Archive for October, 2014

New Jersey to Regulate Skill Based Games

Tuesday, October 28th, 2014

In a move to boost online casino revenue, the NJ Division of Gaming Enforcement (DGE) is now taking applications from casino operators seeking skill-based provisions. This new decision comes even with less regulative standards (relatively speaking), while the processing of applications is to be done faster in order to meet the needs that the DGE is conveying in order to get the ball rolling. New Jersey regulators and operators alike have sought ways to integrate new advancements in gaming technology into the regulated market.

The massive popularity of online skill-based casino games calls for demand. Meeting this demand, the DGE is clearly willing to get in on the action more sooner than later. Skill-based casino games – wherein players are able to be engaged and socialize with one another – have become very popular. And it’s the software companies that should be thanked for the new technology-oriented generation of online gambling fans who are looking to wager more because the games are the most realistic they’ve ever been.

The new announcement coming from the DGE is of particular interest in the fact New Jersey regulators will be better prepared to process new skill based gambling online applications, thus ensuring operators faster results when seeking a license of this kind.

Currently in New Jersey, skill games fall under a New Jersey statute – that if approved – would permit casinos to launch their new platform games within two weeks. This is an impressive detail and one of great interest to entice current online casinos in the state to provide games with better odds. This speed of approval will make the state of New Jersey the absolute fastest processing of its kind in the US to market online gaming platforms of skill.

In essence, this new development is a ringing dinner bell for all online casinos to come forward with new skill based offerings for players, knowing the state will eagerly work with them.

While this is a great way to increase internet gambling revenue in New Jersey (perhaps a way to boost lagging income from less than impressive results in the nearly one year since gambling online became regulated in New Jersey), this type of enticement and speedy licensure for skill based games will be met with some resistance, as online casinos are typically more in favor of launching games with less favorable odds. However, new technology making skill based games very attractive to consumers demands results. The timing here is good.

Non real money wagering games are also part of the reason as to why casino games of skill with real money have become so popular. The social component of skill based games that are not being wagered with real money (yet), like Candy Crush and Words With Friends, is very helpful to the rise of online casinos providing more skill based. New Jersey seems to be responding to the trend of skill based popularity quickly. Other markets in the US should, too.

Applications are now being accepted. As such, games of skill could be launching at various New Jersey online casinos by early November.

Club USA Halloween Events and Codes

Tuesday, October 21st, 2014

Club World CasinosWeekend Slots Action

This weekend, Club USA Casino is hosting a generous 69% Deposit Match style slots promotion from Thursday, October 23 through Sunday, October 26. This unlimited slots only bonus will activate using online casino bonus code: RPLS69SLOTS

If you are reading this after the fact, there are slots and all game promotions taking place at Club USA every day of the week. In fact, right after this event ends, there’s another new slots event the following day.

As with any online casino promotion, this one has stipulations. The deposit match is for slots play only, so if you plan on playing other types of casino games, this is not the promotion for you. As with all bonuses, this one has a wagering requirement (25x) before a cash out from any winnings is allowed. Highly active players should be pleased to know the bonus code can be used an unlimited amount of times during this event.

Halloween Themed Promotion

Who needs candy and a costume when there are two promotions taking place during the week leading up to Halloween? We won’t bother you with all the puns and silly, scary names, but starting Monday, October 27 through Wednesday, October 29, Club USA casino players will have access to two different promotions.

Promo 1: There’s a 1x Deposit $50 Play With $100 For All Games promotion taking place. This is great for those wishing to play slots and/or other casino games at Club USA Casino. At the casino cashier, simply enter casino bonus code: RFLA50TREAT1 for use.

Promo 2: There’s a 3x 66% Deposit Match Slots Bonus taking place. Simply enter casino bonus code: RPLS66TREAT2 at the cashier when depositing.

These two promotions have separate requirements as follows:

The 1x Deposit $50 Play With $100 For All Games promotion comes with a few stipulations. The deposit and the bonus has a pre-set wagering requirement of $2,500 before a cash out is allowed on any winnings. This coupon code will permit players to take part in all casino games at Club USA Casino, but each game comes with a different contribution percentage towards meeting the wagering requirement. If you have questions as to what the specific percentages are, a chart is available in the Terms and Conditions section online. This particular promotional code will be valid only one time during the promotional period.

The 3x 66% Deposit Match Slots Bonus also comes with typical online gambling promotional stipulations. A wagering requirement of 25x is required before any cash out is allowed from winnings. This promotion is only valid for slot game play, however, the bonus code can be used an unlimited number of times during the promotional period.

Additionally, Club USA has a variety of other bonuses for new players and continually hosts slots tournaments and other player rewards. Simply visit this casino’s promotions section and the OCS blog for the latest information.

Betfair Gets Six Month Extension in NJ

Friday, October 10th, 2014

New Jersey online gambling regulators have share some developments that will keep Betfair in the fold for at least another six months. Together, Betfair and Caesars Entertainment have reached a deal that will keep the online casino software company running in the Garden State for another half year or more. The deal has already been accepted by the New Jersey Department of Gaming Enforcement.

