Nevada and New Jersey are checking out gambling compacts; other states may follow

It may be the biggest alliance since America and Britain made up: Nevada and New Jersey the first two American states to legalize and regulate online gaming could be developing a marketing alliance to produce a larger Internet gambling audience.

‘I think it’s most likely that in 2014 we’ll see a compact between nj and Nevada,’ stated MGM Resorts International CEO Jim Murren, who says his business and others enjoy it are coming together to figure away how everyone could work to produce a joint online gambling arena between the 2 states. As of now, only Nevada and New Jersey are actively online or planning to use the internet with casino and poker gambling (New Jersey only), so it would certainly broaden the ball player net until more states come on board.

Expanding the marketplace

Without New Jersey in the mix, some casino operators believe the possible on line player populace for Nevada is simply too tiny.

‘We’ve really been focusing on Nevada’s ability to compact along with other states, create more liquidity,’ said Murren.

To make it happen, most of the bodies that are regulatory to spearhead the union also, as Nevada State Gaming Control Board Chairman A.G. Burnett explained in an interview: ‘Nevada is striving to complete just what it can in regards to compacts. We do not jump into the fire without having done a lot of careful research and study into the particulars of these agr ادامه خواندن “”

Las Vegas Sands Pays $47.4 Million to Feds to flee Criminal Charges

Las Vegas Sands Pays $47.4 Million to Feds to flee Criminal Charges

Las vegas, nevada Sands Corp. is forking over $47.4 million to the Feds to avoid criminal indictments for money laundering

A great deal of individual states make bank on gambling activities of their constituents; things such as for example lotteries and casino fees. But the federal government seems to have discovered their money cow at a much higher and slicker level today: skimming huge sums from indicted gambling companies in change for the culprits getting away with light or no sentencing.

Full Tilt boss Ray Bitar was a notable example of this recently, and now Las Vegas Sands Corp. headed by billionaire curmudgeon Sheldon Adelson has followed suit, agreeing to pay $47.4 million in punitive fines so that federal prosecutors do not slam the casino conglomerate with criminal fees for money laundering. Just the price of conducting business, this indicates.

DoJ and Sands Come to Terms

A recently signed contract between the U.S Department of Justice (DoJ) and Las Vegas Sands states that, predicated on evidence, the company had been recalcitrant in alerting federal authorities when certainly one of its whales made numerous questionably large deposits at their vegas casino The Venetian in 2006 and 2007. The high stakes gambler in question was later tied up to a major worldwide drug trafficking ring.

The agreement ends a two-year criminal investigation by the U.S. Attorney’s office in l . a ., and that office has n ادامه خواندن “Las Vegas Sands Pays $47.4 Million to Feds to flee Criminal Charges”

It’s All Greek When It Comes to Grecian Online Gambling Now

It’s All Greek When It Comes to Grecian Online Gambling Now

Many online video gaming internet sites are using issue with Greece’s new vague, complex and unfriendly Internet gambling laws for operators

The online gambling landscape in Greece is in a state of flux and that would be putting it much too lightly. As Greece attempts to transition into a system where players can enjoy gambling that is online at a site that is partially owned by the Greek government, they’ve also taken steps to block other web sites from operating here. And while its not all major gambling site has dropped target for this tactic, some are making preemptively rather that worry about what the near future holds there.

Confusing Gambling Laws

Greek online gaming laws are notoriously difficult to parse, and seem to be built to ensure a monopoly for the Greek Organization of Football Prognostics S.A. (known as OPAP in Greece). The us government owns 34% of the firm, and OPAP holds a monopoly that is complete land-based casino gambling in the country. OPAP even offers a virtual monopoly on online gambling until 2020 under Greek law, which states that only OPAP can offer most online gambling games.

Strangely enough, other companies can apply for and receive licenses for online gambling if they wish to do so. But, those licenses only allow them to offer ‘casino-type games of chance, the results of that are not provided by a random number generator as in poker tournaments.’ Many commentators have rema ادامه خواندن “It’s All Greek When It Comes to Grecian Online Gambling Now”