Espelkamp. The eastern Westphalian Gauselmann Group has successfully completed its 2010 business year. The entire volume of business thereby increased by 22 percent to 1.54 billion euros (2009: 1.27 billion euros). This was accompanied by the expansion of the level of employment within the group of companies. Therefore, the number of staff increased by well over 300 to approx. 6,350 (2009: 6,002) with further increasing tendency.
London/Munich, January 19, 2011 – The online gambling industry has reached its full stature – as have its long-standing business drivers: betting, poker, and casino games. Therefore, many operators are now looking for new revenue streams. After years of focusing on heavy gamblers, the industry is now concentrating on casual players and turns a hopeful gaze on social networks, online lotteries, bingo, and others.
The government of California could capture tax revenues of USD 650m in gaming tax over the next five years if it were to legalise on line poker according to a report from GBGC (Global Betting and Gaming Consultants). California’s share of the US Internet poker market was approximately USD 448m in 2009 with 778,000 active accounts and this revenue is going offshore causing a loss of income for California.
The Gaming Sub-Committee with Games and Draws of the House of Representatives refines the legal opinion about the law on the matter, which will not include table games, informed the coordinator of the legislative instance, Armando García Méndez. The Social Democrat legislator anticipated that the Sub-Committee will do anything possible to have the report ready the following week, to present it to the tribune to be debated.
Los Angeles (Reuters) – MGM Mirage reported a fourth-quarter loss of USD 1.15 billion on Tuesday as gambling demand declined, and it wrote down impaired assets, sending its shares down 3 percent in extended trade. The No. 2 casino operator also said its banks had agreed to waive debt covenants through May 15. MGM, grappling with weak demand from recession-weary consumers and a credit market crisis, warned earlier in March that auditors had substantial doubt about the company’s ability to continue as a going concern.
GamblingAnalysts.eu, working as a long-time scientific research institute and gambling analyst in Europe, finished a study on the gambling industry in North Cyprus. Until now, no such research has been executed in North Cyprus. The gambling industry – casinos, (sports) betting, internet & mobile betting – is at this moment regulated and professionalized in North Cyprus. New serious players have entered the market and at present there are 23 casinos!
A comprehensive report on casinos said the state could reap USD 596.7 million in total annual government revenues if state legislators legalized three destination casinos. The report was released by the administration of Governor Deval L. Patrick. It was completed by Spectrum Gaming Group of Linwood. In the past, Spectrum has worked for casinos and governments around the world.
In the UK, the Gambling Commission has released a report detailing its activities over the past twelve months that revealed it approved 3,428 operators with 4,199 operating licenses. The Gambling Commission, which was established in 2005 and took over the role previously played by the Gaming Board for Great Britain in regulating casinos, bingo, gaming machines and lotteries, stated that some operators had been granted with both remote and non-remote licenses.
An industry report crediting gambling for creating thousands of jobs and contributing CAD 15.3 billion a year to the economy was dismissed by critics Tuesday, who said the „one-sided“ advertisement fails to account for the social costs of gambling addictions or the lack of new revenue generated by the industry. The Canadian Gaming Association’s report found gambling accounted for 267,000 full-time jobs a year, and said 57 per cent of gambling revenue – CAD 8.7 billion – also supported government services and charities.
Bingos, horse racetracks and its respective agencies, among other sectors, will be forced to do constant reports on possible suspicious transactions registered in its business, to the Financial Intelligence Unit (UIF-Peru), a specialized entity registered in the Superintendence of Banking, Insurances and AFP (SBS). Companies will follow a control of their commercial operations, through a record of customers that make transactions equal or superior to USD 10,000.
Arnold Schwarzenegger recently joined a group of residents and the county in criticizing an environmental report produced by the Pauma Band of Mission Indians on a planned USD 300 million casino and hotel. An attorney for the governor said in a letter dated September 21 that the tribe’s report is incomplete and not supported by sufficient analysis or evidence. The letter said that the tribe has not adequately addressed the project’s effects on water usage, community aesthetics or police and fire services.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.