Poker777 – A few weeks ago, rumors circulated on the cessation of Playtech’s activity in Canada, in the Netherlands and in Finland. According to the last news, the developer of online gambling software confirmed that the termination will affect only the Netherlands and Finland and the Canadian market will continue to benefit from the products of Playtech. The real reason of the cessation of activity in these two countries has not been disclosed, but observers believe that it has a relationship with the local regulations. Thus, Playtech will be able to continue to provide its products on the Canadian soil…

iGaming Business – A blacklist that bans a number of betting websites from operating in Bulgaria is set to be scrapped under a new law that alters the way the country taxes members of the gambling industry. According to the Sofiaglobe.com website, the bill of amendments would bring the country’s legislation closer to international practices. Raised in Parliament on November 13, the bill was put forward by 11 MPs from the two parties in Bulgaria’s ruling axis. The key focus of the new bill is the change in how gambling is taxed, replacing the existing 15% tax on gambling revenues…

iGaming Business – A new federal online gambling tax regime has been proposed in the US in response to the launch and pending launch of internet gambling in various states throughout the country. Put forward by Rep. Jim McDermott, the Internet Gambling Regulation and Tax Enforcement Act of 2013 would create a 12% deposit tax that would be paid by licensed operators rather than players. The federal government would collect 4% of this tax, with the remaining 8% being distributed to qualified states and tribes in the federal regime. The tax payable to states and tribes would remain dependent upon…

The New Jersey Division of Gaming Enforcement has approved the GeoComply application to be licensed as an ancillary casino service industry enterprise, which means the Las Vegas-based company is allowed to offer its geo-location services to the state’s Internet gaming market. As of Thursday, GeoComply had entered into agreements to provide its geo-location technology to several Atlantic City casinos and Internet gaming platforms. The company did not identify its partners in New Jersey, or disclose details of the agreements. GeoComply services for geolocation include centralized monitoring and tools that offer control for customized border configurations, advanced reporting tools, fraud detection,…

Press of Atlantic City – A bill that could pave the way for New Jersey to become an Internet gambling hub passed a state Senate committee Thursday. The Senate State Government, Wagering, Tourism and Historic Preservation Committee approved the bill that would allow Internet gambling equipment to be stored outside of casinos, provided that the locations are secure and still within Atlantic City borders. “Right now, a lot of casinos do not have the space required to maintain Internet gaming operations,” Sen. Jim Whelan, D-Atlantic, said. “By relocating the equipment for Internet gambling, we will give them the conditions to…

Business Week – Just as legal online gambling gets started in the U.S., banks and payment processors are refusing to play. Credit-card issuers Bank of America Corp., Wells Fargo & Co. and American Express Co., along with EBay Inc.’s PayPal, aren’t allowing the transactions, according to the companies. Delaware and Nevada permit Internet wagering, with New Jersey poised to become the third and biggest state on Nov. 26. The rejections threaten a nascent business with the potential to reach $7.4 billion in annual revenue in four years, the estimate of researcher H2 Gambling Capital. Some Visa and MasterCard issuers have…