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Popular poker pro Phil Hellmuth said this week that he is excited for Internet poker to be legalized in California, as several state lawmakers continue to try to push the bill through the legislature. It's Going to be Huge Hellmuth, an 11-time World Series of Poker bracelet winner and one of the most recognizable faces in the industry, said this week during a WSOP event: "It's going to be huge...They say California alone will generate as much online poker revenue as the country of Italy. However, lawmakers face an uphill battle to approve the new measure, after the Los Angeles Times conducted a poll which showed that only half of people support online poker legalization in California. The survey showed that the other half of respondents say online gambling would be detrimental for young people. State of Play The Internet Gambling Consumer Protection and Public Private Partnership Act of 2012 was introduced after the US Department of Justice ruled that in-state online poker does not violate federal laws against online gambling. But it has stagnated, and has not seen any formal debate since late March. Earlier in May, a California gaming commissioner called his state "the sleeping giant," pointing out that California has a population of almost 40 million, compared with Nevada's less than three million residents and four millions visitors per month. However, the commissioner questioned whether California could formulate a viable law.
Several leading European online gambling operators have reached agreements with the Spanish government in the past week to pay millions in back taxes, as the cash-strapped nation seeks extra revenue ahead of the next license round. Operators pay back taxes Gibraltar-based 888 Holdings and bwin.party Digital Entertainment and London-headquartered Sportingbet all signed deals with the Spanish government to pay several million euros in back tax payments this week. All did so in the hope that it would help them obtain a license to offer their services to Spanish online gamblers. 888 said in a statement following its own €7.4 million payment that it had concluded discussions with Spanish authorities regarding gaming duty for the priod of January 2009 to May of last year. It said the figure was based on the company's own tax self-assessment, and paved the way for it to receive a Spanish iGaming licence from the beginning of June.Bwin.party digital paid a staggering 33 million euros after carrying out its own tax self-assessment. Sportingbet Plc was set to fork out a tax bill of somewhere around the 20 million euro mark as well. Spain seeks revenue Foreign operators have known for some time now that Spain would be issuing its first online gambling licenses in June. But it was only last month that the government - which is carrying out large spending cuts in order to deal with a stagnating economy - contacted them to say that it would apply two existing laws which previously were considered irrelevant.These two laws required foreign operators to pay retrospective taxes for the period of January 2009 to May 2011, a time during which they operated in the Spanish market but outside a clearly regulated legal framework. Although they did not specifically tie the awarding of licenses to the back payments, most major companies have understood the message. Smaller operators leaveLarger operators have been able to deal swiftly with the Spanish government's move, but many of the smaller companies who have also been operating in the not-so-regulated environment are leaving the country out of fear that they too will be forced to make millions in back payments.Omni Casino wrote in a letter received by Online Casino Reports last week that it would no longer accept accounts from Spain once May ends. It said all of its Spanish players would be cashed out upon request and that it would help with any queries. It is believed other similarly sized operators will make similar moves.
More online casinos are realizing the obvious benefits of offering their customers multiple gaming software platforms, as shown by Virgin Casino's decision this week to enter into agreement with leading games developer Playtech.Virgin and PlaytechVirgin Casino will access the best of Playtech's online games titles through direct integration with the software provider. Two Playtech games have already gone live at Virgin Casino this week - a branded 5-reel, 25-payline online slot based on the hit movie Trilogy Rocky, and the popular Mr Cashback slot.Virgin is only one of the top online casinos to recognize the power of multiple platforms. It now offers more than 350 games from a variety of leading software providers including WagerWorks, Microgaming, Cryptologic, Ash Gaming, Mazooma Interactive Games, Fremantle and of course Playtech.Industry trendBet365 is actually the industry leader when it comes to offering games from a range of software developers. This leading online casino offers slots, card games, table games, progressive slots and more from 27 different software companies, including of course Playtech, Microgaming and the other top producers.Players will agree that it is better for their casino to provide games from a range of sources. While all the leading companies can stake their claim to offering a comprehensive games package, obviously none of them can match the variety that comes with offering games from 27 different sources.
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The Netherlands looks set to adopt the "Danish model" for liberalizing online gambling, after the country's Justice Ministry this week ruled that the proposed "Belgian model" might not be strong enough to meet European Union laws. Netherlands to Grant Licenses The Dutch government first announced in March that it wanted to grant Internet gambling services in the Netherlands and lift gaming restrictions that hundreds of thousands of Dutch ignore every year. The proposal by the new coalition government represented a major shift for the country, which previously defended its online gambling ban at Europe's highest court. Justifying the decision to the Dutch parliament at the time, State Secretary of Security and Justice Fredrik Teeven said that several European countries including France, Italy, Austria, the UK and Sweden already regulate online gambling, and that the Netherlands should also allow its citizens legal online poker, bingo and sports betting. Danish Model Denmark formally implemented its new online gambling regulations on January 1 this year, after the Danish authorities finally received approval from the European Commission. The EC said it supported Denmark's decision to create lower taxes for online casinos than for land-based ones in line with EU state aid rules.Foreign operators are now welcome to apply for Danish gambling licenses provided they agree to pay a flat 20 percent fee on gross revenue. Their entry into the Danish market was controversial as it ended a 50-year state monopoly, but ultimately it will benefit Danes - and maybe the Netherlands will follow their lead.
Traders around the world are in consensus that binary trading online is a revolutionary experience. Its pioneering qualities are breaking barriers for investors within each avenue of the financial arena. Minimal risk, online accessibility, varying assets, and zero commission fees are just a few reasons why binary options trading is capturing the attention of both new and experienced traders alike.Trading is designed to be straightforward and simple so that all traders can benefit from binary options. There are three steps to each trade: Choose the underlying asset Click on "Call" to determine if the asset price will rise by the expiry time, or "Put" to determine that the price will fall Choose a specified investment amount How versatile are binary options? Binary options can be traded in varying forms which allows its traders to choose a preference that it most suitable. Option Builder Each trader has their own individual style of trading; option builder allows for the trader to customize each trade. This new method is increasing in popularity across trading platforms and is geared towards more experienced traders. For traders that have a working knowledge of the market, the option builder feature allows traders to set the exact expiry time and risk level of the asset in which they are investing giving creating a greater sense of control and risk management for the investor. One Touch The one touch feature for binary options is trending amongst traders, especially those of the forex market. This feature allows traders to earn profits by determining whether or not an underlying asset will exceed a certain price within a specified amount of time. The one touch feature gives binary option traders additional security in the transaction. This feature is available to traders on the weekends when markets are closed and payouts are elevated. The one touch feature offers investors the highest payouts available. Payouts of this feature reach up to 500 percent on each investment. Traders will earn profits on their investment if the underlying asset in the transaction reaches or falls to the target price. If this happens, just once within the expiry time, the trader will be considered to be "in the money". Advantages of Binary Options Trading binary options is not only simple and profitable for its traders; it also offers many advantages that increase the odds of being "in the money". Controlled Risk: The reward amount is known at the time of investment which allows the trader to determine the amount that is capable of losing. Hedging: This option allows traders to open a trade in a different category so that to increase risk aversion. Flexibility: Due to the reason that binary contracts are constantly issued at all times of the day, traders are able to trade on their schedule. Simplicity: It only takes three steps for a trader to be "in the money" and it is only by one single pip (price point).
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