Calls for Stricter UK Laws on Fixed Odds Betting Terminals

Casino.org – A gambling addict from High Wycombe in the UK has told the BBC that Fixed Odds Betting Terminals (FOBTs) – such as poker and roulette machines – need to have tighter betting limitations built in, to prevent what he calls the fallout from “the crack cocaine of the gambling industry.” Roger Radler’s gambling addiction reached a pinnacle when he lost a whole month’s wages in just a few hours playing on betting machines, where he says he could “bet £100 every 10 seconds” on roulette games, which equates to more than $160 for every 10-second interval, or around…

Portugal announces legalisation of online gambling

iGaming Business – Troika, the Portuguese Government, has announced it is to legalise online gambling in the country in an effort to generate greater tax revenues. According to the DLApiper.com website, the government will work over the next three months towards creating a new working group to discuss online gambling in Portugal and the European Union. The study by the group will propose regulatory measures to open the Portuguese online gambling market. Official terms and the extent of the study and legalisation process are yet to be disclosed. FULL STORY

Time for law and order in Internet gambling

The Hill – Internet gambling is here to stay. Delaware, Nevada and New Jersey recently legalized Internet gambling, while at least a dozen additional states are considering joining the action. There are also millions of Americans throughout the country who can and do participate in all forms of Internet gambling every day in an unregulated, uncontrolled environment ruled by offshore operators who ignore U.S. laws. The big question remaining unanswered is whether all forms of Internet gambling are going to be properly regulated at the federal level, or will we end up with a patchwork of inconsistent state laws that…

Delaware Lottery begins search for iGaming counsel

iGaming Business – Delaware’s State Lottery Office has issued a Request for Proposals (RFP) through the Department of Finance to appoint a law firm to act as an iGaming counsel for the US state’s lottery. The Delaware Lottery said it intends to select one or more experienced iGaming counsels to provide legal advice in connection with the Delaware Gaming Competitiveness Act of 2012. Under the act, Delaware is permitted to offer iGaming services. The state said that the lottery’s mission is to deliver secure lottery services in order to maximise revenue contributions to the state’s general fund with the goal…

New taxation for online gambling could be bad news for Island firms

IsleOfMan.com – UK government plans to impose a new taxation regime for online gambling will leave Island firms facing higher costs and more administration. That’s the verdict of a KPMG report commissioned by the Remote Gambling Association. The UK Treasury last year announced plans to tax online gambling on a place of consumption basis at 15 per cent. At present tax is applied at the source of the bet – where the operator is based. A detailed report on the implications for the industry has just been produced by KPMG’s economics research team. It means Island based e-gaming firms with…

BetTech boosts South African operations

iGaming Business – Technology solutions provider BetTech Gaming has moved to strengthen its position in the South African market by appointing Mike Shea as head of trading. According to the Casinocitytimes.com website, the move comes after the firm acquired a South African National Manufacturers Licence in February of this year. Having previously been restricted to operations in the Western Cape province, the licence now enables BetTech to work with operators across the country. To bolster these operations further, Shea has joined the firm’s trading team from online operator Sportingbet. Having served as horse racing trading supervisor at Sportingbet, Shea has…