Regulated online betting in New Jersey has seen a drastic increase in the month of December as well as the whole 2015 by over 20%. A report that was released by the Division of Gaming Enforcement on Wednesday indicated that income from online operators who are licensed by the sate recorded at $14 million in December. As compared to November when the revenue stood at $13.2 million, the report indicated a 6% growth. In relation to the total revenue generated in 2015, the report indicated that there was a 30.8% rise as compared to 2014. A 39% rise on revenue in year-on-year for casino vertical read at $12 million. Nonetheless, there was a drop in the poker income down by 3.6%.

In total, income generated in 2015 alone was recorded at $148.8 million. This was a 21% rise as compared to 2014’s income. 33% rise was also evident in the total online casino in the whole 2015 to record at $125 million in comparison to the one recorded in 2014. However, there was a slight drop in the poker revenue sector by 18% to stand at $23.8 million.

As the trend has always been, Pala combo/Bwin.party/Borgata had the mammoth share of the income generated in December at $3.96 million. From this figure, poker contributed $1.1 million whereas casino brought in $2.85 million. Total revenue accrued by Borgata was at $45.7 million which was a rise from 2014’s $44.3 million. This came despite poker overseeing a drop of 17%.

Caesars Interactive Entertainment on the other hand recorded December income at $3.1 million from which $2.23 million was from casino and $874k from poker. However, a drop in the 2015 year was recorded to $32.7 million from $32.9 million in 2014. This was as a result of the drastic decline of poker income from $13.3m in 2014 to $10.7 million in 2015.

The Golden Nugget casino had total December income at $2.87. Its total yearly income rose by nearly 300% to record at $31 million in 2015 from $10.8m in 2014. This was due to their amalgamation with the Betfair New Jersey.

Tropicana casino had December income at $2.8 million with yearly income rising by 45% to record at $32.8 million. Resorts casino Hotel on the other hand had December income at $1.3 million.

With the economy of Greece subsiding, the government heads have come up with one idea of incorporating a betting strategy that would improve the economy. This move will involve having a fresh way of licensing the Internet betting operators. This comes after its previous system collapsed. The new system will go to an extent of welcoming foreign casinos to apply for the license.

For long it has been evident that residents of Greece have been huge fans of online gambling. On that matter, the country has a number of betting casinos such as Jackpot City Casino, Dublinbet casino as well as 2winbet. Nonetheless, despite having these amazing casinos, the national government has failed in incorporate a well managed licensing strategy which has seen huge chances being lost. Since 2013, the betting operators have attributed an amount believed to be less than €60,000. This is an insignificant amount of revenue that a whole nation can recuperate from the betting operators.

Nonetheless, the little amount collected over the period has brought some sense by the Greek Syriza government which has said that it will initiate a new project that has segmented schemes on how the licensing to betting operators should be conducted. When this is done, the government has set eyes on average income from taxes from betting operators to about €500 million per year. The €500 million revenue raise from €60,000 is a huge task and it will take much effort and vigor to achieve it. The Deputy Finance Minister of Greece Tryfon Alexiadis claimed that the government will do all it can to oversee this income rise as from this year. The new regime of having a new license would be crucial in the creation of a substantial in having a peaceful betting environment which will attract more clients especially from outside the nation.

During the election campaign, the Greek ruling party brought up a strategy of having 7 distinctive pylons with each license going for €3 million. This will be a big boost for online operators who would smile all through with the knowledge that the authorities have no intention of curtailing their profit margin in any way. The project is on look out as to how the Greek government will incorporate it without having particular agendas of interest.

Five years down the line after the initiation of online betting in Italy, things have been running smoothly for the government apart from criticism from several betting companies on the tax levied. Nonetheless this has not hindered the government in imposing heavy taxation to the online betting sites. This has lifted the economy of the nation going against all odds and other stakeholders who saw online betting in a negative aspect back in 2010. The set rules have been crucial for the nation in attempt to eradicate the so called match fixing and other illegal dealings which have tarnished the online betting business.

To keep up this strong fight for any irregularities, the Italian Ministry of finance as well as the national chamber of commerce has indulged in a number of rules amendments to the betting sector of the nation. The recent change has involved the initiation of a 22% levy tax to all betting sites across the nation. This new move however is scheduled to start functioning in 2016 with the aim of improving the set conditions for the sector’s commercials.

