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Cyprus Close to Banning Online Casinos

December 10th, 2010

Some countries are moving forward with everything related with online gambling and bettering the quality of life in their countries by bringing in more money and jobs for their people. These days there are more people playing online penny slot games and other casino favorites than ever before, hence there’s a lot of possibilities for the industry to grow. However, this is not a rule for all places of the world and the island of Cyprus is a good example since it’s now trying to ban online gambling before the end of 2010.

It’s common knowledge that Cyprus has never been a supporter of gambling in any shape or form and has gone as far as not allowing brick and mortar casinos to operate on the Eastern Mediterranean island. Nevertheless, Cyprus became an European Union member in 2004 and since becoming compliant with EU gambling regulations in 2007, the citizens of the Island were able to place online bets that totaled close to €2.5 billion annually in what has been called ‘unlawful’ online gambling.

Cyprus has now proposed a bill to the EU which hopes to ban all form of online gambling besides sports bets. The EU law does not allow for EU nations to have any restrictions on the exchange of services between EU countries, the government of Cyprus has to request the European Commission for special permission to enforce their own online gambling ban. Cyprus is following in the footsteps of Portugal who in 2009 successfully defended their own internet gambling ban in the European Court of Justice. Both countries claim that this ban will help to reduce their domestic crime since authorities believe that the violence in the area is caused by online casino wagering and the elimination of this option will help them control criminal elements better.

Possible Change in Atlantic City Casino Operations

November 12th, 2010

The Atlantic City Casino Commission Control, the entity working to assure public trust and confidence in the credibility and integrity of the casino industry and casino operations in the city, could be facing tough times ahead if a proposed bill proposed by Governor Chris Christie’s current administration becomes a law. The drafted proposal states that the Casino Commission Control (CCC) could very well find itself with much less power and functions when working in Atlantic City which means bad news not only for Atlantic City gamblers but also for future online casinos in the area. Atlantic City is currently working hard towards having their land-based venues operate hand in hand with websites that offer the same games including tables games and penny slot machines.

This draft proposal could limit the powers of the CCC to just licensing casinos in Atlantic City, while transferring everything else to the Division of Gaming Enforcement. This Division currently serves as an investigative and enforcement agency for the billion dollar gambling industry in New Jersey. The draft aims to cut down casino industry expenses and use the savings to promote tourism to Atlantic City. Moreover, the change in power will also have an effect on the way casino inspectors operate as they will no longer be required to be on the casino’s premises 24 hours a day. This means additional cuts in the commission’s expenditures and over 139 casino inspectors would be forced to loose benefits since almost half of these inspectors are eligible for retirement. The proposal states that close to $25 million could be saved by restructuring the casinos’ regulatory bodies.

In addition, the draft also proposes the modification of taxes in Atlantic City casinos that are currently being paid to the state.The news come after the casino revenue in the city fell 12 percent in October, after Pennsylvania and West Virginia added table games and new casinos opened in Philadelphia and Maryland.

Harrah’s Expands Businesses to the Online Casino World

October 29th, 2010

Harrah’s Entertainment is considered as one of the biggest and most reputable casino companies in the United States and many casino enthusiasts have enjoyed their establishments for years. Harrah’s has casinos located in Las Vegas, Atlantic City, Reno, Lake Tahoe including places like The Flamingo, Rio, Paris Hotel & Casino, Imperial Palace, Bally’s, Planet Hollywood, Harrah’s Resort their most renowned casino, Caesar’s Palace. This month has been full of good news for the online casino community coming from the Harrah’s Entertainment group. Seeing that the economy has drifted so much in the past few years, they have decided to go for a safer route.

The news had been circulating for months now and they are finally out in the open. Harrah’s is keeping up with their promise of continued expansion of their business will be relaunching their Caesars Online Casino using an improved software provider, which is entirely different from what they were using in the past. Their new software will offer players the chance of downloading the software, more a better game selection including a bigger slot game choice with machines that can be played for even one penny. Even when the legalization of online casinos in the US is not confirmed as of yet, players from Europe will be happy to hear the news of Harrah’s newest venture. With such a powerful name to back them up, it wouldn’t be a surprise if Harrah’s manages to bring in a large number of players to their online tables.

It’s no secret now that some of the biggest land-based casinos in both the United States as well as Europe and other popular gambling destinations around the world are being deeply moved by the changes that online gambling is bringing to the industry. Most companies are hoping that soon enough, lawmakers everywhere will look at online casinos as a as a step forward in helping their own countries economy and little by little make these games more accessible for players

How to Win at Penny Slots

October 15th, 2010

Online penny slots are some of the most popular casino games available today. The reason being that the investment is virtually none and you can really profit if you play your coins right. These days most slot machines games will have the option to play with a single penny, although some games will require for a higher coin denomination. When you’ve found your penny slot machine of choice, it’s time to start cracking the code to collect huge winnings.

The first thing you need to do is to learn how to play the games. However, in order for you to learn how to beat these casino games, you must begin thinking like one of the professional gamblers you admire. These gamblers posses one key aspect in their personality and it has nothing to do with the penny slot machine itself, but with self discipline, control and nerve. Of course, professional casino gamblers also count on luck but that’s not the only thing. These types of players are winners because they set and follow realistic limits. Professional players use their own betting system which somehow helps them decrease the advantage of the online casino and helps them win. Whenever they are on a losing streak, they will reduce their wager amount.

If they’ve got their mind set to win at slots, they will first divide the money they wish to bet into a number of different segments. Let’s say their budget for the day is $100, then they’ll use only $20 for each five separate sessions. These players will also set a time limit they can afford to lose and also a winning goal for each of the sessions. If they started with $10, then they will quit as soon as they’ve lost the money or until they’ve won $20 or perhaps more.

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