When is a winner not a winner? The answer is when the winner cannot collect the winnings! That Irish Gambling Judgement was made yesterday. This story was published by Calvin Ayre and also in the Irish Times.
The case was bought to an Irish Civil Court yesterday by Sayed Mirwais against a private members gambling club in Dublin, D1 Casino.
Gambling in Monaco was promoted during the late 1800’s, it was born out of a fiscal crisis. Conceived by Charles the third, the then prince of Monaco, it was the answer to a major financial problem. Charles III studied economics and hatched a cunning plan to attract the English upper class into gambling. It worked well as money poured into Monaco it was not long before all debts were paid off and they were able to abolish taxes. Princess Caroline, the wife of Charles III is often credited with the casino idea.
Finland gambling law has evolved around a state-controlled monopoly on all types of gambling. That includes land based betting and online gambling. It was set up to be controlled by three publicly owned organisations. They all donate profits to fund social projects something which the Finnish people relish.
Finland has been classified as the fifth largest gambling nation in the world. Finnish people love to gamble. Every year, Finnish people wage ten billion euros on lottery tickets, slot machines sports betting. 20% of that goes to good causes.
After a week of chaos the statement made by President Duterte has finally been clarified. Philippines gambling is now to exclude outsiders.
Philippines Gambling Clarification
Yesterday Andrea Domingo clarified the intentions of Pagcor following a statement made by President Rodrigo Duterte on Thursday. Andrea Domingo is the chairman of Pagcor regulate gambling in the Philippines. There was confusion after the Presidents statement in relation to the extent of a ban which he announced.
Andrea Domingo said that only unlicensed online gambling companies would be affected by President Duterte’s closure order. During October new licences were granted to 35 Filipino online gambling firms, the licences are valid for one year. It was thought that a total ban might include these firms. The President had caused confusion with his statement so this clarification was very welcome.
Shares in global gambling operators soared today as Japan legalizes gambling in a bid to encourage growth in the economy.
Japan Legalizes Gambling
After much debate about social problems and economic advantages Japan legalizes gambling. Today, lawmakers paved the way to develop a multi billion dollar gambling industry. Casinos will now be legal subject to regulation by the Japanese government. The long-standing prohibition on casino style gambling operations has now been lifted. It has been debated since 1999.
Japan is strategically placed to compete with localised casino gambling operations in Macau, Singapore and Saipan. These gambling locations enjoy a massive amount of gambling income from Chinese visitors because gambling in China is prohibited. The Japanese government can now look to gaining a share of this multi-billion dollar revenue.
On Tuesday the lower house passed a bill for a Japanese gambling law review and to consider legalization. There are hopes the bill can be enacted before the current session of Parliament ends next week.
Japanese Gambling Law Review
A Japanese law review has recently taken place but the opportunity to have a new bill passed failed because it was not put to a vote on time. Following Tuesdays action, if the bill is enacted, regulators can develop plans for final legislation to be passed. This is a major step towards legalising gambling in Japan.
Politically the new gambling bill is controversial. Although Minister Abe representing the Liberal Democratic Party, has been promoting legalised gambling there is a divided coalition government. The Komeito, the main coalition partner are against legalizing gambling because they say it may cause gambling addiction and other social problems in Japan.
Bermuda Gambling Laws have been updated to allow resort type casinos to operate on the islands. Bermuda would make a great gambling hotspot for US gamblers. Being located close to the east coast of the US it could attract a lot of gambling tourists.
Bermuda was discovered by the Spanish but was not colonised until 1609. That happened after a British ship was wrecked on a reef of Bermuda. Bermuda takes its name from Juan de Bermúdez who first discovered it. By 1612 Bermuda was colonised by the British and now it has a mixed population of 65,000 people. Bermuda has British, African and Caribbean roots due to it location and the slave trade.
The economy of Bermuda evolved with agriculture, shipbuilding and salt trading. That was until the 1900’s when it became famous for tourism. Today tourism is the largest industry and many cruise ships are lured there by the endless beauty and rich culture of Bermuda.