10 per cent tax on the income from gambling activities (Bulgarian) | IXGAMES

Bulgarian - Organizers of toto and lotto and of casino betting on the outcome of a sports competition and uncertain events will pay a 10 per cent tax on their income, Bulgaria’s Parliament resolved, passing conclusively the new Corporate Income Tax Act. The National Assembly Budget and Finance Committee proposed that the rate of this tax…

Philadelphia to become the nation's largest city with casinos

Pennsylvania gambling regulators cleared the way Wednesday for Philadelphia to become the nation’s largest city with casino games, while rejecting Donald Trump’s bid for a slot-machine parlor and plans for another casino near the Gettysburg battlefield.The Pennsylvania Gaming Control Board chose from among 13 groups of casino giants, politically connected investors, celebrities and nationally known developers…

European Countries Regulate Gambling the US Prohibits It | IXGAMES

Spain has just announced plans to regulate Internet gambling. Italy has already begun to regulate Internet gambling. The UK’s new laws to regulate Internet gambling will be implemented in 2007. The EU is putting strict guidelines on European nations to protect against protectionism. And the Bush led United States is sticking by its prohibitionist terms….

Billion-dollar fantasy football business is no gamble to NFL

For many NFL fans, there are millions of dollars up for grabs over the final weeks of the season. They watch every game, every player, in the hopes that those receivers, running backs and quarterbacks can turn small investments into big money. Their hopes are pinned on the fates of their fantasy football teams. Sounds…

Russia considers gambling curbs

Russia’s lower house of parliament on Friday backed sweeping gambling legislation force casino games across the country to relocate into four designated zones.The State Duma voted 425-0 on a key second reading to pass the Kremlin-backed legislation, which would set up the four special regions by July 1, 2009. All gambling and slot machine businesses —…

Italian government is expected to show its hand on gambling

In a move viewed by many in the sector as the latest evidence of a shift towards the liberalisation of gambling in Europe, Rome will award new casino gaming licences to a range of national and international companies vying for the chance to run betting shops, kiosks, casino games and online gambling services. Europe’s €50bn ($65bn)…

German court upholds ban on online betting | IXGAMES

A top German court said on Friday it rejected a constitutional challenge to a ban on internet sports betting brought by an online sports betting company.The company had cited a March 1990 ruling in the state of Thuringia, dating back to the formerly Communist East Germany, which allowed sports betting. A subsequent ruling in 2004…

Former state Rep. Mark McNaughton Won Thousands At Slots

Long Time Gambling Critic (Mark McNaughton) Won Thousands At Slots: A recently appointed member of the Pennsylvania gaming board was a longtime critic of gambling games when he was a legislator but he has won thousands of dollars at casinos games, a newspaper reported Sunday. Former state Rep. Mark McNaughton voted against the state’s slot machine law…

Everest Poker calling Scandinavian online poker players

Everest Poker has decided to create a competition pitting Scandinavians against one another and lining up an extremely attractive prize and location for the finale in late February. Everest Poker is proving once again that it is one of the most imaginative online poker rooms in Europe today with this latest competition. Poker Players from all…