The Japanese Diet has taken the rise in problem gambling extremely seriously, this past weekend a new law was swiftly approved in the first chamber of the Japanese Diet. The timing of the new act, which will aid individuals who have been identified as having negative gambling tendencies, has come into the limelight at just the right time. The Liberal Democratic Party or LDP has positioned the Integrated Resorts (IR) Implementation Bill as a number one priority on the to-do list for the next government session. Putting Differences Aside It was recently reported that the three major parties within Japan,… Read More
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Austrian Based Poker Player, Tankaza Wins $1.1M
The Spring Championship of Online Poker Main event, Tankaza, an Italian residing in Austria won a historical payout of $1.1m. He was one of the 5 finalists based in Austria. The win was a game of chance strategy where the winner refused a heads-up deal from Julien Stuer that handed him the victory. The buy-in for the game was $10,300. This is not the first of Tankaza’s wins; he was the best in last year’s World Championship of Online Poker (WCOOP). To win the championship, he had been awarded a Platinum Pass. But was it not for Julien Stuer, things… Read More
Game Account Network Raises Money for Sports Betting
Game Account Network Plc is cleaning its balance sheets, and gaining more funds. GAN has boosted earnings for the year, which will help their expansion into the US sports betting sector. The details of GAN’s recent financial boost was provided in a disclosure to the London Stock Exchange. They announced the raising of $10.05 million using ordinary shares. The reason behind the streamlining of accounts is regarding the US sports law. The sports betting law change in the US means companies can start to offer sports book, perhaps even online. The Federal government stopped companies from offering sportsbook options outside… Read More
City of Dreams Leaving LRWC Causes Massive Losses
After the City of Dreams Manila pulled out from the Leisure and Resorts World Corp. or LRWC for short, the total income for the groups’ 1st quarter has plummeted by 69.7% this year. After the financial statements from the firm were released a startling picture has been portrayed, the value of net income for the first quarter of the year previously stood at PHP272.1 million or US$5.46 million but it is now only standing at PHP82.4 million or US$1.57 million. The Causes of the Loss The company did point out that if not for several unfortunate and uncontrollable acts the… Read More