Massachusetts Pro-Casino Referendum Takes the Day

Massachusetts Pro-Casino Referendum Takes the Day

Ah, sweet victory: Steve Wynn’s Everett, Massachusetts casino can finally progress following a referendum vote supporting casinos passed last night.

Residents of Massachusetts have selected to uphold the state’s three-year-old casino law, voting overwhelmingly in yesterday’s midterms in favor of maintaining the fledgling casino market, because the polls had predicted.

Somewhat confusingly, ‘no’ meant ‘yes’ for casinos on this ballot, as voters were asked perhaps the statutory law is repealed, with 59.5 % to 40.5 percent deciding that no, it should not be repealed, meaning that yes, they desired casinos.

Some commentators have actually recommended that the language used in posing the question was deliberately muddled and created to confuse.

Nonetheless, it’s a victory for MGM and Wynn Resorts, who have had their respective tasks provided the greenlight by regulators and who can now finally and definitely move forward with the certification process, a privilege which is why they will fork out $85 million an item before a cornerstone that is single set.

Not surprisingly, casino executives were jubilant and anxious to emphasize just what the casinos will do for their communities that are future.

‘Voters across the Commonwealth of Massachusetts today voiced their support of the 10,000 job that is permanent and significant economic benefits supplied by the Gaming Act of 2011,’ said pleased MGM Chairman and CEO Jim Murren. ‘MGM Reso

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All Around the EU, a License to Deal. Bustling EU: New licenses awarded in britain

 All Around the EU, a License to Deal. Bustling EU: New licenses awarded in britain and new possibilities in Spain were among many modifications to the gambling that is online in the European Union of belated.

The EU, AKA the European Union, is having something of a licensing and regulatory frenzy of late.

The gambling that is european happens to be busy with a flurry of notices regarding licenses, profits and new legislation, many making headlines across the continent. From the UK to Romania, modifications come in store for players and operators alike all around the EU landscape.

One of the most important recent changes for the gambling that is online worldwide has been the utilization of the UK Gambling (Licensing and marketing) Act, which has created a certification requirement of those who wish to run in great britain and can put in a 15 percent point of consumption income tax beginning in December.

Over the last few days, numerous associated with sites that have already gotten their UK licenses have started to advertise that reality in their poker spaces and casinos. Businesses ranging from 888poker to partypoker, William Hill and Bet365 have all started displaying the logo of great britain Gambling Commission. PokerStars was also expected to introduce a new site simply for UK players today, having confirmed they received a permit week that is last.

For the moment, gambling sites that are most will run in the UK under a continuation license. These licenses are crea

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UK Gambling Act Delayed by Gibraltar Legal Challenge

UK Gambling Act Delayed by Gibraltar Legal Challenge

London’s Royal Courts of Justice, whose High Court ruled that great britain Gambling Act should be postponed for a month.

The UK Gambling Act happens to be delayed by 30 days, as the Department of Culture, Media and Sport considers the challenge that is legal of Gibraltar Betting and Gaming Association (GBGA). The act that is new scheduled in the future into effect on October 1, but will now be pushed back in to November 1.

The GBGA issued the process in the tall Courts in an attempt to derail what it has called a misguided piece of legislation and a ‘wholly unjustified, disproportionate and interference that is discriminatory the proper to free movement of services.’

The act requires all gambling that is online to hold a UK license and pay a 15 percent tax on gross gaming revenue if they wish to engage using the UK market. Previously operators that are such be licensed in a number of jurisdictions around the globe, one of which was Gibraltar. These jurisdictions had been approved, or ‘white-listed’, by the national government in Westminster underneath the 2005 Gambling Act.

Legislation Unnecessary?

The GBGA’s objections are twofold. Firstly, it believes that the 15 percent ‘point of consumption tax’ will force operators to cut their bonuses and VIP programs, which will drive British gamblers towards the unlicensed black market, as the UK regulated web sites will not manage to compete, thus failing in its stated aim

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