Greentube, the NOVOMATIC Interactive division and supplier of casino entertainment to players around the world, has further enhanced its presence in Romania by going live with Baumbet.
The supplier launched via the Pariplay platform for the first time and a huge selection of its’ top-notch games are now available on Baumbet.ro. Titles include ‘Book of Ra deluxe’, ‘Dolphin’s Pearl deluxe’, ‘Sizzling Hot deluxe’ and ‘Lucky Lady’s Charm deluxe’. A popular slot among local players ‘Plenty on Twenty’ has also gone live together with a number of top-performing NOVOMATIC games tailored for the market in Romania.
Baumbet is a notable name in Romania, with its retail operations
comprising a period of 25 years and having established a powerful online
presence since the market opened in 2018.
The integration indicates another important step for Greentube as the
company continues to display market share in the Eastern European territory.
Michael Bauer, Chief Financial Officer/Chief Games Officer at Greentube,
commented that launching with such an established operator further demonstrates
the high demand for their portfolio among local players.
Bauer also said that they expect their games will be an instant hit with
Baumbet’s customers. He added that
Romania has quickly proven to be a strong market for Greentube as their classic
titles and new, modern content continues to perform strongly.
Daniel Cordos, Chief Operating Officer at Baumbet, said that Greentube
has more than lived up to its reputation for creating quality interactive games
that stand the test of time both in the land-based market and online. He added that their diverse range of content
is already ranking high with their players and will contribute to their goal of
providing an online casino experience that outperforms the market.
Published on April 28, 2014 by April Gardner
Steve Wynn is one of the gaming moguls that is attempting to win a license in Massachusetts to operate a casino. Competing against Wynn Resorts is Mohegan Sun, a tribal gaming company that also is fighting for the Massachusetts license.
This past week, the two gaming companies squared off in an issue over how the state plans to regulate gamblers’ winnings. Currently, a provision is in place that would mandate that gamblers that win more than $600 sign a tax form and be subject to instant tax withholding on the winnings.
Steve Wynn, who operates casinos in Las Vegas and all around the world, believes the tax law will keep gamblers from playing in Massachusetts casinos. Wynn has been joined by MGM in their effort to have the regulation changed.
“It’s functionally impossible to interrupt play after each hand to administer reporting or withholding,” said Wynn Resorts, in a letter to regulators.
The gaming commission in Massachusetts has acknowledged that the provision could be troublesome for casinos and gamblers alike. They have also asserted that the goal is to regulate taxes on winnings in a similar fashion to the casinos in states in surrounding states.
“We anticipate that Massachusetts will follow the practices used in other states,” said Department of Revenue Spokeswoman Maryann Merigan.
The federal standard allows for gamblers is lower than the current five percent tax on winnings over $600 that Massachusetts has in place.
Mohegan Sun, which operates a casino in nearby Connecticut, is also looking to win the Massachusetts gaming license, and they took a personal jab at Wynn for his stance on the tax issue.
“The rules were established long before any operator submitted license applications,” said Mitchell Etess, Mohegan Gaming Authority CEO. “Steve Wynn apparently wants his own set of rules.”
Nobody in the Internet casino industry is surprised the familiar foes of regulated online gambling are marshaling their forces to resist the passage of Barney Frank’s new bill. While some celebrated prematurely, in what iMEGA chairman Joe Brennan, Jr., called a display of “completely unqualified enthusiasm,” others knew the hardest parts are ahead.
Once again, Spencer Bachus is quick to utter absurdities into whatever microphones come near him, apparently figuring it doesn’t have to be the truth if you say it often enough.
“Illegal offshore Internet gambling sites are a criminal enterprise,” says Bachus in a tautology. He neglects to note if they are legalized, they will, of course, not be criminal enterprises.
Bachus also states that “…allowing them (online casinos) to operate unfettered in the United States would present a clear danger to our youth, who are subject to becoming addicted to gambling at an early age.”
Gaming experts note that Bachus’ claims of addiction belie most modern evidence, but his rhetoric reflects strongly-held convictions of the social conservatives that form his base.
“In certain circles, what Bachus parrots is considered to be proved beyond question, without ever an objective consideration,” says sociologist Gerald Holdenstein.
