Leading German Gambling Machine Manufacturers Asks For Regulation of Online Casinos

The market for online casinos is fairly unexploited when it comes to Germany, so along with a growing gambling community comes questions of regulations. This is something that the leading gaming machine manufacturer and operator associations of Germany have been pointing out lately. They are calling for support of the third amended State Treaty of German Gambling in regulating online casino slots and taking it in a more liberal direction. The Bundesverband Automatenunternehmer, Automatenverband Niedersachen eV and Fachverband Spielhallen all take a positive stand on this development. As stated by these machine manufacturers, this is a good start, but only a start nonetheless, as this new treaty only will be effective until the 30th of June 2021 and this is… Read More

United Kingdom’s plan to tax Online Casinos for Free Spins

united kingdom to tax online casino
Going by media reports from last week, free plays and related discounts from online gambling operators are going to be subject to a new tax that takes effect from 1st August, 2017. The tax has been discussed widely, with different stakeholders in the industry voicing their opinions about its implications. The new taxation regime was removed from the Finance Bill 2017 previously, but now it seems like it is back and will be implemented after all. In the Finance Bill 2017, free plays would be dealt with differently according to recommendations published by HM Revenue and Customs. The changes concerning freespins for UK players proposed that the free plays should be added to the Remote Gaming Duty that licensed… Read More

Brazilian businessman wins $3.5 million on high stakes roulette

Pedro Grendene Bartelle wins $3,5m
Usually, we have to wait until somewhere close to the end of the year to gather a little dirt about the luckiest man of said year, but it seems like roulette gave us the undisputed 2017 champion back in January. In a series of video clips that went viral, a Brazilian casino punter walked away with a cool $3.5 million from a single roulette spin in which he had sunk more than $100,000.   Playing some super high stakes Roulette Businessman Pedro Grendene Bartelle was just having a good time with his friends, in the Hotel Conrad in Punta Del Este, located on the coast of Uruguay. A mug of beer in hand and a few aces up his sleeve,… Read More