|‘‘Tatts strongly disputes the reasonableness of the determination made by the Treasurer and its legal sustainability,’’ Tatts said in a statement today. Both Tabcorp and Tatts said the levy was contrary to their expectations and both are considering legal action to defend their business and shareholders from the tax grab.|
|PGRI Note: This article is like much of the media coverage. It appears to be impartial reporting, but is actually regurgitating the party-line of the pro-federalization Big Casino interests.
For instance, it states that "Reports have shown that legislators on a federal level would like to hurry and pass a measure so that the state-by-state process will not continue to grow." The implication is that there is something wrong or undesirable about the state-by-state process. And what "reports" are they referring to? The implication being that there is some kind of groundswell of legislators at the federal level who are lining up to take away states' rights to regulate i-gaming.
For instance: "Federal legislation will need to be put in place soon to gather a strong hold in the industry." That could be true which is precisely why we need to be vigilant and do everything we can to make sure federal legislation does not happen before some more states have enough time to implement their own regulatory and taxation framework.
For instance: "Federal legislation could allow states to offer poker options if they so choose and offer larger player pooling options." It's almost as if they are saying that federalization of i-gaming would be a good thing for the states. States already have the option of offering i-gaming. The only thing a federal framework would do is to dictate at least some of the terms and conditions, and potentially tax rates, under which states would be allowed to offer i-gaming. Federalization of i-gaming regulations would benefit Big Casino to the severe detriment of all the states except Nevada.
|This joint effort combines 888's decade-long experience being at the forefront of the online gaming industry with Scientific Games' proven ability to provide added value, turnkey solutions to government-sponsored (B2G) and commercial (B2B) gaming operators and Williams Interactive's premium iGaming products and services.|
|Emma Delta offered 652 million euros ($861 million), the Athens-based Hellenic Republic Asset Development Fund said in an e-mailed statement today. The deal is subject to regulatory approval, the fund said. As part of the deal, Greece will also receive 60 million euros in a dividend for 2012. The “first major Greek privatization was successfully completed today,” Finance Minister Yannis Stournaras said, according to an e-mailed statement sent from his Athens-based office today. Emma Delta is a variable equity fund controlled by Jiri Smejc and George Melissanidis, according to a statement from the fund. Investors include Czech Republic-based Emma Group and Russia’s ICT Group.
|In awarding the contract, Lotterywest Chief Executive Officer, Jan Stewart stated, “We’re always looking for ways to increase our contribution to the community, and are eager to integrate Pollard Banknote’s innovative print and interactive products into our collection. We believe that the introduction of these new products into the market in addition to the products provided by our other instant ticket providers will build on our strategy to engage existing players and attract new ones, while ensuring we maintain the integrity of our core values as an organization, and our continued commitment to our community.”|
|Quebec’s lottery corporation is exploring ways to boost sagging casino attendance. For one thing, people will now be able to drink on the floors of casinos, including at machines or tables. Drinking had previously been confined to bars and restaurants, a fact Loto-Quebec said made them the only jurisdiction in North America to not allow drinking on casino floors. Quebec health minister Réjean Hébert said that it's time Quebec got its head out of the sand and makes sure its casinos can be competitive.|
|“This is good news, as we have continued to achieve growth in our Lotto, Oddset and Stryktipset products, while at the same time reducing costs, even taking into account new investments such as Eurojackpot and Svea. On the other hand, we have seen a relatively large drop in sales for Vegas, which is mainly the result of more customers choosing similar game formats online and on their mobiles,” says Svenska Spel’s CEO, Lennart Käll.|
|“With Svenska Spel recently affirming its online gaming focus, we are delighted to renew our iGaming partnership with them and maintain a key stronghold in the Nordic countries,” said SPIELO International President and CEO Walter Bugno “Svenska Spel players can continue to enjoy the benefits of our intuitive and user-friendly poker product.”|