Atlantic City’s Revel Casino to File for Bankruptcy Protection

Atlantic City’s Revel Casino to File for Bankruptcy Protection

When Revel Casino finally opened in the spring of 2012 it had been hoped that it would reverse the fortunes of the Atlantic City casino industry. As the city’s twelfth casino and the first new casino to be built there since 2003 there were great hopes that the Revel resort would bring players into New

Update on the United Kingdom Tax on Online Gambling

Fixed odds betting machines casino type games used to launder money

Since the end of 2011 there has been movement by the British government to reform gambling legislation. This review has been in the offing since the Gambling Act was passed in 2005 when provision was made for changes to be made if judged necessary. In the 2012 Budget a major change was announced, this was

Switzerland May Legalize Online Gambling

Switzerland May Legalize Online Gambling

As regards land based casinos, Switzerland has one of the highest ratios of casinos to population in the world. There are nineteen land based casinos in the country and two more are planned. However, internet gambling is still illegal in Switzerland. Fifteen years ago Swiss federal laws banned the deployment of electronic networks and telecommunications 

Euro Vegas Finance Secured: Construction to Start 2013

EuroVegas Madrid

With the recent announcement that Sheldon Adelson’s Las Vegas Sands Corporation has the finance necessary to develop the EuroVegas complex just outside Madrid, work on the first resorts could begin before the end of the year. There was strong competition between the cities of Barcelona and Madrid to attract Sheldon Adelson. Both cities were prepared

New Jersey Governor Vetoes Online Gambling Bill for second Time

New Jersey Governor Vetoes Online Gambling Bill for second Time

In 2011 the New Jersey Legislature passed a bill to allow online gambling in the state but at the very last minute it was vetoed by the governor, Chris Christie. (See article: New Jersey Senate Committee passes online gambling bill). There were several concerns at the time including that horse racing in the state would

Nevada Governor in Favour of Interstate Online Poker Agreements

Some Movement Towards Federal Online Poker Legislation in the United States

Ever since the United States Department of Justice issued a ruling at the end of 2011 which clarified that the 1961 Federal Wire Act only applied to sports betting, some of the different states have been involved in attempts to legislate for online gambling. Nevada’s Gaming Commission put regulations in place back in 2011 to

Native American Tribes Join Forces to Face Up to Economic Downturn

Native American Tribes Join Forces to Face Up to Economic Downturn

Two of the largest land based casinos in the United States are owned by Native American tribes. Foxwoods Resort Casino in Connecticut is the largest casino in the United States. It is owned by the Mashantucket Pequot tribe and was opened in 1986. The United States’ second largest casino, the Mohegan Sun, owned by the

Nevada’s Main Casinos Made over 1 Billion Dollars Loss in 2012

Nevada’s Main Casinos Made over 1 Billion Dollars Loss in 2012

Nevada’s Gaming Control Board recently released its Gaming Abstract. The Gaming Abstract, which is compiled yearly looks at the financial situation of the state’s casinos which have a casino income of a million or more dollars for the previous fiscal year ending in June. In 2012 there were 265 Nevada casinos within this range. While