The Casinos of Macau won $2.33 billion from poker players during the first month of this year, reported Gaming Inspection and Coordination Bureau of Macau. That was a dip of 21.4% compared to the same around month back.
This marked the twentieth straight month that gaming win has come down in this former Portuguese colony. The gaming revenue of the city fell by 34% year-over-year to $29 billion last year. It was the 2nd straight year of less gaming revenue than the year before that. Macau registered a record $45.2 billion in revenue in the year 2013.
The gaming profit of the city is believed to fall by another 8% in the year 2016, as per a report from Bloomberg. Even though, the market seems to be steadying. The gaming win in October fell by 28.4% year-over-year, but this was the very first month since 2015’s January when gaming profit fell less than 30%.
Continue reading “Macau gaming drops by 21.4% in January”
Tonybet Poker sponsored Open-Face Chinese Poker Grand Prix came to a close after the organizers gave away the prizes to the winners of €200 Main Event and the €500 High Roller.
A total of 17 events were added to the schedule and some 800 players registered in to the online poker series thus becoming the biggest OFC event conducted on the internet.
The Tonybet Poker spokesperson told PokerNews that the organizers are might happy and it has been again proved that there is a bright future waiting for the Chinese poker and the participating players are the ones that are making the event a success. The poker room spokesman elaborated saying that only in the last year the OFC presence was established in the global poker arena and the organizers are putting all the efforts to make it better for the 2015 fall season. He also said that it was also proved by the success of the second OFC series online, and players are helping us to fulfill the ambitions of the organizers.
“drinu92” won the Main Event of the series and he had to overcome a field containing 41-players participated in the OFC tournament. The prize money was boosted by the number of players present to €7,585 which also smashed the guarantee money of €5,000 offered by the poker room.
Continue reading “TonyBet Poker’ OFC Grand Prix Main Event won by “drinu92””
Denmark is poised to introduce a package of new amendments to gambling legislation as it has received the nod from the European commission.
The new amendment is going to introduce several important changes to the present legislation by the year end 2015.
Denmark is among the few countries which appeared to have discovered a successful formula in controlling the gambling industry and the recent reports from Denmark suggest an increase in the total gambling revenues and 2014 had witnessed a growth of 2% compared to year 2013.
Observing the positive turnout in future, the authorities of Denmark have resolved to change the present legislation by fortifying the measures in place related to money laundering, effecting changes to the taxation applicable on the gabling operators under license and introducing a new license which is particularly focused on daily fantasy sports
After the approval, the amended laws will distinguish operators depending on their yearly earnings, which will result into increased license fee to operators earning revenue of more than $16 million (KR100 million) per year, and reduced license fee for operators earning less than the KR100 million ceiling. This however as reported by PokeFuse, will not bring in changes in the gaming taxes and a 28% corporation tax will be levied on online gambling along with a 20% against the gross earnings on gaming. Continue reading “Online Gambling Legislation changed by Denmark, Growth of Industry Visualized”
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