The Seminole Tribe of Florida has offered the state USD 50 million up front and at least USD 100 million a year in exchange for the right to have Las Vegas-style slot machines, blackjack and baccarat, the tribes' attorneys said Friday. Under the proposal, the state would receive a percentage of the seven tribal casinos' revenue with the Seminoles guaranteeing a minimum annual payment of USD 100 million.

The United States continues to resist compliance with a World Trade Organization ruling regarding the double standards inherent in US online gambling regulations. In addition to reaching settlement with Antigua, the US will also have to negotiate settlements with several other countries. The Antigua Sun printed excerpts of an interview with an official from the United States Trade Representative (USTR) office which outlined the basic US strategy for resisting the ruling.

Macao (Xinhua) -- The government of the Macao Special Administrative Region (MSAR) is to amend regulations to curb teenage gambling, local media reported Friday. Macao Daily News, the leading local Chinese-language newspaper, quoted MSAR Chief Executive Edmund Ho Hau Wah as saying that the new rules will bar those unqualified for the casino entry from gaining prize money that they win.

This year, on October 3-5, will see the 16th anniversary of one of the world’s biggest trade show, EELEX, one of the central events in the gaming and entertainment industry, to be held in the world class Crocus Expo Center in Moscow. The Russian gaming market has 400,000 gaming machines half of which needs to be replaced or exchanged, thus a huge demand for new ones.

The country stands to double its tax revenues from gaming over the next five years as three more casinos come to the table — new players likely to add, not take from existing operations. "The possibility exists, all things being equal, that the government could double its tax revenue from casinos with the addition of these new operations," said gaming board secretary Bernard Bonamy. The government already does quite well with the existing four. In 2006, it raked in BSD 14.1 million, through a dual system of taxation.

Hollywood, Florida -- PRNewswire -- As the State of Florida and the Seminole Tribe enter the final days of their closely watched compact negotiations, the 3rd annual Florida Gaming Summit is preparing to spotlight Indian gaming with special presentations on October 8-9 at the Seminole Hard Rock Hollywood Hotel & Casino. James F. Allen, CEO of Seminole Gaming, will kick off the conference with a keynote address at the conference Welcome Reception.

Making the UK Gambling Commission’s "white list" for jurisdictions whose gambling companies will be allowed to advertise in the United Kingdom ended up being a big boon for Malta. The U.K. Gambling Act of 2005 went into effect September 1, and one of the new laws permits only those companies based in the European Economic Area or countries given special approval from the Department for Culture, Media and Sports to advertise their online gambling ventures.

Sweeping gambling laws have come into force in Britain bringing casinos, bookmakers and online betting under a new regulatory body. For the first time, operators will be able to advertise on TV and radio. Opposition parties attacked the measures, saying they would trigger a growth in people addicted to gambling. But Sports Minister Gerry Sutcliffe said the act provided "unprecedented powers" of control and protection for children and vulnerable gamblers.

France and Greece have been given two more months to respond to legal steps taken by the European Commission over alleged barriers to foreign gaming firms, the European Union executive said last week. The Commission took France and Sweden to within one step of European Court of Justice action in June when it also gave Greece an initial warning that it too was at risk over its gaming laws. It gave all three countries two months to respond.

Sweden has officially refused to meet long-standing European Union calls to open the country’s lucrative gambling market to non-Swedish companies. The Swedish government says while it intends to consider the demands, no changes to local law will be implemented. The government goes on to say it sees the lone Swedish exception to EU gambling laws as acceptable. In June the Commission demanded that Sweden scrap rules forbidding foreign firms from entering the Swedish betting market - an industry forecast to be worth over USD 5 billion dollars this year.

IMEGA is suing US Attorney General Alberto Gonzalez, the US Department of Justice, the Federal Trade Commission and the Federal Reserve Board of Governors seeking a judgement for a temporary restraining order on the enforcement of the Unlawful Internet Gambling Enforcement Act (UIGEA) 2006. This Act prevents American-based credit card companies and banks from processing payments to online gambling businesses with violators subject to civil and criminal penalties including imprisonment.

Macau: With a net worth of USD 20.5 billion, Sheldon Adelson is ranked third on the Forbes list of richest Americans. The 74-year-old chief executive of Las Vegas Sands attributes his rags-to-riches story to making right decisions at the right time. In Macau for the inauguration of the USD 12billion Venetian Macao resort with 3,000 hotel rooms, a 15,000-seat stadium and 350 shops, besides a USD 2.4 billion gaming centre, the gambling tycoon shared with The Times of India his success story.