websites.
The new laws are said to go into effect the first day of January 2012. This will make the day a Happy New Year indeed. This will be subject to the online gambling companies that are able to get all the necessary licensing agreements in on time. A number of online gambling websites have already joined the line to get a piece of the new action and new market in Germany. Many have made statements regarding the welcome change in the new legislation. Many well known online casino companies throughout Europe have committed to participating in the new German online casino gaming market and offer all German consumers innovative, safe and competitive products on their websites.
With this new legislation in place, many are hoping that the other German states (15 in all) will start adopting similar legislation before the end of the 2011 calendar year. This way, all the citizens in Germany will be provided with the new opportunity to engage legally in online gambling, including poker and sports betting. By opening up the market, more potential players will be encouraged to try and hone in on their skills on the available online casino websites.
Read More »
Next Page »
