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IGT/Entraction bans poker players in 50 countries - but not Italy, Nick Jones Pokerfuse

IGT/Entraction bans poker players in 50 countries - but not Italy, Nick Jones Pokerfuse | Poker & eGaming News | Scoop.it

The IGT Network, formerly Entraction, has expanded its list of blocked countries adding 20 new banned countries.

 

Banned countries include: Australia, Spain, Belgium, Cyprus, Turkey, Israel, Norway, Russia, Canada, South Africa, China, Ivory Coast, Monaco, Denmark, France and Estonia.

 

However, one notable omission from the blacklist is Italy: IGT/Entraction apparently continues to allow Italian players without the network nor any of its operators holding a license.

 

IGT, who purchased Entraction and rebranded it at the beginning of the year, was one of the first to receive approval in Nevada for an online poker license.

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Cyprus bans online poker and legalize sports betting, Jocelyn Wood Pokerfuse

Cyprus bans online poker and legalize sports betting, Jocelyn Wood Pokerfuse | Poker & eGaming News | Scoop.it

Cyprus bans online casino games and poker while simultaneously legalising most sports betting. The most popular online sports betting which takes place on exchanges is banned.

 

The law provides for a 10% tax on net sports book revenues and a 3% tax on gross revenues. 1% of the gross revenue tax will go to charities working on gambling addiction.

 

Betfair will be hit hard by the law as it generates some £9m or 4% of its global revenues from the island. Betfair shares fell 4.5% on news of the new law. 

 

Greek company OPAP which offers online lottery and keno games will continue to be allowed to operate under an exemption reflecting a bilateral agreement between Greece and Cyprus.

 

Other sources:

http://www.gaming-awards.com/NEWS/archives/11665

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2012 - a year of gaming regulation, GamblingCompliance

2012 - a year of gaming regulation, GamblingCompliance | Poker & eGaming News | Scoop.it

In addition to events surrounding the European Commission Green Paper, this year has already seen Denmark open its online gambling market with the German state of Schleswig-Holstein move in a similar direction with the recent awarding of licences, while the remaining German states are seeking to implement an alternate licensing system. Spain at the federal level and also at the autonomous community level is also moving online. Moreover, Greece, Ireland, Cyprus and Portugal are all in the process of changing their current regulatory models.

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Cyprus betting shops raided in online gambling crackdown, Stephen Carter at Casino Choice

Cyprus betting shops raided in online gambling crackdown, Stephen Carter at Casino Choice | Poker & eGaming News | Scoop.it

Cypriot police raided a string of betting outlets on Friday to enforce the country’s recently passed gambling law, which banned all forms of online gambling other than sports betting.

 

Lawyer Yiannos Georgiades from Nicosia law firm Georgiades & Mylonas said that the law violated the free movement of goods and services and freedom of establishment rights within the EU Treaty, and that AA Crown Bet was looking into the possibility of issuing a lawsuit against the Cypriot state, filing a complaint to the European Commission and going to the ECJ (now known as the Court of Justice of the European Union).

 

Georgides also pointed out that with each of the 1,000 existing non OPAP-owned online gambling and slot machine shops employing between five and 10 people, the ban could potentially add between 5,000 and 10,000 workers to the unemployment roll.

 

Other sources:

http://gamingzion.com/gamblingnews/cypriot-police-raid-suspected-online-gambling-operations-2859

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Wargaming powers 30M players and 500K+ concurrent users, VentureBeat

Wargaming powers 30M players and 500K+ concurrent users, VentureBeat | Poker & eGaming News | Scoop.it

World of Tanks game is a hardcore massively multiplayer online 3D game that lets you battle your friends in World War II tanks. Since it launched in April 2011, the game has gotten more than 30 million players worldwide.

 

The Cyprus headquartered company, which was founded in 1998 and has now grown to 900 employees, many of them in development teams in greater Russia (Minsk, Kiev and St Petersburg).

 

Download the game for free, install it like this, and play it as much as you want. And yes, 70 to 75 percent of people, mostly teenagers, will never pay anything and we’re fine with it. We love those people, we need them. Some people, 25 to 30 percent, will from time to time invest five dollars, ten dollars, 15 dollars. Average revenue per paying user (ARPPU) is somewhere around between 30 and 40 dollars.

 

Wargaming has surpassed 30 million registrations. But that includes China, which is approximately 50 percent of the world’s online market. Peak concurrent users in Russia, the record one, was 452,000 Russians playing at the same time.

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