Online Casino

In an act of seeming defiance in the Federal Government stand on the practise of online gambling, the State of Illinois has now declared that it is legal to place bets online in that State. The only catch is that those bets may be placed on horse racing events only.

In response to a growing problem with foreign online gambling companies operating in the country, the regulator for online video gaming in China, the General Administration of Press and Publication (GAPP) is currently taking steps to tighten the noose around the industry by effectively banning all forms of foreign participation in their market. This represents the potential loss of a considerable revenue stream for several Internet gambling operators who are ambitiously targeting their brands in China.

It may be just over six weeks away, but the 1st December deadline for US banks and financial institutions to fully comply with the regulations of the unpopular UIGEA (Unlawful Internet Gambling Enforcement Act) is racing up toward the Internet gambling community and little appears to have been done to stop it. However, all is not completely lost, at least not yet.

The online gambling industry were just handed a free pass by Tasmania's government when they decided to drop their current taxation on bookmaking operations while instead introducing a one-off licensing fee of $250,000.