Posts Tagged "tax"

Senate wrong on sports betting

Senate wrong on sports betting

Senate has now eradicated Bill C-290. This bill which was agreed by the senate and the House of Commons claims that betting sites would be allowed to legalize the betting of a single outcome event. The bill was first initiated by Windsor New Democrat MP Joe Comartin in 2012 who was the Minister of Federal Justice. It was later to be seconded by Conservative MP Rob Nicholson. It would later emerge that no one went against it and it went through unopposed.

The fact that bettors could merge two events and wage on them made Americans cross the border to Canada to have this opportunity and due to this two betting sites namely; Casino Niagara and Caesars Windsor took the chance to initiate the service for the incoming American visitors. In turn the process would generate huge revenue for the government as well as creation of job opportunities for the Canadians.

Moreover, the provincial governments have initiated a plan where they would deter the acquisitions of cash to organized crimes that is emanating from the unlawful betting on sports.

It has been claimed by the Canadian Gaming Association that more than $40 billion has been conducted via online or by individuals for the last three years since the this bill was passed by the senate in 2012. The CEO of Canadian Gaming Association Bill Rutsey claimed that the stories have been highlighted several times by the media. He gave an example where a police officer was detained when he involved himself with mafia bookmaker on illegal betting. He added that there was evident co-operation between Hells Angels and the Platinum Sportsbook bust from Super Bowl 2013. By this he meant that the beneficiaries of the illegal betting is not the government but rather gang sections as well as offshore operators and these don’t have a regulatory licenses to operate.

Implying on these happenings, the senate would have rather voted for the bill which has foreseen the government lose a lot of revenue from taxes and this would lower the economic growth of the nation. Generally it was a wrong idea for the senators who in turn should not be elected back to the parliament come the elections.

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William Hill has exited the Romanian market after Back-Tax Demands

William Hill has exited the Romanian market after Back-Tax Demands

William Hill is one of the renowned UK gambling operators. Recently they pulled out from the Romanian Market. Punters were unable to continue with their betting endeavours from Tuesday 3rd June. This is after the company ceased their operations and suspended the Romanian accounts. They asked the players to make submissions of their winnings payouts.

All those webmasters who acted as the Romanian market affiliates were also instructed to get rid of banners and links which connected their sites to Romania. A Spokesperson for William Hill said that their actions were prompted by the developments around regulating the Romanian market.

A new online gambling framework is being institutionalised in Romania which is planned to attract a couple of international licensees. Last month, the government made announcements that they needed all license applicants to pay up back taxes worth 20% of all the winnings from their Romanian players dating back to 2009. William Hill’s exit follows what Ladbrokes did in January, as well as Bet365.

On May 28th the president of Romania signed the new amendments to Government Bill 92/2014 which left the law to be published in the Official Journal for it to be put into effect. Interested operators have until the end of 2015 to send in their application to the National Gambling Office for the licenses.

On other news regarding William Hill, they ceased their offerings for their poker rake-back offers as from 1st June. William Hill runs on Playtech’s iPoker network which prompted them to change to source-based rake model this year in February which was their model of rewarding skins for bringing in more players to their poker arena. For players who were on the rake-back deals will be switched to Hill’s VIP program.

Thanks to Inspired Gaming Group, Hills now has two new HTML5 mobile applications. These fascinating games include a Romanian themed omni-channel smash by the name Centurion which is at this time one of William Hills’ top 3 games. The other is the called Spirit of the Samurai which is a free spins slot. The SVP to the mobile section at William Hill; Dave Hammond said that he was excited with the performance of the two games which are exclusive to William Hill’s mobile platform.

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Sports betting bill might cease if the senate doesn’t stage the vote before the elections

Sports betting bill might cease if the senate doesn’t stage the vote before the elections

Time is running out in Ottawa for the senate to act in making the single-event sports betting legal in Canada. The proposal was agreed upon by the House of Commons 3 years ago and has been untouched for the final senate approval.

Parliament will break for summer in a couple of weeks; if the vote is not brought the parliament’s attention prior to the next federal election, which is set to happen early this fall, then this sports betting bill might die off making this whole political process start from scratch.

The spokesperson for Caesars Windsor said that they still hope that the bill will get a vote but it would be a huge disappointment if this opportunity was missed. The exchange right now is favourable but they need something that is different from Detroit casinos which is something they hope will bring in more customers.

The CEO to Caesars Windsor is also the chairperson to the Canadian Gaming Association. He continues to air his views on the importance of Ottawa getting the single-event sports betting bill to be approved.

