Interestingly, but not having passed the planned online casino gambling tax legislation, the Polish government is already looking for the ways to spend the revenue from taxing the industry.

It must be noted that the European gambling market is getting more and more liberalized, since lots of governments have understood that it’s better to join the industry rather than being helpless in fighting it.

With no regulation in place to address online casinos, some Polish officials are thinking of using industry’s tax revenue to fund a new football stadium and other social programs and projects to help Polish citizens. …Read the rest of this article

PokerStars.com has announced another land tournament, the Macau Cup, for land and online casino poker players to look forward to.

The tournament, in which top poker players are expected to take place, will be held in Macau. The buy-ins are said to be rather expensive, but Poker Stars will offer internet poker gamblers the chance to qualify for the event via satellites and maybe even win a buy-in to the event.

The online qualifiers for Poker Stars gamblers will take place in the coming weeks. Poker Stars will provide those poker players not making it to the poker tourney with the coverage and post-event information on who attended the three-day tournament events and who took home the big winnings.
228. Online Casinos Interested in South African License will Have to Wait
After numerous revisions and debates President of South Africa Thabo Mbeki has finally signed legislation regulating the South African online casino gambling market. …Read the rest of this article

Fast and secure online payment, withdrawals and money transfer services are now available via a recently launched new online bank called Ivobank. It is considered to be the first independent bank to launch since 2001 and the first online bank to be authorized by the Financial Services Authority.

Being specifically designed with the gaming community in mind, Ivobank is open to anyone. Its customers are able to move money instantly from their bank accounts to friends and family overseas. …Read the rest of this article

Online gambling is a major force that exists whether it is outlawed or not. It is believed to present the potential danger if it is not regulated. It is the result to which the University of Nevada in Las Vegas and the University of Western Ontario in Canada came in the course of their study.

If not regulated, online gambling is sure to become the part of consumer’s life. Gambling on the Internet is much more dangerous than the casino gambling due to the fact that in a casino, a gambler must go and stay at the casino, while nothing of that kind is required if you want to play on the Internet. …Read the rest of this article

Playtech, widely known in the world of online gambling as the software provider, has announced revenues for the second quarter. They totaled to $42.4m (€21m, €27m) – that is 75% up on the same period last year, and 9% on the previous quarter. Playtech’s Asia revenues increased 93% year-on-year.

As the company reports, future growth and development of the company will fully depend on the number of acquisitions. At the moment Playtech is looking for a “significant” acquisition with an affiliated company in online gambling. …Read the rest of this article

Online betting is one of the fastest growing sectors in the online gambling industry, and it is not showing any signs of slowing down. No doubt, the gambling legislation should be updated and it should include provisions for online wagering.

Thanks to the outside pressure from the European Union, some European countries have already have already made progress in liberalizing online gambling industry. And Belgium is the latest European country “to express a less protective stance on State-run casino and lottery gambling monopolies, and more goodwill toward the online gambling industry as a whole”. …Read the rest of this article