Industry news
One year and two months after starting operations, Coljuegos (the state owned company in charge of administering the financial gaming monopoly) it presents a balance with its main results.We spoke with Rodrigo Velez, the present about the challenges and first results of the entity.What have been your objectives since you took the presidency at Coljuegos?We have posed a three axis strategy. The first one is to increase the finances that the nation receives, product of the gaming industry; second, to...
Individual members of the Remote Gambling Association have applied to the Greek Ministry of Finance and the Greek Gambling Commission for the concession to run the online gambling monopoly.Over the past two years the Greek Government has failed to implement its own laws to open up the online gambling market. The Greek Gambling Act allows for the licensing of online gambling operators but Ministerial Decisions and administrative measures undertaken prevent any operator other than OPAP from being granted a full...
Business has been on the decline in Atlantic City casinos for six years and running. To stop the bleeding, casinos are betting big on online gaming—an option that, of course, gives gamblers an easy way to avoid Atlantic City entirely. If people can gamble legally online, it seems like a fair assumption that they’ll have less need to hit the casinos. Hence, the physical casino business would take a hit. It’d be logical, then, that casino interests would be opposed...
Potential investors of the gambling zone "Siberian Coin" in the Altai region - international company "Casino Austria" - were promised not to be "overloaded" with taxes. Head of the region Alexander Karlin stated it at the recent meeting with company management in Barnaul. In his words, "gambling zone will take its place in the entertainment industry, but we do not hope that we'll solve all the problems of the budget through gambling. The issue of pumping up the regional budget...
Today’s gambling industry in Belarus, particularly in Minsk, is booming. After the closure of casinos in Russia more and more new casinos are being built in Minsk. And the existing ones are actively working to improve the quality of their services and infrastructure. This attracts a huge number of gamblers to the capital of Belarus from other countries.Junket tourism today is a very promising and interesting pastime that involves traveling around the country to participate in gambling with a good...