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Nov 07 2012BetFair Taxed Out of Germany
BetFair is closing its online sports betting exchange in Germany thanks to a 5% turnover tax. This is the latest in a series of online gambling companies that are leaving the German market due to the recent increase in taxes. BetFair’s exchange system allows bettors to bet against one another and not against a bookmaker
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Nov 07 2012Casinos Prepare for Online Poker Legislation
Mohegan Sun is going to start using a Bally Technologies iGaming system to offer poker games through the Wilkes-Barre casino and the Mohegan Sun casino websites. The games, which should be live early next year, demonstrate another step the casino industry is taking as preparation for legislation on online poker. Mario Kontomerkos, the Chief Financial
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Nov 07 2012Shanghai Police Bust Online Gambling Ring
There has been a major bust of an online gambling operator in China and state media claiming that the authorities have successfully reduced the biggest ever online gambling ring to operate in China. It has been reported that while operating, the gambling operation transacted up to $11 billion in illegal bets. Shanghai police broke up
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Nov 07 2012MGM to Receive Nevada Online Gaming License
According to the CEO of MGM Resorts International the company should receive an online gaming license from Nevada regulators later this week. The license will take MGM one step closer to entering the online market which is expected to be worth $10 billion a year by 2017. Nevada, Delaware and New Jersey have all moved
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