ï»¿With Casino Profits Sky High, Macau Nevertheless Wants to Be Similar To Vegas
With gaming revenues that dazzle, Macau still would like to emulate the vegas model more
For decades, ‘Las Vegas’ has been synonymous with ‘gambling mecca’ the sine qua non of the casino industry, the benchmark for how other video gaming destinations wanted to mirror themselves. But in merely a few years, Macau the Chinese Special Administrative District that has left every other casino destination in the dust, including las vegas has set a new standard in that regard, and 2013 looks to top the club even greater yet.
Las Vegas Masters profits that are non-Gaming
While Las Vegas may nevertheless have a lock on non-gaming revenues with the world’s most lucrative nightclubs, insanely shopping that is high-end premium restaurants Macau is now the hands-down champion into the pure gaming revenue department, global. And also as 2013 draws to a near-close, Macau’s gaming numbers check out once again catapult above not only all rivals including Las Vegas, but in addition above its very own previous year’s financial influx.
In fact, by just the end of November, 2012’s numbers are already being kept into the dirt. With November’s $3.8 billion gross intake in the Chinese enclave, included with what Macau gamblers introduced for the 10 months prior, the gaming destination is at $40.9 billion for year-to-date, versus 2012’s $38 billion, based on the Macau Gaming Inspection and Coordination Bureau’s recently Continue reading With Casino Profits Sky High, Macau Nevertheless Wants to Be Similar To Vegas
ï»¿National On Line Gambling Bills Introduced to Congress
Yet another bill happens to be introduced to Congress online that is regarding; but can it pass?
We’ve talked a great deal about how America is going to be waiting for a time before they get any action that is federal online gambling regulation. That is still likely true, but it is not due to an absence of bills that could do the task.
Bills, Bills, Bills
The other day, Representative Jim McDermott (D-Washington) introduced a bill that could once again regulate on line gambling at the federal level, splitting tax revenues between the states that players live in therefore the government that is federal. That bill joins two more introduced earlier in the day this present year by Representatives Peter King (R-New York) and Joe Barton (R-Texas), all of which are variations on the same theme: federal oversight and regulation of at least some forms of on line gambling.
McDermott’s bill is in fact appropriate for King’s effort. The McDermott bill would enforce how the income tax distribution from online gambling would work, with 12 cents of every dollar deposited reportedly being collected by governments at various levels. Two-thirds of that money would visit their state or tribe in which the gambler is playing, while the other third would go to the government that is federal.
The bill is more comprehensive than the Barton bill, which would just apply to internet poker. States could be able to opt in or from the online Continue reading National On Line Gambling Bills Introduced to Congress
ï»¿Regulating Play Money Social Gambling Web Sites: Could It Be Coming?
Should play money media that are social be controlled like its real cash siblings? There are arguments for both sides. (Image source: Insidesocialgames.com)
The thrill of the casino doesn’t really exist without one key feature: money for most gamblers. The risk that is potential of and thrill of winning cash is what drives most gamblers to play at all. But despite the fact that not a single penny is at stake, online ‘social casinos’ remain incredibly popular. These games enable players to savor blackjack, poker, slots, and a host of other games on Facebook along with other social news sites for no cost, and millions of players take component in and enjoy these games every day.
Money On the Dining Table, Or Perhaps Not?
But while the games may look like gambling and feel like gambling, the known fact that there’s no cash at stake on the end result of each spin or roll regarding the dice means they truly are not really gambling. And meaning that industry experts believe that there is no good cause for real-money online gambling laws to simply take hold within their field.
‘a casino that is social no more gambling than FarmVille or Candy Crush,’ said Paul Thelen, CEO of social gaming business Big Fish. Thelen was talking at the GamesBeat 2013 conference as part of the panel on social video gaming, and regulation was the topic that seemed to come up over and over again.
‘The industry is getting its act t Continue reading Regulating Play Money Social Gambling Web Sites: Could It Be Coming?
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