When told that concerns about problem gambling and child participation would be addressed by modern developments in software, Bachus told the New York Times that “such security measures are inherently unreliable, can be trivially circumvented and will fail at high rates.”
Online gambling operators point to success with such programs in the United Kingdom, but also realize Bachus may not believe his own words, and certainly will not disavow them, as he plays a cynical political game.
“At least he’s no longer telling everyone one-third of US teenagers who gamble attempt suicide anymore,” said one casino owner, speaking of a disproved wild claim Bachus made to rally troops against Frank’s last gaming bill.
Published on May 26, 2009 by JoshuaMcCarthy
The Kentucky Supreme Court is still deliberating the merits of the state’s case concerning its attempted seizure of 141 online gambling sites’ domain names, but another court has already released a ruling. The English High Court decided on October 16th that domain name registrar Safenames and its client, online poker operator Pocket Kings, are not liable to any Kentucky verdict.
Judge Michael Furness found that English law prohibits a foreign government from enforcing a law that is governmental or penal by nature in areas of English jurisdiction. The court also ruled that its decision was by nature pre-emptive, to allow the continuing of operations by Pocket Kings, in which the online gambling domain name plays a central part.
This judgment establishes that, even if the unlikely event occurs that the Kentucky justices rule with the state, the enforceability of the order could very well end at US borders. Foreign registrars will be within legally established rights to ignore a seizure without jurisdiction, and online gambling sites cannot be held accountable to a seizure order in this case.
“We are glad to have provided assistance in the clarification and determination of the order’s unenforceability in the United Kingdom and effective nullification of the Kentucky Court Order,” says a statement released by Safenames.
The UK verdict is consistent with legal opinions from across the US and around the world, which have assailed the Kentucky forfeiture case for ignoring the logical precedent, that any jurisdiction can shut down a worldwide Internet business for being available online in that locality. Online gambling industry reps have allied with libertarians and Internet freedom groups to protest the Kentucky action.
Published on October 27, 2009 by JoshuaMcCarthy
The New Hampshire Senate beat a looming deadline and approved a bill permitting up to four casino licenses and as many as 10,000 slot machines for the state. Work on the state budget had to be finished by midnight last night, just hours after the gambling revenue plan passed.
Authorities have said New Hampshire faces a $300 million budget shortfall by the end of the bi-annual fiscal period in June 2011. The Senate rejected a House counter-proposal which would cut $181 million from the deficit, instead opting for its expanded gaming plan which is estimated to save $283 million.
The House has rejected previous attempts to expand gambling, and prospects for the latest bill are uncertain once it is considered by the House. The Senate bill says $80 million in taxes could be raised from slot machine gambling in 2011.
“This presents a balanced budget, one that reduces taxes, restores essential services and prevents downshifts to municipalities and providers,” said state Senator Kathleen Sgambati of the Senate bill.
The bill passed by a 14-10 vote.
The House bill including provisions for raising taxes, while the Senate gambling measure did not require higher taxes on residents.
Published on May 14, 2010 by PrestonLewis
New Jersey state Senator Raymond Lezniak has introduces a bill to regulate online casinos. Lezniak’s measure would specifically grant permission to New Jersey residents to gamble on the Internet.
The casinos allowed would be the licensed casinos in Atlantic City, part of Lezniak’s ongoing effort to revive the New Jersey gambling acene. Lezniak is also involved in efforts to legalize sports betting and regulate online poker.
The suggested law would require servers to be located within Atlantic County, either on casino property or in a secure location operated by an Atlantic City casino. All casino games legal at Atlantic City resorts would be available, including poker.
The bill would allow residents to establish an account and then play at online gambling either from personal computers, or at terminals to be located at state racetracks, giving both racetracks and casinos a chance to successfully pool customers. The terminals may be virtually the same as slot machines.
Lezniak would create a regulatory Division of Internet Wagering under the Casino Control Commission, which would watch over the new industry. Taxes would be set at 20 percent of gross revenue from the online casino gambling.
Despite the US Department of Justice defying courts and asserting that all online gambling is illegal, New Jersey joins a slew of states debating plans to run Internet gaming inside state borders, including Maine, California, and Florida. Illinois already operates legal and regulated online gambling.
