Thursday, March 19, 2009

Filipino lawmaker wants online gambling banned

MANILA, The Phillipines -- As reported by the Philippine Daily Inquirer: "A lawmaker has proposed that gambling on the Internet be made illegal.

"Alliance for Rural Concerns party-list Representative Narciso Santiago noted in his proposed legislation that there are no existing regulations on Internet gambling.

"Santiago's bill proposes to make it illegal for people running a gambling operation to use the Internet or any other interactive computer service to place, receive, or otherwise make a bet or wager; or send, receive, or invite information that may assist in the placing of a bet or wager.

"He also said there is a danger that gambling sites may be used in scams to trick people out of their money.

"...But the bill also exempts certain operations, such as any lawful bet or wager that is placed, received or made wholly for the Philippine Charity Sweepstakes Office lotto, if these operations are authorized, licensed or regulated..."

Source: http://www.casinocitytimes.com/news/article.cfm?contentID=177458

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Sunday, March 8, 2009

Penn. casinos hitting the jackpot

PENNSYLVANIA -- As reported by the Pittsburgh Post-Gazette: "The economic woes dragging down most industries across America have one noisy, colorful, animated exception -- Pennsylvania's slot machines.

"At a time when other sectors are contracting, the six casinos that have been operating for more than a year showed 14.3 percent growth in February 2009 revenue compared to February 2008, the Pennsylvania Gaming Control Board reported yesterday. The growth occurred despite this year's February having one less day than in the 2008 leap year.

"Neither a recession, nor cold, nor snow nor anything else is keeping gamblers away from the casinos, which took in $125.9 million this February compared to $110.2 million the same month the year before. Those figures equate to players' losses in the machines, with the casino retaining 45 percent and the rest claimed by the state for taxes and other designated purposes.

"...An analysis by the Gaming Industry Observer publication shows that Pennsylvania's 16,800 slot machines in January were generating $295 per day, on average, a higher amount than any of eight other Eastern states that have legalized casinos..."

Source: http://www.casinocitytimes.com/news/article.cfm?contentID=177311

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