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.

It is official that Fanaments, an Iceland based fantasy sport company now works under the UK licensing. The firm is popular for its fantasy sport betting activities and services it renders to its clients. These fantasy sports stretch from football, NBA basketball, PGA golf as well as MMA.

The firm has been on the rise not only in terms of fame but also development sectors. Since it was initiated last year in August, Fanaments has already paid cash outs of more than €300,000 (£224,348). Moreover it has seen monthly growth which has not been below 100%.

During its initial launch, the founders of Fanaments CTO Gudmundur Sveinsson, CPO Arnor Davidsson and CEO Bragi Egisson had opted for the Maltese operational license. However, in attempt to expand their UK popularity and gain more clients, Fanaments heads decided to seek for a UK license.

Egisson claimed that it was with pleasure they introduce a multi-fantasy betting firm. Having most people depending on football fantasy, it was a brilliant idea to incorporate other sports in the fantasy gaming word to satisfy the craving of other sport lovers.

He continued to say that their initiation is congruence to the week fixtures of various sports. For instance, Magic and Raptors will go head to head in NBA action this week sparkling excitement to London fans. Moreover, the big game of football lovers comes over the weekend as Liverpool entertains Manchester United on Sunday.

Daily fantasy sports enables players to have a selected various teams every day and has Fanaments incorporating various incentives, live stats as well as an easy platform where different players from different areas can take the center stage.

Egisson also continued to claim that a very welcoming reception is expected to be guaranteed to Fanaments. This will motivate the entire team in bringing more excitement for this week as well as the upcoming days not only in football but also in various sports.

Many betting firms have always made acquisition of operational certificates their first priority the moment they are launched. More often than not, these sites usually avoid being on the wrong side of regulatory bodies when it comes to matters pertaining betting. There different type of certificates depending on the awarding regulatory bond. They differ in terms of duration period, areas they are allowed to operate in as well as the products and services that a firm should accord its clients.

The difference in the type of these certificates has been on existence since the early days of gambling. On that not, iSoftBet, a well known online and mobile games supplier has claimed that it has achieved a crucial step after it acquired the UK Level 3 certificate which is awarded by the UK Gambling Commission.

The process of acquiring this license started a year ago specifically in November of last year when iSoftBet was accorded this license by the UK Commission. However, rules claim that a 12 month period would be given to any firm seeking this certificate in which the gaming company at stake is supposed to bring its entire gaming suite to the third level of compliance.

iSoftBet took this time to strive hard and in the end it was able to meet the standards required by the UKGC. This gave the firm a go ahead and continued to accord its client with a flow of undisturbed service provision.

Recently, iSoftBet created the Neon Reels slot game which added its number of games in its platform and hence the company grew in strength. It is now able to provide its clients with outstanding first hand titles, slots as well as amazing mobile contents. This step forms an enhancement in its reputation and increases its chances of competitive market.

Commenting on the accomplishments, iSoftBet Compliance Manager Mark Halstead noted that the incorporation of the attainment of the level 3 forms a basic step in increasing the commercial development of iSoftBet and hence bolsters their quality and marks a new beginning of a productive period accompanied by massive growth.

Calls from the New Mexico Council on Problem Gambling have requested for the closure of fantasy sports sites like FanDuel and DraftKings. The group claimed that there are online operational licenses that the two firms have to acquire for the group to end the protest. The executive director of the group Kandice Blanchard was the first to commend the eradication of fantasy sports in Nevada while group’s therapist Dr. John Rinaldi claimed that the two sites have to get a betting license since they resembles any other betting sport such as horse racing.

Rinaldi claimed that the outcome of a horse race depends heavily on the bettor’s research and knowledge on his horse. It also relies on the previous performance in past events. The two are fundamental in winning or losing. The same case applies to fantasy betting where skill is used and this brings no difference with horse racing. Hence, fantasy sports can be classified as any other form of betting.

He continued to claim that despite it being new in the market, fantasy sport like any other betting is also very addictive. Clients may not be attracted to it that much at this period but with time, the addictive outcome will be evident.

A number of States with New Mexico included have yet to classify fantasy sports as betting since there was a law which was passed by the Congress in 2006. This Unlawful Internet Gambling Enforcement Act has provided a shadow to hide in to FanDuel and DraftKings as they argue the game is based on personal skills unlike kismet.

JD Oltman in Las Cruces told KFOX14 that fantasy sports can incorporate both luck and skills. One has to have analyzed information on a player intended to select as well as the historical background of the team they are playing against.

This was the exact point that was brought forward by Kyng Diego who said that a win is only guaranteed to the person who undertakes a thorough research on the players playing on a particular day.

Rinaldi has faith in the review of the matter by lawmakers who are to converge in winter. On the other hand, the New Mexico Problem Gambling will accord assistance to betting addicts.

Reports from the Finance Department in Delaware have claimed that the state officials are to undertake a thorough investigation on the eligibility and legality of fantasy sports betting DraftKings and FanDuel. This comes days after Nevada classified daily fantasy sports operations under gambling with an immediate banning following until the sites acquire a gambling license. The sites have been advertised frequently on TVs and a client only pays an entrance fee with a possible win of more than $1 million in cash.

Delaware Finance Secretary Tom Cook claimed that they have been on toes with events that are unfolding onfantasy sport betting and with the ban imposed on them by Nevada, Delaware had to go deeper in verifying the reason behind the existence of fantasy betting in the state.

The ban on the sports in Nevada follows the entrance of employees to these sites and this indicated a higher possibility of match fixing and other irregularities of the sport. Nonetheless, fantasy sport industry have claimed to have introduced the sport based on skill not chance and this is allowed according to the 2006 Unlawful Internet Gambling Enforcement Act.

According to Daniel Wallach, a sports law expert based in Florida, the step initiated by gaming control board of Nevada will not get rid of fantasy sports betting in the State for good, but at least it has shown its capability and played its role in regulation of illegal sports betting in the state. He claimed that it has been evident that fantasy is typical to gambling and this would call for operational license just like all other sports betting and gambling sites have.

This coming week, the House of Representatives will undertake a voting process on whether to minimize daily fantasy sports websites in Pennsylvania which are played in the 12 casinos based in the state. It was claimed that FanDuel and DraftKings had recruited ananteroom firm in Pennsylvania. Nonetheless, the two firms have claimed that this is not real betting unlike many state heads sees it. The State Public Integrity Commission has claimed that the two firms who have retained their lobbying business in Delaware since 2002, have not spent not even a coin in lobbying businesses.