This means that Italy will have to do with the controversial tax turnover which was scheduled for 2-5% and incorporate the new 22% set on the fixed net betting income. However, the new 22% is claimed to be 2% more than the stipulated tax rates on poker services, games as well as online casino. The new incorporation will be a part of the Italian legislators bid which focuses on having a new enterprise in the market by 2016.

The Amministrazione Autonoma dei Monopoli di Stato (AAMS) has been faced by a series of critics from several European operators who have argued that the state corporation has incorporated unjust tax scheme which have been hindering the growth and provision of services to online betting operators.

The new policy of 22% tax levy will however has to go past the Chamber Committee who will approve or reject it to the corporate law. There were other changes and increases in both the amusement with prizes (AWP) as well as video lottery terminal (VLT) operators. AWP will see its tax increased to 17.5% where the payouts will go down to 70%. On the other hand, VLT will be at 5.5% up by 0.5%.

Reports from the Spillemyndigheden the main betting regulatory body of Denmark have indicated that there has been a magical increase in the revenue emanating from online gaming market in the third quarter of 2015. This radical rise in the nation could set a good footprint for those other nations seeking to have regulated betting in their territories.

Denmark is renowned for its outstanding casinos such as Roxy Palace Casino, Maria and Tivoli. These and others have jointly brought an increased revenue totaling to DDK330 million (€44.2 million/$47.1 million). This is DDK65 million more than what was recorded in Q3 of 2014. However, the Q3 of 2015 has dropped slightly from DDK335 million recorded in Q2 of this year.

General betting income was recorded as DDK560 million in the Q3 of 2015 which represents a rise as compared to DDK470 of Q2 of 2015 and DDK495 recorded in the Q3 of 2014.

This was followed by an increase in the total gross gaming income to DDK890 million as compared to DDK760 million that was recorded in the Q3 of 2014. It also rose up from DDK805 million that was recorded in the Q2 of this year.

Nonetheless, a decrease in the total gross gaming income from the gaming machine as Q3 recorded DDK385 million which went down from DDK415 million that was recorded in Q2 of 2015. However, it was far much higher than the DDK370 million that was overseen in Q3 of 2014.

There was a record broken by the land-based casino incomes that shot from DDK80 million in Q3 of 2014 to record at DKK95 million in Q3 of 2015. This was the most successive increase ever experienced since 2012.

Spillemyndigheden claimed that the performance experienced in the Q3 of this year will play a major role as the firm eyes on a possible half a billion rise to the total gross. Currently, the total gross is at DDK8.4 billion without the Q4. Last year’s total gross was recorded at DDK7.8 billion.

At such a time, countries in need of initiating regulated gambling should keep an eye on the tremendous growth that Denmark is experience. Moreover, they should incorporate some strategies used by Danish to fulfill their dream.

A ‘Game On’ Conference meeting is scheduled to take place on the 13-14 of October this year with the aim of reviving gambling in Ukraine. The Kyiv based meeting involves global experts, captains in the gambling industry as well as top official in the Ukrainian government. The main agenda would be initiating a passage unto which betting would be brought back in the nation in a transparent way following five years absence.

Nonetheless, the reviving of the betting practices in the nation means that there will be initiation of new rules which would be followed to the letter not only by casino operators but also sports betting, online gambling as well as lottery acts. This would be fundamental in maintaining the interests of the nation as the first priority as well as putting in check the conduct taking place in accordance to the international standards. This initiative by the government will also play a key role in the affairs of the state including attraction of foreign gamblers which would boost the tourism sector as well as raising the revenue for the government.

The newly incorporated gaming industry is deemed to create more than 300,000 job opportunities in the next five years as well as bringing in extra UAH 2.3 billion as tax income in a year. The revenue can be used in other social services and the Ukrainian government would welcome such a move.

The Conference marks the start of several varieties of events with the initialization of rules of first order that would be beneficial to clients, operators as well as the government. This would be tagged along with acquiescence of the report to the Ukrainian parliament and the re-launching of the gaming industry.

Those in attendances in the conference and speakers include the Who’s Who of the Ukrainian politicians as well as global gaming industry advocates selected from various huge gaming firms. The conference provides casino operators, legislators, suppliers as well as equipment manufactures with ample time to discuss more on the future of betting in the nation.

ACE Publishing Ltd is the company that is behind the success of the conference and it is leading other companies in bringing back gambling in Ukraine.