Online Casino Edition – Casino News News about online casinos and gambling

July 14, 2014

Entertianment on the Rise

Filed under: Casino — Tags: , — OCE News @ 8:30 am

Gambling is an exciting pastime that offers a shot at a return. When gambling you are not just paying for the entertainment of the moment. Gambling offers you a chance to have fun, challenge yourself and an opportunity to make back all the money spent and more. It is a thrilling form of entertainment. With several different forms of gambling from slot machines to playing the tables, gambling has soared to new levels of popularity.

With it’s popularity the highest in years, casinos are being built everywhere. You can even find all the games from casinos in your very own home. Casino webpages are all over the internet offering low and high bid games including slots and table games. The websites offer games with varying odds and even include atmosphere you would find at a casino. You can talk to other players through online chats and find all the graphics and excitement of the casino in the virtual realm.

There are further perks to playing in online casinos. With smoking bans occurring across the nation you would be free to set your own rules about smoking while playing online. Also available online is the opportunity to play at eighteen years old instead of waiting until you are twenty-one. While the legal age for gambling varies from country to country most casinos prefer to be able to serve alcohol on the carpet without having to check identification every time so they try to only permit those who are of legal age to drinks on the carpet. While the drinks at the casino may be on the house the intent behind serving drinks on the floor has always been that intoxicated people will play longer. Intoxicated people tend to feel as if they are floating on a cloud and they can easily lose track of the time they have spent on the floor as well as the amount of money they have spent. Another perk of the online casinos is that you, as the gambler, get to decide your attire without any questionable looks or qualms.

With fun names and fun games players are encouraged to gamble online as much as in a traditional casino. Online casinos may not offer the same bonuses as traditional casinos but they still offer bonuses non the less. Online casinos will offer players sign in bonuses for creating new accounts. Online casinos also offer you the convenience of scheduling, you play whenever wherever, and whatever game you would like. You also receive the benefit of having the earnings securely directed straight to your credit card. By playing online a player also enjoys the opportunity of privacy and personal tutoring as a player can easily open another tab and read up on tips to play games as well as watch videos of the game being played.

Casinos may all seem alike but they are really in competition for your business. A player can always find great perks and benefits no matter where they play, either online or in traditional casinos.

July 12, 2014

It’s The Law, But Is It Safe?

Filed under: Casino — Tags: , — OCE News @ 8:29 am

If you’re reading this, you’re a fan of, or at least interested, online gambling. As such, you’re also aware that some online gaming sites and casinos are better, and certainly safer, than others. So a recently passed British law announcing that its Gambling Commission would now be policing many of the world’s regulated online casinos is a good thing, right?

Many online casinos are licensed to operate out of the tiny nation of Gibraltar, a British owned territory. Casinos here and in a few other locations are the only ones that British citizens may currently gamble in legally. This new law will allow gambling in a larger foreign market. Companies from as many as 165 jurisdictions around the world are taking advantage of this law to apply for British gaming licenses.

Well, competition’s not a bad thing, correct? However, Peter Howitt, head of the Gibraltar Betting and Gaming Association (GBGA), disagrees. He claims that the U.K. Gambling Authority has in fact, no authority to monitor and enforce regulations with these potential new casinos, because they fall outside of British sovereignty. New gambling law + new tax law = U.K. Gamblers moving to foreign unregulated sites, Howitt feels. The results of his equation? He feels that “significant” numbers of “unprotected” British players will begin using “unregulated or poorly regulated” gambling sites, and suffer financial and security theft as a result.

Is this sour grapes on the part of the GBGA, unhappy about losing potential customers? Is there anything they can actually do keep this from happening? Possibly. In addition to issuing a formal complaint, the GBGA may have found a legal loophole. Through their legal firm Olswang, the GBGA claims that the new U.K. Law is in violation of Article 56 of the Treaty on The Functioning of the European Union (TFEU). In a non-legalese nutshell? Olswang is claiming that this new law will have the British government sticking its nose into places where it doesn’t belong. Because of the filing of Olswang’s claim, the British government and its Gambling Commission can’t move forward with the new law until a judicial review is undertaken. They have 14 days to respond to the GBGA’s claim.

GBGA’a alternative to the new British law is a proposed program called “Passporting”. Under “Passporting”, British licensed casinos in various jurisdictions would be responsible for their own regulating, but would share information with the Gambling Commission.

Will the GBGA prevail? Is their concern for the online gambler sincere? Certainly as an industry, they have much to lose with potential increased competition and a loosening of industry standards. But as this case looks to drag on in courts for some time (and you probably don’t want to put your money on the GBGA), gamblers can protect themselves in the meantime. They are advised to thoroughly research any casino’s country of origin. They are advised to research said country’s gambling regulation (if any) practices. And as always, they are warned that when gambling in foreign waters (even from their sofa) they may be losing more than wagers.

July 10, 2014

Late June News in Online Gaming

Filed under: Casino — Tags: , — OCE News @ 8:28 am

All of the current talk in the Online Casino world is coming from London this month. The Gaming Licensing Act, that was recently granted Royal Assent is being fought by the Industry in Gibraltar, including 32Red. The other big news is a mega-merger to the tune of $4.9 by Amaya!

Gibraltar verses England

England’s recent attempt to impose law and taxes upon online gambling has generated a push-back. The Gibraltar Betting and Gaming Association (GBGA) reflects the united interests of the online gaming sites that are based outside of the UK and on Gibraltar.

This is a response to the UK Gambling Licensing and Advertising Act of 2014, which not only adds new levels of regulation from London but also a 15pt tax upon all bets placed. 32Red and others based in Gibraltar already are required to have permits and are regulated in Gibraltar.