Just under a month ago, when Trump Plaza – Betfair’s brick ’n mortar partner for online casino wagering, closed up in Atlantic City – it was largely thought that Betfair would set up shop through another Trump property in Atlantic City – the Trump Taj Mahal. After all, both properties are owned by the Trump Entertainment Resorts. Betfair even had backend facilities for online wagering set up at the Taj Mahal.

Not so fast was the case, as Trump Entertainment resorts itself went under last month. Alas, Betfair has had its eye on the ball ever since learning of potential bankruptcies with the Trump casino brand. Within a few days of that news, Betfair was dealing with Caesars.

Because licensed software providers are required to work with one of Atlantic City’s land based casinos to legally operate online sites taking real money wagers in New Jersey and because so many casino properties in Atlantic City are already online with software brands, the need to find a new home could have been a bit dicey for Betfair.

The Department of Gaming Enforcement permitted Betfair to keep a license to operate for a short period of time while seeking out a new partnership. The new deal with Caesars will give Betfair some time to work out a longterm plan for its future in the largest online casino market the US currently has to offer.

The approved extension allows Betfair to run online from Bally’s Atlantic City, which is a well known Caesars sub-brand.

Betfair is based in the UK and is a long standing, yet somewhat beleaguered brand (as of late). The UK holds one of the most highly regulated and largest online gambling markets in the world. Interestingly enough, Betfair has had its share of battles regarding revenue generation in the steady but not entirely growing New Jersey market. A partnership with an aging Trump casino brand was probably not the best situation for the brand.

This could all change if Caesars takes the brand to its consumers with a fresh, new marketing strategy. After all, Caesars online casinos are the most successful thus far in New Jersey. BetfairCasino.com brought in a mere 7% of the overall New Jersey online gambling revenue just two months ago in August, which lands at a few thousand dollars over $700,000. It’s safe to say that the online gambling industry in NJ did not save the Trump properties in its last ditch chance to stay afloat.

Betfair’s Ultimate Gaming withdrew from New Jersey previously after the fledgling Trump brand had little ability to promote it in the manner that other operators were marketing their casinos online.

Another thing to consider is Betfair’s online poker site, which is another struggling site that even uses competing software – Ongame – with Caesars own poker room. Caesars powers its more successful WSOP.com poker room using 888 software.

Will Caesars move forward with two rooms using two different software platforms? That’s anyone’s guess, as the industry waits to see how the Caesars brand actually serves it to the market, perhaps in another, more successful way.

Online Application Still Down for UK Tax Regime

Wednesday, October 1st, 2014

In the latest development with the impending, controversial taxation about to hit the UK online gambling industry, operators are now left wondering if regulators are waiting until the last minute to take their applications online. With little over two months to go until the new taxation policy is to go in effect, the online website for registration is not even operational yet. And many folks are now wondering if there is more to this delay than bad planning.

As it currently stands, internet-based casino operators will be required to start paying a stiff new taxation of 15% to HM Revenue and Customs (HMRC) on wagering, casino gaming and any remote gaming activities carried out by players/bettors who live in the UK, regardless of where those operators are based in the world. This is a major upset to operators based outside of the UK, who have not been required to pay any gambling taxes in the UK thus far.

HMRC has stated that casino operators already registered for taxation within in the UK will be auto-enrolled for the new 15% point of consumption taxation. For those operators looking to come aboard, transfer, or inquiry, HMRC said it would be contacting those businesses to get their details integrated into the new taxation scheme.

What is compelling right now is that online casino operators based outside of the United Kingdom and not currently registered for UK tax have indeed registered for the new taxation plan with HMRC. Leading up to the deadline, HMRC has stated that operators who are subject to the new tax regime but do not complete proper registration, face steep and potentially unlimited fines or the loss of their license altogether and will not be able to accept wagers from UK residents. But with the online registration not yet ready with less than two months (and one month for application) left until the deadline to apply, many are left wondering what gives.

The UK’s new point of consumption taxation is being met with great resistance in Gibraltar, where a formal complaint has been filed, sighting unlawful taxation under EU rules. Subsequently, several well-known online casino operators from the UK have threatened to pull up stake and remove their operations from the UK market if they are forced to pay the higher tax rate.

The point of consumption tax was created with a new regulatory and licensing framework for remote gambling in the UK. However, it is a separate tax.

Interestingly, even with the online registration site not yet underway, HMRC has stated that any applications need be submitted and/or completed more than one month before the deadline of December 1st for applicants outside of the UK, and more than two weeks before the deadline for those operators located inside the UK, EU, as well as various outlying UK territories, such as Alderney and Guernsey, Gibraltar, the Isle of Man.

There is quite some skepticism surrounding the online process availability with the respective deadlines swiftly approaching. In August, HMRC said that online registration would be available in early autumn. In its latest update since that time, HMRC the system will open “soon”, and that further instructions will be available at that time.

Nothing wrong with waiting until the last minute we suppose. We’ll just have to wait and see.