Red Mile has seen the incorporation of 902 slots machine for horse racing. The facility is claimed to have incurred a total cost of $42 million as it was renovated after its 140 years of existence. The facility has been ever busy since it was opened on the 12^th day of September and everyday it sees many clients; old and young, black and white. The new racing house doesn’t incorporate horse as it can be noticed from the inside.

Once in, one pays the deskman a visit from where he or she is issued with a $5 voucher and chooses his slot machine. From the slot machines, images of horse racing come to being and it is from this point that one realizes that indeed the Evolution of Horse racing is imminent.

There is one major different between these machines and slot machines. Unlike slot machines, the evolving horse racing machines have the pari-mutual betting where victors are selected from the results of over 1000 past horse races but not selected by arbitrary number of generators.

Once at the slot machine, player chooses the preferred numbers of the top three finish horses. This can be made easier by analyzing previous performance of certain horses, their riders as well as trainers.

However, the introduction of horse racing revolution has faced several criticisms with the Family Foundation an activist group filling a case at the Franklin Circuit Court on the matter. Nonetheless, the complexity of the case may take a longer time than expected. The activist group has questioned the eligibility of whether the pari-mutual betting despite it being allowed by the law in Kentucky.

Nonetheless, the tracks have no worry on the matter as it is clear that the case would take more time before the final verdict is made and by then, the investment company would have recovered all the input capital. It would not be possible for the government to lose the source of taxes as well as firing over 200 employees in Red Mile.

Gambling is good when conducted responsively. Many have claimed that having vast betting revenue is crucial in the survival world of racing industry. Nevertheless it has been evident in other states that politicians get fed up once the flow of the expanded betting is initiated.

Despite £2m bill by the UK’s Point of Consumption Tax as well as marketing raise in Italy, 32Red has had a fundamental performance. The firm claimed to have immersed EBITDA of £1.2m in the initial six months of the year in comparison to the £2.3m in the H1 of 2014. Profits before taxation dropping to £100,000 from £1.2m. Nonetheless, the Total Net Gaming Revenue sprung to £18.6m from £15.2m.

Ed Ware the CEO of 32Red claimed that he was pleased to announce a glorious revenue increase to his firm in the first six months of 2015 fiscal year which saw the NGR rise by 22%. This performance was evident due to its bold new brand with many clients to their name as well as marketing profession from the driven investments. The business also saw the rise EBITDA by a whopping 57% which sees a strong business momentum.

32Red initiated its products in the Italian markets in the initial half of the year which in turn brought in an increment of 67% of NGR to £0.9m. Consequently, a total of 4,285 new clients were recruited at the period compared to 3,084 in H1 of 2014 and thus bringing a total of 8,443 active players.

The company claimed that the investment growth in the Italian markets has been a positive one but there still calls for some actions in the player and revenue growth sector that has lagged behind. This lag has been attributed to the low quality casino games offered in Italy as compared to top class games in the UK market.

A business analyst at Edison Investment Research Jane Anscombe claimed that she saw some potential in the market growth of 32Red. The mobile gaming incorporated by 32Red has been fundamental for it has contributed 40% of all the total incomes. This has increased the EBITDA by 57% to record at £4.2m before taxation.

The 32Red management is confident that their firm will meets its objective of x10 the EV/EBITDA. The firm has clearly showcased that a group which is managed properly can deliver awesome revenue, cash flows as well as adequate dividends in the current POC world.

It was reportedly reported that the investigation that was developed by the Hesse Ministry of Interior and Sports (HMDIS) to the regulations of the Germany online sport betting seems to have hit a rock after they were scheduled for a later time. The investigation was to be undertaken by European Court of Justice Authorities (ECJ).

Many betting firms have been hiding behind authority’s rules and regulations and avoid heavy taxation which they claim would not be crucial for their profit making. Other land based operators have indulged in illegal betting in maximizing their profits. However how these acts are against the law, it has taken the efforts of the law enforcements in fighting off these illegal acts. It has been claimed that huge sums of money have been gained through illegal betting.

It was claimed that the investigation conducted by the ECJ had come up with verdict that several online betting firms should be stripped off their licenses while others had not fulfilled the requirements to be awarded licenses. The verdict was to be made public at the middle of September but this seems to have not be the case.

