Latest Poker Updates
Mar 26, 2012 Online Gaming Online Poker
The deadline issued to poker sites Full Tilt poker, PokerStars and Absolute Poker has been extended by the U.S. Attorney for the Southern District of New York. According to PokerNews the stipulation and order, which stated Full Tilt Poker shall have until 5/14/2012 to answer or otherwise respond to the Amended Complaint, was signed by Judge Leonard B. Sand.
As per reports, the Deal between Fulltilt poker and Groupe Bernard Tapie will find solidification, hopefully, in a couple of weeks.
Utah Online Gambling Bill
Utah has dropped any probability of wagering on games by passing an anti-online gambling bill in the state, last week. The bill was signed by Gov. Gary Herbert. It is one of the only two states including Hawaii that has no forms of gambling and it has gone a step ahead by defining ‘No participation’ in the House Bill 108. A clause in HB108 states “If any federal law is enacted that authorizes Internet gambling in the states and that federal law provides that individual states may opt out of Internet gambling, this state shall opt out of Internet gambling in the manner provided by federal law and within the time frame provided by that law.”
UK Amended Taxation Laws:
When the UK government pulled up the taxes on companies to fifteen percent of their profits and polished off the fixed nine percent betting tax, many companies found it beneficial in establishing themselves offshore and free themselves of the hike.
But the government took notice and has amended the taxation laws as fifteen percent of the profits that the companies based offshore make from UK clients. It is not very good news for the companies but the UK government is all smiles.
Agitation in Spain against Eurovegas:
An agitation in Madrid, Spain against the construction of Eurovegas complex in the city, a high stake project of the company, Las Vegas Sands Corp, under the chairmanship of the business mogul Sheldon Gary Adelson, constitutes what can be called the-stirring-tidings of last week.
The project aims of constructing six casinos and 12 hotels within the complex. Madrid and Barcelona are in the line trying arduously to gain the contract. The contract will generate the much needed jobs in Spain at the cost of certain terms which include relaxation on immigration laws and the national ban on public smoking but with visuals of protests, nothing can be predicted.
