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Scenic Orange County is the most-prized area in the battle over ny State casino licenses.

Scenic Orange County is the most-prized area in the battle over ny State casino licenses.

In the event that you want to operate a casino in brand New York State, you will need certainly to compete against some real heavyweights to do therefore. Major casino firms including Caesars Entertainment, the Genting Group and Penn National Gaming are among 17 applications which have been gotten by the latest York State Gaming Commission within the race for up to four available licenses in the Empire State.

A total of 16 businesses are now a part of the licensing, as Genting was responsible for two of this applications. All three of the available licensing areas are being contested, though it’s clear that some regions are considered more profitable than others.

Competition Focused into the Catskills

As expected, the Catskills-Hudson Valley region will see the competition that is fiercest. Nine of the proposals are located in this area, where Orange County is seen as the location that is best near new york now available to designers. Interested companies include Caesars, Genting, Penn, and Empire Resorts.

Caesars, for instance, has proposed Caesars that is building New in Woodbury, a city in Orange County. Inside their 6,000-page application, Caesars proposed building an $880-million casino resort in the sleepy city, located about 50 miles north of new york.

‘ We have an opportunity that is tremendous bring the Caesars brand to New York State and produce a world-class entertainmen Continue reading →

Betsoft Receives Gaming License Suspension from Alderney

Betsoft Receives Gaming License Suspension from Alderney

Betsoft has fallen afoul for the Alderney Gambling Control Commission for as yet reasons that are unspecified. But could a 2013 court situation involving the Bubble Group hold the clear answer? (Image: Betsoft)

Digitus, the parent business of Dutch online gaming software provider Betsoft, has already established its gaming license suspended with instant effect, although nobody but the Alderney Gambling Control Commission (AGCC) quite knows why. The AGCC, which regulates online gambling into the jurisdiction of Alderney, explained that it had released a hearing notice under legislation 90 of the area’s gambling legislation and has now purchased that the ongoing company must suspend its operations pending that regulatory hearing.

Needless to say, we seemed up Regulation 90 of the Alderney legislation therefore it sheds very little light on the matter just a couple of paragraphs of legalese about the executive director of the commission’s right to suspend gaming licenses where he sees fit, etc that you don’t have to and we’re afraid.

‘No Longer Suitable to Hold A license’

Speaking of whom, André Wilsenach, the executive director of this AGCC had this to say on the matter, during an exclusive meeting with our colleagues at Intergame: ‘we have adequate grounds to believe Digitus is no longer suitable to put on a certificate and therefore to provide services to our Category 1 licensees under their certificate. Hence th Continue reading →

Online Poker in Russia Tries to Come In Out of the Cold

Online Poker in Russia Tries to Come In Out of the Cold

No, he’s not featuring in ‘The Nutcracker Suite,’ but Russia’s Vladimir Putin could soon be playing online poker. (Image: MIKHAIL KLIMENTYEV/AFP/Getty Graphics)

The us government of Russia is actively considering legalizing and regulating poker that is online according to Russian business and politics daily Kommersant, therefore opening up a potentially huge market which could be worth $145 million yearly in fiscal revenue alone.

The Russian daily publication says that Russian First Deputy Prime Minister Igor Shuvalov has instructed the Ministry for Economic Development and the Ministry of Justice to compile a report on legalizing Internet poker, that will be due for consideration on July 21st. Kommersant stated that the information had been provided by unidentified sources within the government.

Moscow has apparently been swayed by certain fiscal projections, with some analysts claiming that internet poker legalization could bring 2 to 3 billion rubles ($58 million to $87.5 million) to the state’s coffers per 12 months, a figure which could potentially swell to go beyond 5 billion rubles ($145 million) within 5 years.

The figure that is former predicated on a model in which 1 to 1.5 billion rubles would be levied being a taxation on operators, with the same quantity from the players’ income tax. Whether Russia would adopt a framework that is monopolistic an available market remains to be seen.

PokerStars Blocked

It’s Continue reading →