Archive for September, 2014

September 24th, 2014
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On the eve of October 1st, the ultimate date when the new online gaming laws will be enforced in the UK, a number of casino and online poker providers intend to definitely quit the market. Mansion Poker is the first to announce its withdrawal. It has been servicing UK gamblers from Gibraltar for years. The paramount reason is that the new laws require them (operators) to submit for a new UK online gambling license, accompanied by 15 percent tax on gross revenues from UK customers.

Because of these tough requirements, numerous are the online casino, online poker, and land-based gambling operators planning to withdraw from the UK market. However, the new laws seem not to stop some from applying for a UK gaming license. The fact is that the UK gambling market appears to be very lucrative; it saw $ 4.26 billion of turnover in 2013 but the competition will also become tougher.

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September 8th, 2014
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Unlike what happened in other states, revenues from casino industry in Maryland are in increasing trend, Maryland Lottery and Gaming Control reported. According to this casino games regulation authority, casinos and traditional lottery provide to Maryland general fund $ 849.2 million during fiscal year 2014, 2 percent more than in 2013. A great part of this figure is intended for improving education (supporting pre-kindergarten K-12 programs, construction of schools and state community colleges…), health care and other infrastructures within the state.

To give an idea of what gamblers and casino-goers bring to the state, here are some figures deemed useful to the public. For every dollar spent on slots machines casino bonus, 49.5 percent goes directly to the state Education Trust Fund, 33 percent of which is allotted to the operators. Speaking of Maryland Lottery sales, it contributes into supplementing the state general fund with $ 521.1 million in fiscal 2014.

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