Lately, the ECJ claimed that it wouldn’t rush into its final conclusion concerning the issue and would extend its D-Day by a full month up to the 22^nd day of October. It is also claimed that the main reason for this delay would be attributed to the fact that both the EU and Industry insiders had not received an official decision from the ECJ and this would continue if a clear statement is not delivered.

It is not yet clear if the HMDIS framework will be adopted by the end of 2015. As a result several shareholders have been left in darkness as they are not sure if German online sports betting will be guaranteed its operations as other operators are not sure if they would reapply a new license.

Criticism have been raised all across the year on the operations of the HMDIS regulatory body. It all started in the Q1 of 2015 when the body claimed to issue 20 operators with licenses, however, this sparked critics towards the government which was accused of segregating few operators in the awarding of the licenses.

Betting has been faced by serious problems especially to those operators who lack the operational licenses. More often than not, these operators are tempted to indulge in illegal betting which in many nations is going against the law. However, there still some operators who operate without license and prevail. They tend to evade the huge taxes that are levied by the sports betting regulatory bodies.

It was reported that more than $145 million has been operated and transacted through illegal betting. To curb the situation, various governments have incorporated state law enforcers who go door to door to seek those who violate the law. Nonetheless, to be on the safer side, it is always advisable to acquire an operational license and avoid being on the opposite side with regulators.

On that note, the Irish betting authority has claimed that it would offer a total of 27 operating licenses to those operators working in its new regulated sports betting market. The new licenses have been granted a gross period of two years. This will now give a chance to the iGaming as well as sports betting companies to accord Irish clients with their products and their services.

The Irish Tax and Customs office issued this new list at the beginning day of September. Among the 27 betting firms in the list included the leading betting operators in the nation; Paddy Power, Boylesports as well as Matchbook. Other betting operators who are based outside the country but were accorded with the license are bet365, William Hill, Gala Coral, Betfred, Betfair and the mighty Ladbrokes. All these firms are based in the UK. 188BET, bet-at-home, Full Tilt and PokerStars are the notable international betting operators included in the list.

The new rules that were initiated on the 1^st of August claim that online casinos, gaming and bingos in the nation will be levied a 1% tax yearly to their income. Online Sports Betting on the other hand will be accorded with a 15% revenue cut. This is much less than what the UKGC of UK levies to its bookmakers.

This fresh innovation is deemed to be fundamental in the initiation of the Irish Gambling Control Bill come the year 2016 and will be the beginning of a specific betting operator.

Fortuna Entertainment a betting operator based in Eastern Europe has reported to have suffered a huge loss of 47% in its net profit to record at €4.8 million as opposed to €8.9 million recorded in H1 2014. The main reason that has led to this loss has been attributed to the drastic fall in its group operating margins to record at 10.4% from 18.5% of H1 2014. This has resulted from being smacked by inauspicious sports outcome during the month of March.

In the initial six months of 2015, its incomes fell drastically by 5% to record at €46 million as a result of betting decline in its main fan base Czech Republic. Moreover, it can be remembered that moments earlier, the government of Slovakia had cancelled the online handling fees which affected Fortuna.

The company had a glorious year of 2014 where revenue had rose up and mostly due to the presence of the FIFA World Cup. However, vertical replicated a 6% loss to record at €42 million as compared to €45.5 million recorded in H1 2014.

Despite the fact that this company oversaw a 23% betting increase to records its total earning to €411 million, the aspect of sustaining its operation performance was not evident which if it happened would have shown an increase in core market taxes as well as the operational costs.

Fortuna recorded an increase of 9.7% in the total operating cost in the initial six months of 2015 to record at €37.1 million as compared to H1 of 2014. The recruitment of several staff members by Fortuna development of its cost would be crucial as it tries to mould its future corporate growth.

Per Widerstrom CEO of Fortuna Entertainment claimed that this performance will not affect their year set goals. The outcome was as a result of higher rate of demand on online sports betting, the live streaming offer as well as the eradication of online betting fee in Slovakia. He added the comparing year and another has been affected by the absence of any global sporting event. For instance last year, income for Fortuna was much higher since there was the FIFA World Cup in Brazil unlike this year where no major event is taking place.