Budapest Business Journal – Though a bill passed by the Hungarian parliament in late June which lays the groundwork for online gaming regulation and taxation has been criticized by industry insiders as prohibitively expensive, a European Parliament resolution passed today in Brussels may make the market a bit more attractive to would-be providers. A European Union Internal Market and Consumer Protection (IMCo) committee report, with primary sponsor MEP Ashley Fox of the UK, submitted today chases up on the European Commission Action Plan on online gambling of October 2012. The Europe-based industry group Remote Gaming Association (RGA) was quick to…

Former Nevada Gaming Control Board Chairman Mark Lipparelli knows online gaming as well as anyone. After being appointed to the Board in 2009, Lipparelli eventually was at the forefront of the Silver State’s charge into the Internet gaming business. In late 2011, Nevada became the first state in U.S. history to adopt regulations for online poker. Lipparelli stayed on the Board until September of last year, stepping down because he had chosen not to serve another term. Thanks to leaving his position as a regulator, Lipparelli has returned to the private sector and has been working on a couple of…

Trefis – Wynn Resorts (NASDAQ:WYNN) recently applied for an online gambling license in the state of New Jersey, which legalized online gambling in February this year. [1] Online gambling accounts for only 3.3% of overall gambling profits in the U.S. and can offer tremendous growth for the operators in the coming years. In the recent quarterly earnings, the company saw muted growth in Macau while its domestic operations surged 16%, including some signs of recovery on the Las Vegas Strip. (Read – Wynn Q2 2013 Numbers Disappoint As Growth In Macau Stalls) While we continue to believe in the Macau…

Online-Casinos.com – In the United Kingdom the Public Policy Exchange holds regular interactive seminars which provide an invaluable interface for policy discussion, debate and networking. These special events offer local practitioners, civil servants and other stakeholders not only an insight into current policy thinking, but also the opportunity to feed into future policy development across all areas of public policy. The speakers at the seminars are unrivaled, ranging from Government Ministers and Senior Whitehall Officials to leading Local Authority figures and Voluntary Sector representatives. One such event is entitled ‘The Implications of Reforming the Remote Gambling Regulatory System’ and is…

iGaming Business – The European Parliament’s plenary will vote next Tuesday on a report on online gambling by Ashley Fox MEP calling for enhanced cooperation between Member States. The report initially recommended the EU-wide licensing of igaming operators, but was then changed to take account of numerous amendments and Member States’ will to regulate their online gaming sectors individually. The report will recommend continuing that policy of regulation, but with increased co-operation between member states on consumer protection and money laundering. Member states are encouraged to exchange blacklists of operators and to consider blocking access to illegal websites. The report…

Gaming Tech Law – The Italian gaming market has suffered a period of high tension today when the Italian Parliament has approved a motion instructing the Goverment to urgently ban for 12 months both online gaming and land-based gaming systems located in public places (i.e. AWP and VLTs). However, the Ministry of Finance immediately issued a statement declaring that such motion is inapplicable and would create catastrophic consequences in terms of claims from operators, massive loss in tax entries and fostering of the gambling black market. While the political party named Lega Nord is celebrating for the victory of their…