|
PokerPages > Poker News > Poker News
Poker News - Poker News
Search News:
Cyprus Seeks to Regulate Booming Online Poker & Online Gambling IndustryThu, Apr 5th, 2007 @ 12:00am Online poker and online gambling has become very popular in Cyprus, amounting to GBP 28 million in bets during 2006 according to a study by credit card company JCC, which has prompted the Cyprus government to look for ways to better control and tax Internet gambling. But Cyprus has a few obstacles to deal with before they can do so.
Cyprus is a member of the EU, and a March 2007 European Commission Ruling stressed that any company licensed elsewhere in the EU can do business in other EU states, so Cyprus cannot legally penalize EU-licensed online gambling companies. They also recognize that it is nearly impossible technically to restrict the industry. Nonetheless, the Cyprus Finance Ministry is in the process of preparing a bill that would offer tighter controls and better tax generation. "The new bill aims to regulate Internet betting in a way that, among others, ensures that taxes will be paid by the betting company," the Finance Ministry's spokeswoman, Lenia Orphanidou told deputies last week.
The JCC statistics were presented to the House Institutions Committee last week but according to Marinos Sizopoulos, a member of political party EDEK (Movement of Social Democrats), the amount wagered on online gambling could be as high as GBP1.5 billion, as the JCC figures may not have taken into account the sums of money that are recycled during betting. Read Related Article:
More Poker News Articles
Fabrice Soulier Joins Everest Poker's Pro Roster To further strengthen its support for French poker in anticipation of the opening of that market, Everest Poker has signed renowned French poker pro Fabrice Soulier as its latest ambassador.
HHPT Co-Sponsors Bayou Poker Challenge Ladies Event Dec. 20 The HighHeelsPokerTour (HHPT), the first all women's poker tour launched on the East coast, will wrap up their 2009 schedule at Harrah's New Orleans on December 20th where they will co-sponsor the Ladies Event #14 no-limit Hold'em at 12 pm.
OPPAGA Reports on Florida's Online Poker Options Given that UIGEA permits individual states to regulate online poker, the Florida Legislature's Office of Program Policy Analysis and Government Accountability (OPPAGA) published a report this week presenting three options available to Florida State lawmakers in order to protect consumers from unlawful internet poker: regulate it, prohibit it, or carry on with the status quo pending federal legislation.
BC Poker Champion Arrested, Charged with Manslaughter Just two days after taking down the BC Poker Championships Main Event, Sophon Sek of Cloverdale, BC, was arrested in connection with one of the most storied crimes in the Province's history.
Local Businessman Bags European Poker Tour Vilamoura Bling The European Poker Tour rolled into the Casino Vilamoura last week, instantly generating the richest poker prize pool in the nation of Portugal's history.
Keikoan Captures Harvey's Lake Tahoe WSOPC Championship This week marked the finale of the biggest annual tournament series in Northern Nevada, the WSOP Circuit championship at Harvey's Lake Tahoe. While the Main Event saw only a modest turnout, it did boast of a tough final table, and a WSOP bracelet owner as the eventual champion.
WSOP Main Event Champ Joe Cada to Appear on Letterman The poker world will receive some late night attention tonight as "The Kid" Joe Cada, the youngest champion in the four decade history of the World Series of Poker Main Event, takes a seat next to embattled talk show host David Letterman.
First Korean Champ of Asia Pacific Poker Tour Crowned in Cebu Another stop on the Asia Pacific Poker Tour is in the books, this time it's the APPT Cebu in the Philippines, and for the very first time a Korean player has come out on top.
Pollack Done as Commish of World Series of Poker Just three days after crowning Joe Cada as the 2009 Main Event champion, officially closing the special 40th anniversary run of the World Series of Poker, Jeffrey Pollack has resigned his post as Commissioner of the WSOP.
Durrrr Signs as Team Full Tilt's Youngest Member Tom "durrrr" Dwan is the newest member of Team Full Tilt, the online site's highest level of affiliation. At 23, Dwan is the youngest of the now 14-person team. The high stakes cash phenomenon was nominated for induction this year into the Poker Hall of Fame until the Hall of Fame Governing Council decided he was too young to meet the "has stood the test of time" qualification. |
 Online Poker »
Poker News »
Blog Coverage
Top News
Fabrice Soulier Joins Everest Poker's...
HHPT Co-Sponsors Bayou Poker Challenge... BC Poker Champion Arrested, Charged with... Top Tournaments
|
Discuss this article in our forum
Print this article
All Poker and free play poker content ©2009 Advanced Global Applications, LLC. All rights reserved.
If you or someone you know has a gambling problem, visit either: National Council on Problem Gambling or Gamblers Anonymous International Service