Online Gambling Bill Update

Germany Online Gambling Update: Online poker in Germany is currently booming, with around 290,000 people regularly playing games. Germans are estimated to have spent at least 1 million euros on online poker. This information was revealed despite the fact that online poker is officially illegal in Germany.

Technically in Germany, it is only legal if you gamble in casinos. This leaves the growing internet market in a gray zone. If money is involved in online gambling, it is against the law, but no one has been accused of a crime so far. Prosecution of a crime will be difficult, as servers from many game providers are outside of Germany in places like Malta, Gibraltar, and Seychelles. Not to mention the fact that German tax authorities control land-based gambling businesses and take more than half of their business profits to corporate taxes. However, online gambling cannot avoid state funding, as there is no regulation on revenue.

French Online Casino Updates: The French parliament is considering legalizing and regulating online gambling. A recent article in a French newspaper said France could legalize online gambling as early as next year. The move will help France’s internet industry compete with other online casinos located in London. France also plans to work with other European Union countries such as the Netherlands, Germany and Belgium to establish a “system” that allows partnerships between these countries and France.

To prepare for the legalization of online gambling, several French casinos have been approved, the dominant organization in the gambling industry. Now, these French casinos can be considered the safest and most secure online gaming sites on the internet. These sites are branded as “Play It Safe Seals,” which have been proven to attract more players and offer more monetization opportunities.

France’s online gambling industry has been booming for years, with some experts saying the French participate in online gambling three times and twice as long as British online casino gamblers.

U.S. Online Gambling Bill: In the United States, the banking industry has adopted the Safe and Safe Internet Gambling Initiative (SSIG). Proposed by Democrat Barney Frank and Liberal Ron Paul, the bill is the latest attack on the Illegal Internet Gambling Enforcement Act (UIGEA), which will hinder the application of the rules required to enforce the UIGEA.

Republicans passed UIGEA to address complaints from players in the U.S. The law prevents U.S. players from entering some online gambling sites and makes it illegal for banks or other financial institutions to complete online betting. 파워볼게임 UIGEA’s goal was to find a roundabout way to regulate offshore casinos that were originally outside the authority of U.S. law enforcement.

The financial sector has always strongly opposed banks and other private financial institutions after they urged them to act as law enforcement agencies for the federal government and stop doing business with online gambling providers.

Boris Becker Promotes Online Gambling: Retired tennis star Boris Becker has become a spokesperson for a celebrity advertisement crusade on a poker website. Becker is not the only celebrity who uses his face to organize the online gambling industry and increase social tolerance. Bayer Leverkusen Football Club also has an advertisement on its online poker company.

Certain poker providers that Becker advertises for transactions only with fake money. However, the goal is to attract more people to the provider’s “real money” sites. These sites have reported very large revenues, but the provider administration has not been willing to share net profits. Of course, they are making enough money to put large-scale ads on prime-time TV with a former sports star as their spokesperson.

Barney Frank and Ron Paul’s SSI Bill

Barney Frank and Ron Paul announced the legislation less than two weeks after they went to testify about the issue of federal officials enforcing rules banning payments for illegal online gambling sites. Bank officials also testified that the rules proposed by federal officials were boring and burdensome. A wide range of financial officials agreed that UIGEA’s ban on internet gambling was ineffective in preventing gamblers from using the internet to play poker, bet on horses, or take part in other kinds of bets.

Frank and Paul suggested that the rules planned by the Federal Reserve and the Treasury Department were too burdensome for financial institutions and the payment system. The SSIGI bill would prevent the U.S. government from taking any further action against rules requiring all U.S. banking institutions to block internet gambling payments. It is true that this rule is difficult and time-consuming to implement, and it will not stop millions of Americans from participating in online gambling. Not to mention that in the current economic situation, the U.S. has more work for financial institutions to do than to enforce online gambling regulations. Some people believe that the U.S. should regulate and tax internet gambling rather than waste time and money to implement UIGEA.

Online gambling still continues in the U.S. as more than 20 online casinos still allow U.S. players.

Calvin Air Retires From Bodok: Finally, in regular online gambling casino news, billionaire Bodok Life founder Calvin Air has announced his retirement. A spokesperson for Bodok’s public relations company said that Air will not be interviewed regarding his retirement and that there will be no official retirement date that will be released. A somewhat divisive online gambling expert, he plans to take some personal time from his home in Antigua and focus on the Calvin Air Foundation, the foundation he founded.