Published on January 17, 2010 by TomWeston
Texas lawmakers are once again visiting the subject of expanding gambling in the state. A severe budget deficit has the legislators eager to consider any path that might allow funding of government services without raising taxes.
Gambling supporters outweighed detractors last year during the battle for gambling at the Texas Statehouse, but infighting over whose personal vision of gaming would be adopted prevented any one plan from advancing. Still, an $18 billion budget shortfall has brought the possibility of race track slots and resort casinos back to the table.
However, an official from the state comptroller’s office told a legislative committee that any new gambling laws might not have a significant financial effect for some time.
“You won’t get any money the first year, and it is very likely you will get a small amount the second year,” said John Heleman to the House Licensing and Administrative Procedures Committee. Heleman said the process to legalize a gambling expansion would first have to be approved by lawmakers, then pass a general ballot test to become a constitutional amendment.
The earliest voters could judge the measure would be November of next year, according to Heleman. Then rules and regulations would have to be devised, preventing any impact for close to two years.
Gambling supporters responded that the sooner the process begins, the sooner Texas can benefit from the gambling revenues it currently sees leaving across the borders to Louisiana and Oklahoma. And some seemed to have learned it is necessary to compromise in order to get gaming laws changed.
“There is opportunity for both casinos and racetracks,” said Andy Abboud, vice president for Las Vegas Sands, one of the potential operators if resort casinos are licensed in the state.
Published on July 8, 2010 by VirginiaMaddox
One of the concerns of opponents of regulated online casinos was addressed last week during the markup of Barney Frank’s bill in the House Financial Services Committee. An amendment was added to the legislation to regulate advertising for the online gambling industry as well as operations.
The proposal came from Democratic Representative Mary Jo Kilroy of Ohio. Kilroy said her amendment would give the Department of the Treasury the power to control “inappropriate advertising practices.”
While that broad term will need defining and fine-tuning, the examples set by the Advertising Standards Authority in the UK will certainly be used as models of proper restriction. Advertising is limited both to the content and exposure received, primarily to protect children and compulsive gamblers from being tempted by marketing ploys.
The ASA has had complaints about overly severe enforcement, including a refusal to permit ads clearly designed humorously and tongue-in-cheek. Also, even a single complaint from amongst the entire UK population has been enough to force withdrawal of some Internet gambling advertisements.
Still, the UK program has generally been successful, preventing ads that use child-friendly images and others that make winning at gaming seem highly likely or with odds misrepresented.
The Kilroy amendment easily passed the committee vote, even drawing foes of the bil such as Spencer Bachus to praise efforts to make the Frank measure a better and safer bill.
Published on August 2, 2010 by A.J.Maldonado
Discussion last week during the markup of H.R. 2267, Barney Frank’s measure regulating online gambling, led to the expressed belief by the majority of the House Financial Services Committee that oversight is the proper policy regarding Internet gaming, as opposed to the UIGEA ban. Even though Spencer Bachus, the ranking Republican and a determined foe of gambling expansion, described horror stories of gaming, listeners said his anecdotes only confirmed the failure of the Internet casino prohibition.
Bachus used a newspaper story in the Orlando Sentinel, which he repeatedly confused with the Ft. Lauderdale Sun-Sentinel, to illustrate the dangers of gambling. According to Bachus, the article spoke of 12-year-olds hooked on gambling, and desperate calls to problem gambling help lines.
But Representative Mary Jo Kilroy of Ohio retorted that the existence of the story shows the failure of the UIGEA to block casino sites, leaving regulation of gambling operators as the only responsible course. Over 5000 calls to counselors addressing compulsive gambling issues demonstrates the need to protect residents left in danger by the problematic prohibition.
John Campbell, a Republican from California, joined in the criticism of the UIGEA, saying regulation and oversight should replace the payment processing ban, which has been cited for its placement of unreasonable enforcement duties on the financial industry.
The argument that the technology doesn’t exist to properly regulate online gambling has also faded, as Democratic Congressman Gary Peters of Michigan testified players can be identified as to the state of origin, and the ability to require proper age checks can easily be included.
Published on August 3, 2010 by PrestonLewis