Category ‘News’

April numbers still down on previous year

The Nevada Gaming Control Board said Thursday that statewide gambling revenues were $806 million in April, compared with $810 million in April 2010 — a drop of less than 1 percent.
$42.6 million in taxes were levied on the revenues, $2.9 million more that the amount collected during the same month last year and an increase [...]

Sales hit $7.74 billion so far this year

China’s welfare lottery sales hit 50.16 billion Yuan ($7.74 billion) as of June 5 this year, up 30.61 percent year-on-year, the Welfare Lottery Distribution and Management Center said on Thursday.
This year’s welfare lottery sales are expected to exceed 100 billion Yuan, compared with last year’s total sales of 90.4 billion Yuan, reports The China Daily.
The [...]

Surprise ruling could have interesting implications

Despite an existing Dutch High Court ruling that poker is a game of chance, a Dutch court this week delivered a contrary judgement, finding that the game is one predominantly of skill and not chance, thus taking it outside the definition of gambling.
The ruling could have implications for the tightly controlled Dutch gambling market, dominated [...]

Gambling ‘godfathers’ list prepared?

The Mediterranean island of Cyprus, long a desirable domicile for many online gambling companies, may see a substantial tax collection shake-up in the near future, according to the Cyprus Mail and other local media.
Georgios Poufos, the director of the government’s Inland Revenue Department confirmed that his department was intensifying its tax inspection initiatives aimed at [...]

Budget makers gambling with Kentucky’s future?

One of the most honored words in the Finnish language is profound in its simplicity: Sisu.
Popularized during the resistance in the 1940s, the word is often translated loosely as “courage,” but its meaning goes beyond the bravery of, say, dashing into the line of fire. It conveys a special perseverance - an ability to face [...]

Gambling giant fights against Ohio slots

COLUMBUS —
The state plans to submit evidence indicating that gambling giant Penn National Gaming is underwriting an effort to overturn racetrack slots legalized by lawmakers and Gov. Ted Strickland in July.
The Wyomissing, Pa.-based gaming company is backing a competing proposal that would allow full-scale casinos in Ohio’s four biggest cities.
Penn’s financial involvement is referenced in [...]

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