Online Casinos or sports betting providers which provide their services and do not hold a German licence have long been a thorn in the side for the lawmakers and the tax authorities. This is however a hot issue even in other European countries. In Finland millions of Euros are lost from taxes from illegal games of chance and there is also the problem that many people are gambling addicted. Can a reform help?
According to recent media reports, the US-American rapper Jay-Z is planning to open his own casino in New York City. The millionaire rapper wants to open his casino together with two other partners at the legendary Times Square. However, he first needs to acquire a gambling licence from the city. How did Jay-Z come up with the idea to open a casino?
When it comes to gambling there is no other country in the world where gambling is part of the daily routine as it is in Asia. Many Asian countries have a gambling culture which people from Central Europe can hardly grasp. The measures are probably gigantic. Fun, relaxation, or glamour have – at least for the natives – nothing to do with the respective gambling activities.
Games of chance are also very popular in Switzerland. Online casinos, sports betting, financial market betting, lottery scratch tickets and lotto are in trend. The gambling regulations of 2019, regulate the market, even when it comes to player protection. However recently there has been an increase in the number of problems associated with to danger of addiction and also financial expenses. And this, even though the new regulations of 2019 wanted to specifically protect the population from excessive gambling!
The Cambodian city of Sihanoukville has invested a lot, i.e., driven the inhabitants out, withdrew access to beaches for the residents, opened the doors to Chinese mafia and forced labour, as well as tolerated fraud on a large scale: all this so that the city will become a gambling metropole – a second Las Vegas. This aim has openly failed. What remains are hundreds of building ruins, high unemployment, and a very questionable security situation.
It is not a rare thing that one mentions “coalition games of chance“, “betting for the last vote“ or “the fall of the dice“ in the context of elections and election campaigns. These are mostly all cliches of politicians and the press. A small village in the US American Federal State of Wisconsin has however made used of these phrases in practice. The election of the next village president was decided on by a dice!
A health tax can soon be introduced for games of chance providers in Great Britain. The income from the new tax should be used to finance the gambling related treatments in public health. Is the planned health tax fair for British gambling providers and could this be a model for Germany?
What do most people think of when Las Vegas comes up? Right: casinos, slot machines, shows and a lot of wild parties. According to the city officials, this should very soon be history. They want to move away from the image of a sin city or at least relativise it. Sports and breath taking sports events should become the new sign for the gambling metropole.
It is such a shame: no other gambling provider which holds a British licence had ever had to put up with such a high fine as the one which was imposed quite recently on the bookmaker William Hill. The latter has been slapped with a fine of 19.2 million pounds because of non-compliance issues – to be more precise – non-compliance with the player protection and anti-money laundering regulations. When converted this fine comes up to around 21.83 million Euro!
The Crown London Aspinalls is a well renowned private games of chance club. In 2016 a player lost around 600,000 GBP whilst playing Baccarat. The problem: the high roller did not have the money in cash. Instead, he paid the casino by cheque. However, the cheque later bounced. Now the court must decide whether the player must pay the money or not. The player is appealing and is stating that he was drunk.
At the beginning of February, a Chinese man had tried to play a wrong game on the Roulette table in an Austrian casino. The aim was to defraud the casino. However, the deceit was noticed, and the police arrested him. Which scam did the man use to defraud the casino in Roulette?
At the beginning of the month, we had reported that a Chinese man had tried to defraud the Vienna Casino at the Roulette table. The perpetrator together with two other accomplices had acquired the sum of 118,000 Euro from this. Now further details about the cinematic roulette rip-off. In this article we will reveal how the perpetrators managed to defraud the city casino in the Austrian Capital City.
The Dutch Gambling Authority is proceeding radically against gambling providers without a valid licence. As it was announced a few weeks ago, the Kansspelautoriteit imposed the sum of 25 million Euro against seven online gambling providers. Now the Authority has also announced which gambling companies can expect to receive fines.
Andorra is a tiny state with around 77,000 inhabitants and it lies between Spain and France. In March of this year the first casino will open in Andorra. The casino operator, Jocs SA, announced this during an international tourism fair in Spain. Does a casino in Andorra make sense and how attractive will the games offered be?
The Caribbean Island Curacao has been planning to change its gambling regulations for some time. However, not much has happened about it. It has now been announced that the reform of the gambling regulations will now be delayed. But why does Curacao want to change its comparatively lax gambling regulations? Without outside pressure this would probably not have happened.
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