Author: Petesede

Florida Supreme Court approves gambling amendment to state constitution.

As one of the largest states in the USA, the gambling debate in Florida has been getting a lot of attention with a ton of different groups all have substantially different stakes in what happens.  Florida has a long history with gambling debates with more than 50 different attempts by its´congress to pass bills to allow gambling.  Some of the more important groups involved include the obvious,  big casinos and religious group, but also involves the Seminole Indian Tribe who currently operate a handful of casinos including some HardRock Cafe Casinos on their lands. The constitutional amendment came about largely because the bills passed by the state senate and the state house are very different and no middle-ground can be reached.  One of the bigger issues involves which games are allowed, if online casinos will be allowed and the locations of games.  The senate bill mainly just allows slot machines and video poker machines to be placed at horse and dog racing tracks, the house bill allows almost full placement of casinos throughout the state.  And as mentioned, the Seminole tribe is against both bills for fear of competition, but also completely against the house bill because the current Seminole tribe gambling laws require profit-sharing with the state, something that would not be required by other new casinos opened under the house bill. But the writing is on the wall and Florida does...

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Understanding the rules when accepting bonus money from deposit matching codes

One of the more controversial topics discussed in online gambling forums is whether or not you should use promotional deposit matching codes when you make a deposit.  A good portion of experienced players will tell you that the rules that come with the bonus money codes make them not worth it.   In my opinion that is not correct if you understand the rules and the rules don´t require you to do anything you wouldn´t want to do.   But if you do use a promotion bonus code and accept bonus money it is vital that you read the restrictions and completely understand them… and that is the purpose of this article.  Before we get into it, it is important to know that every casino has different rules, and even if they have the same rule, they might implement it differently than other casinos.  In this article we will try to show you all of the most common variations of each restriction. To get things started, we will talk about the most devastating of all of the rules, the ´ restricted games´ rule.  The reason this rule is so devastating is that if you break it, you forfeit your winnings, end of story.  With the other restrictions, if you break a rule or don´t meet a requirement, it usually means you just have to play longer until you can...

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Starting slow with online gambling, penny slots

I came across this casino in my travels and it made me wonder why there aren´t more casinos set up for casual, low risk type of players.  It is obvious from the free game sections at Facebook and Google that free online casino games, especially slots and video poker are very popular and you would think that online casinos would be making more of an effort to covert those free players into players who come to a real online casino and bet real cash.   But that transition is tough because most online casinos generally promote themselves to the high-rollers offering big promotion bonuses of deposits of $1000 and promoting tournaments that require huge amounts to be wagered.  I guess that business model makes sense, but so does Winaday Casino´s plan of marketing to casual players who don´t want to have to make a huge deposit and don´t want to have to wager $1 or more on every spin of the slot wheel. There is more to attracting casual players than just penny slots, Winaday Casino also offers minimum deposit and withdrawal limits of only $25 while most online casinos require at least $100 for a cash-out.  Furthermore, the major promotion and origin of its name is a lottery that is made every day and does not require huge wagering amounts to be played ( like most tournaments), instead...

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Online Casino Tournaments, how to really compete

As you search around the internet for an online casino at which to play, one of the promotions you will often see are high prize tournaments.   While many people see these advertisements and think they are like poker tournaments as seen on TV, in most situations the tournaments at online casinos are a completely different concept.  Instead of competing with your fellow players in an elimination style contest, these online tournaments consists mainly of races to see who can wager the largest amount within the time frame of the contest by playing only the games allowed by the contest. The main setup is something like this.  The ten players who have wagered the highest amount on the particular games allowed all receive a prize with the higher placed winners receiving a bigger portion of the overall price pot.  So for example the winner might receive $10,0000 while the 10th place person may receive $100.  With this type of tournament, obviously the biggest determiner of who wins is who has the biggest bank and can constantly make high wagers in the selected games in a short amount of time. When the tournament involves games like slots, there is not really much of a strategy you can use other than starting the tournament with a high bank and hoping for some luck that allows you to keep wagering high amounts...

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Pennsylvania, the intersection between gambling and politics

Watching the plight of Pennsylvania House Bill 649 can be a learning lesson both in regards to the business model of many casinos, both online and real, as well as the games played in politics.  In the most basic terms, HB 649 would legalize online gambling in Pennsylvania.  The law was primarily aimed at making Pennsylvania competitive with its´neighbors, mainly New York and New Jersey as well as to get ahead of Ohio who is also undergoing a chaotic political process regarding gambling, and especially online gambling.   Of course Pennsylvania is also highly impacted by the proximity of...