GBGA sees this as both an attempt by London, to raise an estimated 300 million pounds annual from this Act, which already has received Royal Assent. It is also seen as a lever to force bookmakers and sites to return to the shores of the UK and depart Gibraltar.

Lawyers in Olswang have been hired by the GBGA to challenge the legality of the entire act. The 15pt VAT “point of consumption tax” on all bets placed from the UK, is expensive and a dangerous precedent in an industry already regulated in Gibraltar. They are claiming the Gambling Act will expose gamblers to “unscrupulous operators” and is a breach of law in the EU.

Amaya’s $4.9 Billion

Amaya is planning to cash acquire the Oldsford Group, based offshore in the UK on the Isle of Man for $4.9 Billion. Oldsford may not be familiar to you, but it is the owner of online gaming sites Poker Stars, and Full Tilt Poker. This acquisition will create the world’s largest online gaming operation in the world.

The meta-casino online is just the beginning. Amaya is preparing to return the pokers sites back to America! Three years ago, online gaming was treated as illegal in the United States, but a new interpretation of the 2011 Wire Act has re-opened the way for individual states to decide if online gaming is legal within their borders.

Amaya has stated that it fully intends to return Full Tilt Poker, and Poker Stars to USA. Those sites already operate and deal with American regulations, but Amaya has not disclosed its plans beyond returning to America. Amaya usually has operated behind the scenes in the gaming industry, some lotteries, numerous varieties of slot machines, and most notably casino management software.

Conclusion

Taxing and Regulation are again the big news in Online Casinos this month. The UK attempting to impose its new 15pt tax on the Gibraltar Industry, and the industry pushing back this attempt at greater taxes. In the States, the new flexibility to legalize and tax the industry has led to Amaya attempting to purchase the owner of Full Tilt Poker and Poker Stars so they can return to the United States!

July 8, 2014

Japan Considering Taking A Gamble With Casinos

Filed under: Casino — Tags: , — OCE News @ 8:01 am

Japan’s legislative house is considering a bill that is aimed to make gambling at casinos legal in the country. The lawmakers for the country have decided to host parliamentary discussions to look over the possibility of legalizing gambling in the country so that casinos can be built and operated within city limits. Chair for the lower house cabinet committee, Masahiko Shibayama, stated that the bill is going to be looked over at a Wednesday meeting although the bill is not expected to be put up for passage until the autumn at the earliest. It will likely take this amount of time to get people on board and comfortable with the idea of legal gambling.

Deputy Secretary General Hiroyuki Hosoda of the Liberal Democratic Party submitted the bill which if approved is the first part of a two part bill that would eventually lead to gambling being legalized. At the moment gambling is banned in Japan. As the third largest economy in the world, the legalization of gambling would potentially bring a great deal of money into the country via taxes and tourism. If the bill is passed then the government will have to take more steps over the course of the year to prepare the gambling industry to be introduced into the market.

Proponents of gambling Japan have been working on legalizing the practice for the last decade and they see the discussions on Wednesday as a huge step forward. Although there have been many mentions of allowing casinos to come into Japan over the past few years the frequent change of administration and ruling parties as well as other more pressing bills have overshadowed any movement. Toru Mihara stated that this is the first step but they need to stay active to make sure that the movement continues to gain momentum so that it can move forward.

If Japan were to legalize gambling it could easily become one of the largest markets for gambling in the world. The Brokerage CLSA firm has taken a look at the economy and potential for gambling revenue in the country and predicted it could reach as high as $40 billion. To put the number into perspective, it would measure almost six times what Las Vegas took in last year. Annually Vegas casinos on the strip make a combined revenue of a little over six billion.

In addition, Prime Minister Shinzo Abe is hoping that legalizing gambling will help promote the country as a top tourism destination to help increase the amount of foreign travelers. The economy has been stagnant in Japan for the last decade and an increase in tourism via integrated resorts would greatly boost the growth strategy of Japan. The casino industry will likely be watching Japan to see if and when the potential to expand into the country arrives.

July 6, 2014

Save Money By Gambling Online: Stop The Travel

Filed under: Casino — Tags: , — OCE News @ 7:59 am

Gambling online is the only way for you to save money as you get your gambling fix. You can save money by gambling on a site that lets you play at tables that match your ability level. Also, you get to save money because you do not have to travel to the casino. Stop traveling today so that you can keep cash in your pocket that you can use to make more money playing poker or blackjack.

Choose The Right Place

The best place to find an online casino is http://www.onlinecasinoedition.com. You can visit the website and search for the best online casinos out there. You may know where to play online, but you can find a place that is going to meet your gambling needs while also giving you a chance to earn more money than you could otherwise.

Choose The Right Games

You must play online games that make the most sense for you. You may enjoy playing poker more than you enjoy blackjack, and this is something you can use to your advantage when you are playing online. There is a great deal of peer pressure that you have to fight when you are on the floor of the casino, and you must make sure that you are playing only games you think you can win.

Also, the games that you play must be the most enjoyable games for you. You will notice that you have a very hard time playing games that have a high yield. You must make sure you are playing at a table that is profitable for you. When you choose the table to sit down at, that table must have the best odds, players at your ability level and the style of play you prefer.

Choose The Best Account

When you are playing online casino games, you need to make sure that you are using an account that allows for easy cash outs and deposits. When you can deposit money into your account easily, you will have every opportunity to keep playing and enjoying your time in the casino. That money you saved by not traveling can be put into your gaming.

The Time

When you are playing casino games all the time, you can visit the casino at all hours. There are many casinos that must close in the middle of the night. The number of tables on the floor gets lower because the dealers go home. An online casino does not have to close because there are no dealers to worry about.

Stop traveling to get to the casino a few times a year. You can play your favorite games online, and you can change your financial fortunes as a winner.

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