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Kevin Smith Gaming Guru - Page 34UK Treasury Considers Second Effort to Change Taxation Scheme for P2P19 May 2003
Despite recommendations by the U.K. Levy Board, traditional bookmakers in England are still pushing for new tax codes that would lessen betting exchanges' competitive advantage.
The British Horseracing Board is supporting an amendment to the budget that would do just that by increasing the amount of ... (read more)
Youbet Reports Solid Results, Responds to House Activity16 May 2003
During a conference call on Thursday with analysts and investors, officials with Youbet.com announced record highs for stock earnings and said they were optimistic that horseracing would be protected if an Internet gambling prohibition bill is passed in the U.S. Congress this session.
The company's CEO, ... (read more)
Hessen Could Be Germany's Next I-Gaming State15 May 2003
The German state of Hessen could be close to allowing play-for-pay gaming on the Internet.
In May 2002 the state of Hamburg's senate passed a bill enabling the regulation of online gaming. Taking their lead from Hamburg's policy (Hamburg's gambling policies are typically role models for other German ... (read more)
European Group Takes on Responsible Gambling13 May 2003
Pieter Remmers could become a key player in creating a global framework for regulating the interactive gaming industry.
Whenever gaming regulators study the feasibility of regulating Internet gambling, there are concerns over problem gambling. All over the world, the gambling industry is being urged to ... (read more)
Editorial: Boys Will Be Boys13 May 2003
Growing up as the youngest of three boys I learned quickly the value of passing the buck.
As the baby of the family, it was easy for me to blame things I did on my older brothers by just telling my parents they told me to do it. When we were charged with hashing out a resolution to a problem it was ... (read more)
Betfair, ABA Voice Opposing Views to DCITA9 May 2003
Betfair.com and officials with the Australian Bookmakers Association haven't exactly seen eye to eye on betting exchanges.
Naturally, the views expressed in their submissions to Australia's Department of Communications, Information Technology and the Arts (contributions for the mandatory review of the Internet Gambling Act) are on opposite sides of the spectrum. ... (read more)
Australian Casinos: 'Regulation Is the Answer'8 May 2003
For the Australian Casino Association, there is a simple solution to the review of Australia's Internet Gambling Act: regulation.
The ACA submitted its recommendations to the Department of Communications, Information Technology and the Arts as part of the mandatory review of the act.
The association, ... (read more)
Financial Institutions Oppose I-Gaming Transaction Ban in Australia6 May 2003
MasterCard International and banking industry groups are lobbying to prevent Australia's government from broadening the Interactive Gambling Act (IGA) to include laws making it mandatory for banks and credit card companies to block card use for illegal online gaming transactions.
As part of a mandatory ... (read more)
The Survey Says. . . Americans Want Regulation2 May 2003
Opponents of the I-gaming prohibition movement are hoping the results of a recent survey will give them ammunition in their efforts to convince the U.S. Congress to regulate their industry.
The results of the nationwide survey, which were released Tuesday by the Interactive Gaming Council, indicate that ... (read more)
'Derby Day' Looks Promising2 May 2003
The Kentucky Derby, unquestionably the most hyped event in U.S. horse racing, has become a major payday for companies operating online race wagering services.
While the Breeders' Cup and its nine championship races brings in more money for companies like Autotote Enterprises, the Derby is, as John Ponzio ... (read more)
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