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The locations of online casinos and the effect Brexit will have.

One of the more interesting things when researching online casinos is from where they are based.  Like many internet based businesses, there is no need to be physically located next to resources or even infrastructure.  This gives online casinos the freedom to choose in which countries to register based mainly on two criteria. The first the the corporate tax rate and the ease of doing corporate taxes.  In the many developed countries, including the USA, it is fairly easy to get a corporate tax rate down into single digits, however, it requires a ton of work, understanding regulation and possibly even lobbying to do it.  Meanwhile, there are other countries which you will see mention on the ´about us´ sections of many online casinos such as Panama, Gibraltar and Malta which offer a very low corporate tax rate, with no struggle required.  Every company gets the low tax rate without resorting to loopholes and voodoo accounting.  The is probably the main reason why many virtual companies choose to locate themselves based out of these rather obscure places. It is also an important point that because these countries have gone out of their way to create hospitable environments for virtual companies, andecosystem of companies are available inside of those companies to help support you there.  It is very easy to find support services that a typical virtual company would need....

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Progressive Slot winner receives over $17,000,000 payout from Microgaming

An online slots player from the UK recently hit what all of us dream of, the jackpot of a progressive slot that has been peaked for a long time.  The slot in question was appropriately names Mega Moolah.  For those who are not aware of how progressive slots work, and in particular progressive online slots  this may be your cue to start learning. Progressive slots have a jackpot that keeps going the longer the machine goes without anyone winning.  In real world casinos, progressive slots are often linked together mainly so customers don´t fight for a seat at the slot with the highest jackpot, but also they are linked so the jackpots grow more rapidly and get to higher amounts, which attracts more customers. It is this second reason that makes progressive slot machines so attractive for online casinos.  Not only are the slots linked at the casino, so every player playing the same slot machine will build the jackpot for that slot, but the casinos are often linked together, so you can have hundreds of players from multiple casinos all working together to build up a huge jackpot, which is what happened in the case of the player who won $17M. One of my favorite Microgaming casinos is The Lucky Emperor One thing to be careful of when playing progressive slots is that they very often are excluded from...

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Paypal and Online Casinos, where do we stand?

As someone who deals with a lot of online gamblers, especially those new to online casinos, one of the first thing that gets asked is about Paypal, and the ability to use Paypal to make deposits as well as collect winnings.   The answer is a confusing we used to, we can´t currently, but things are starting to look more promising and we should be able to use Paypal with online casinos again soon. In 2006, the US congress passed the Unlawful Internet Gambling Enforcement Act. (UIGEA) which made it illegal for US banks and payment processors to transfer money back and forth between gamblers and online casinos.  In an ironic, and probably planned twist, credit cards were for the most part excluded from this law. The law itself is vague about some things and has allowed many smaller payment processors to risk it.  So even know if you visit any online casino, more than likely you will see a handful of companies with similar business models as Paypal available for use. The main reason Paypal never took the plunge to test the waters was  because their size and popularity and most importantly because they functioned as a subsidiary of Ebay.  Paypal dwarfs their competition, and so while the smaller payment processors were able to sneak under the radar, a company as big as Paypal would get noticed and would...

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What effect will a Trump presidency have on online casinos?

For those of us who spend a lot of time involved with online casinos, the prospects of what will happen with a Trump Presidency is kinda like listening to Vizzini from the Princess Bride trying to decide from which cup of wine to drink.  There are cases to be made on both sides, so let´s take a look at some of the major considerations without making our heads spin.  And who knows, maybe just like Vizzini, it won´t matter which side with think is more likely to happen. The most obvious, in your face fact, is that Trump is a casino guy.  It is where he made his name ( literally, in 100 foot letters).   So at the very least, we are getting a President who is not morally or ethically opposed to gambling.  With a Republican candidate there is always a chance that you might get one who has religious or moral objections… but that won´t be the case with Trump. But on the other hand,  Trump owned and operates physical casinos.  There is obviously some competition between Vegas style casinos and online casinos and a person big into boosting profits for physical casinos might think hindering online gambling as a viable tactic.  This becomes even more important because some of the biggest owners of casinos are large supporters of the Republican Party, and so will have a lot...

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