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The stock market had reacted poorly to news that the united kingdom Labour Party is planning for a levy that is multimillion-pound all sports betting, online and off, should it is elected in 2015. Ladbrokes plc dropped 3.16 percent, while William Hill plc fell 2.88 percent immediately following the statement by Labour’s Shadow customs Secretary Harriet Harman week that is last. The levy shall be similar to that currently applied to horseracing betting, the revenue from which, some £82 million ($139.314 million) in 2014, is ploughed back in the horseracing industry.

More Money, More Sports

The scheme that is new element of Labour’s ‘More Sport for All’ incentive, that will see the extra revenue raised from sports wagering going mainly to the growth of grassroots sports, with some going to the remedy for problem gambling. Harman also said she is considering the introduction of a ‘proper levy’ on revenue derived by the Premier League through the purchase of soccer television liberties, which will likely be used on developing grassroots soccer.

‘we had been all proud to host the Olympics and Paralympic Games in London couple of years ago but instead of seeing increased involvement, things have got worse especially amongst young adults as being a out Continue reading “UK Bookmakers Threatened with Mandatory New Levy”

While Portugal could have just suffered a stunning 4-0 World Cup loss to Germany, spirits are generally full of the country. The Portuguese economy is finding out about after a recession that is long and the country seems ready to stand on its own legs in the place of relying any further on European support. Still, the country looks as though it’s going to consider one measure asked for by the international bodies that helped bail the country out last year: liberalizing the online gambling that is national marketplace.

In accordance with reports, the Portuguese federal government has booked parliamentary time and energy to debate the problem of online betting before the end of the current session, which will conclude on July 10. The so-called ‘Troika’ ( consists of the International Monetary Fund, European Central Bank and the EU Commission) that sponsored the €78 billion bailout had asked Portugal to make changes to its online video gaming structure, with those requests becoming more fervent earlier this year.

Legislation Would End Gambling Monopoly

The possible tax windfall from an available and regulated online casino marketplace is observed as an important revenue stream for Portugal going forward. The industry is dominated by a monopoly controlled by Santa Casa da Misericordia de Lisboa (SCML), a religious foundation t Continue reading “Portugal Ready to Debate New Online Gambling Laws”

Even in the very best of times, the idea of allowing large casino resorts in Massachusetts had been a controversial one. Still, the residents of the state seemed to support the idea generally at minimum until recently. Now, a new poll has shown just how far support for the casino law has fallen.

According to a poll released this by Suffolk University and the Boston Herald, only 37 percent of Massachusetts voters now support having casinos in the state, while 47 percent oppose the idea (15 percent were undecided) week. That’s a shakeup that is huge the state’s opinion of expanded gambling: as recently as February, 51 per cent of voters said that they were in support of the latest casinos.

Possible Repeal Vote Looms

That view could easily change later this year if the general public’s opinion of the casino law wasn’t considered particularly important in the past. Massachusetts’ Supreme Judicial Court happens to be debating whether a measure to repeal the casino law must be allowed on a free lightning link slot games ballot that is statewide November, therefore the new numbers recommend that voters might kick the casinos out from the state if provided the possibility.

‘It seems like you’ve possessed a shift that is major opinion because the reality of casinos and the regressive nature of what happens with the placement of casinos in Massachusetts in addition for some of this so Continue reading “Support Dropping for Massachusetts Casinos, Poll Says”