Things are uncertain and it seems the bill will not be handled before the fall of elections. This is picked from a statement made by Bob Runciman; who is the chair to the committee considering it. He said that it is unlikely that they will deal with the bill before the elections.

Among the departments pushing for this bill to be passed is the Canadian Chamber of Commerce. The CEO to the chamber; Perrin Beatty said that more than $14 billion in a year would be shifted from offshore and illegal wagers placed on sports to provincial taxation and regulation if the single-event betting would be legalized in Canada.

More and more people are disappointed in the slow pace the senate is taking on approving the bill. They are angry that there is no will in doing this and this is a good example as to why people have had enough of the current senate. The bill has been untouched from the time it was passed by the house. This slow pace allows for more money to be channels to crime through the illegal betting going on and could instead be put to better use in the education and health sectors in Canada.

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Promotions at BetVictor sportsbook

Promotions at BetVictor sportsbook

BetVictor is known to be one of the best sportsbook in Europe and all over the world. This has been a family business since 1925. In 1963, after the legalisation of betting shops Victor Chandler started his own shops for betting services. UK customers did not like betting a lot due to the 9% tax remitted on bets but Victor took charge of this by getting betting licenses from Gibraltar which made it possible for him to deliver his sports betting service free from UK tax. Through the years BetVictor has become a household name which is all through their commitment to technology and their will to have their customers satisfied all the time. At BetVictor you can bet on NFL, NBA, NHL, Cricket, Formula 1, rugby, golf, greyhounds, tennis and horse racing in a myriad of many more sports.

As a rookie at the bookie, you are up for a newbie’s sign up bonus worth £25. All you need to do is register a betting account with BetVictor and make a deposit which will be matched.

For the tennis fans, there is the “don’t hit the net” promo which is a money back bonus where you get your money back if one of your 5-fold lets you down. You need to place a five-fold bet on any tennis markets and if you make a loss of one, you will have your stake refunded of up to £50.

Saturdays from 10am to 11am is happy hour time at BetVictor. When you bet on football during this time, you will get 10 free spins to enjoy at the casino.

If you love betting on football, you will love the money back bonus dubbed back of the net. For you to qualify for the bonus, you need to bet on both teams to score market for 5 or more matches, in case one leg lets you down, you will have your money back up to £25.

With BetVictor, you can watch all horse races live from their website which makes live betting pretty easy for you. All UK and Irish Races are aired on their website and you can watch them from your PC or mobile.

Before going for any of the bonuses, you need to read through all the terms and conditions to make sure that you are capable of meeting all the terms and conditions set. This way, you are able to evaluate whether the bonus is worth your while or not.

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New signed bill that might boost sports betting handle in Nevada

New signed bill that might boost sports betting handle in Nevada

Two bills that were backed by the sports betting industry in Nevada could lead to growth in the $3.9 billion already being generated in wagers an annual basis in states were sports books were allowed by law signed by Gov. Brian Sandoval. The senate Bill 443 allows for the establishment of business companies to bet on race and sports. This new law permits investors to establish business ventures and share in profits and losses from wagers at Nevada sportsbooks.

In the Senat3 bill 445, Nevada sports books have been permitted to set the line to bets and oversee facilities that might be operated in other territories. These two bills were signed into law on Tuesday, 2nd June, 2015.

This is a move that holds Nevada as the core of sports betting in North America. This was picked from a statement addressed by the CG Technology counsel Quinton Singleton.

Singleton said to ESPN that sports-betting is in other territories but this puts Nevada on the map to becoming one of the highly regarded sports betting industries around the globe.

The CEO to CG technologies said that this new market will permit the company to grow their business and services. Experts estimated that the amount bettors spend on sports can grow by three times in the state over the coming 5 years which could be fuelled by sports-betting.

Components in the concept bill did not get legislative measure 2 years ago. On the other hand, they worked with the gaming regulators from the state it came to the wording that needed the entity to have all information disclosed on their sports books investors.

The state senator Greg Brower who was among the sponsors to the bill in the past 2 years said the bill components came up with assurance of support. He added that sports-betting was the next frontier for sports betting which is something similar to the games of skills in slot machines.

The bill points out that the entity has to be signed up with the Nevada Secretary of State and have a bank account in Nevada. The members to the entity needed to be 21 years of age and submit their personal identification, tax identities and Social Security Numbers.

The chairman to the Gaming control Board; A. G. Burnett in a statement said that there was not need to have new regulations towards sports betting  since it will be bookmakers who will decide on the bettor to be on their sites. The control board on the other hand has the authority to investigate and enforce powers over the bookies.

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