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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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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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Russian gambling ban drives business underground, iGaming Post

Russian gambling ban drives business underground, iGaming Post | Poker & eGaming News | Scoop.it

The Prosectutors General Office in Russia has since the criminalization of casinos closed down 36,490 illegal gambling venues, 420 casinos and seized 550,000 units of gambling equipment.

 

The government actions has likely driven the gamblig underground and increased the corruption. Recently a high-profile casino ring was uncovered in 15 towns across the Moscow region. Several high-ranking officials of prosecutor’s offices and the Interior Ministry were involved in the casino operations, which generated $5 million to $10 million in revenue monthly. Running land-based gambling business in Russia is today an exclusive privelege for the organized crime syndicates.

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Asian land-based casinos are booming, GamingZion

Asian land-based casinos are booming, GamingZion | Poker & eGaming News | Scoop.it

Macau’s gambling industry resembles an oligopoly. It is controlled by six operators that were granted 20-year licenses. The gambling bonanza continues and these operators rake in tens of billions of dollars annually. This makes them hardly complain about the 40% tax rate China imposed on gambling revenue in Macau.

 

Singapore is one of the competitors. It taxes the casinos from as little as 12.5 % to still relatively low 22.5%, depending on gambling type (i.e, high roller vs. small bettor). Nevada casinos pay as little as 6.75% on their revenues.

 

Other countries entering the race for casinos include Philippines, Vladivostok in Russia and  maybe North Korea.

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