Cyprus to Legalize Gambling Due to Financial Crisis

Cyprus lawmakers are finally taking the decision to make gambling legal in the Mediterranean island. This comes due to the fact that the Cypriot President Nicos Anastasiades put forward a new plan which will have the purpose of rescuing the troubled country’s economy. The plan consists of 12 points which are hopefully going to bail Cyprus out of the economic collapse.

Even though the Orthodox Church in Cyprus is highly offended by this decision, the President declared that he is going to accept casino operators’ services. Until today, only land-based casinos in the northern part of Cyprus were legalized. Besides this decision, this weekend the Cyprus banks announced that more than 37 percent of the money deposited by customers are going to be converted into shares in the Bank of Cyprus, and no less that 22.5% of their deposits are going to be used for a fund from where they will obtain no interest and funds could be forfeited if the bank will be in need of them. Above all, the remaining money will be frozen for liquidity reasons, but will still earn interest.

Cypriot lawmakers are going to establish a new regulation system which will include allowing its own casinos. This comes as a surprise due to the fact that the island’s government restricted online gambling last year. This article was powered by CasinoWebScripts, which are a gambling software development company that offers solutions from slot games to consulting clients in opening land based casinos.

International Gaming Expo in Mexico City Delayed

The coordinators of the International Gaming Expo that takes place in Mexico City are announcing that the fourth edition is going to be postponed until 15 May 2012. The organizers decided that the event is going to be replaced by another one that includes a worldwide congress that is going to feature speakers from various gaming domains and also online casino script developers who wish to present their products. In Europe there is already a series of these types of events that have already gained quite a lot of popularity amongst gamblers.

The event was postponed because of the political situation which is unstable at the moment, due to the fact that the government’s structure has changed, Enrique Peña Nieto taking over, making it hard for the online casino owners to know what to expect, taking account that changes will probably be made in the regulation system.

The second reason is that the Mexican Home Ministry, which has the authority over all gaming business in Mexico City, is prioritizing taking measures against violence in the state, gambling being the last thing on the agenda for the prime minister. The event has been scheduled for 15 and 16 May. Gambling enthusiasts can open their own online casino using online casino scripts provided by CasinoWebScripts.

Online gambling can make you a millionaire

Casinos have become an important source of entertainment that has gained huge popularity since the early 20’Th century, games like Poker, Roulette or Baccarat thrilling millions of people and enriching many gamblers. Since technology evolved, people have discovered online casino games, which provided easy access to many who desired to play gambling games in other places than land casinos.

Since smartphones and tablets made their way into the gambling business, people are able to access online casinos from every location they desire and are able to play any of their favorite games without having to stay in line for the slot machines in crowded casinos. It’s a known fact that practice makes perfect, so the best way to winning a lot of money is by developing your own technique. An important aspect to keep in mind is that gamblers should pay attention to games that give good odds. You have to be informed about the game you are playing, by searching in the game’s description for facts about that specific game’s jackpots and figures.

If you are not such an experienced gambler, it is better that you play smaller amounts of money on different games, so that this way you could see which one pays better. Slot developers nowadays, like CasinoWebScripts, develop a wide variety of games, adequate for both ladies and gentlemen, games of skill like Poker, Baccarat or Blackjack, or games of luck like scratch cards or slots. Clients can also find elaborate descriptions of all games, which can help them in taking better decisions of how much amount of money they will spend for certain games, depending on their level of experience. CasinoWebScripts is a top quality slot development company that can help its clients open profitable online casinos.

New UK Online Gambling Regulations Troubles Operators

The information in this article was gathered by CasinoWebScripts’ writers. A new bill has been proposed in the United Kingdom by the Department of Culture, Media and Sport, suggesting that UK online players are in need of more protection, most of UK residents that create online casinos and online gambling site owners being currently under the legislation of other states like Gibraltar or Malta, where the regulatory system is quite lenient.

This way, most of online gambling site operators are being exempted of the 15 percent tax commissioned by the UK government on licensed gaming and betting business owners. If the proposed bill is thrown in, online gambling operators will be forced to support taxes on all revenues coming from UK residents who access their gaming sites.

Besides that, operators are being threatened by the Place of Consumption Tax, which calls for a guaranteed UK license from all online gambling providers that offer gaming and betting services to UK citizens. Lawmakers in Gibraltar are complaining that the new regulation is defying the European Union agreement, which claims that member states are not in the position of creating a new legislation system for the scope of collecting taxes, and that the regulation must actually demonstrate that it is approved for helping the state fight against unlawful online gambling operations. CasinoWebScripts can help their clients open online casinos that are in accordance to their needs and budgets.

Online gambling in Spain boosts, counting 1M gamblers

Spain’s gaming legislator La Direccion General de Ordenacion del Juego revealed in its report that in the fourth trimester of 2012, online gaming and betting business owners increased their revenues by a whopping €61.4m, 40 percent higher than in the third trimester, saying that the number of online gamblers has already reached 1 million.

Sports bets cover almost half of the total gaming and betting industry in Spain, claiming 48% of the total market, followed by online poker, which has brought more than €17m, representing 15% of the gambling industry in Spain. Online bingo has also gained a lot of popularity in the last few months, the gaming regulator stating that bingo puts its mark on 3.6% of the total market. Online slot developers should also be prepared for new regulations that might be coming, the Spanish market being ready to liberalize the industry by legalizing slots for online gambling operators.

It will be thrilling to watch what will happen to Spanish online gambling, considering that even though they hit 1M users, with over 100k gamblers monthly, after the first semester of 2012, the number of online gamblers decreased to less than 75k betters per month. This article was provided by CasinoWebScripts, a professional online slot development company.

New Jersey May have a Couple Benefits compared to Nevada

When you set New Jersey and Nevada side by side and compare the two online gambling laws, both states have their pros and cons as illustrated by information gathered by “Casinowebscripts”. For the most part, Nevada seems like it would be the easier of the two to break into, but for some people New Jersey is clearly the more desirable option.

One reason that many companies won’t be dealing with Nevada is the bad actor clause. This clause forbids any casinos that were open after the Unlawful Internet Gambling Enforcement Act went into effect.

Another reason that New Jersey may be more preferable is that it has a much larger population which means that the casinos would get more visitors even if the state decided not to work with any other states.

However there are plenty of downsides, such as the tax rate that is more than double in New Jersey. There is also the issue that anyone running an online casino has to be based in Atlantic City. That could be a problem if the online gaming supplier was not able to get a piece of property in the area before opening the business. Many people will choose Nevada over New Jersey, but there will be some who go the other route instead because they don’t have a choice.