Let your mouth speak archive

First up, a little background. The original Bitcoin was launched by secretive and elusive computer programmer, Satoshi Nakamoto in 2008. Since then it has set about trying to establish itself as one of the most popular online payment methods with its uniqueness stemming from being the first decentralised asset-backed e-coin to go to market. In a nutshell, Bitcoin is a virtual currency, making it different from e-wallets and bank cards who merely transfer your funds.

Bitcoin money has no place in the real world, no offline worth and no central bank. Its unique appeal has led Bitcoin to commanding an army, some of 100,000 people deep and based all over the world, trading in thousands of dollars every day, including the USA where its decentralised format allows it by-pass US federal banking laws. To that end, a Miami judge recently ruled that Bitcoin cannot actually be counted as real money. In a 2016 money laundering case, Judge Teresa Mary Pooler, based in Florida, ruled that Bitcoin was not backed by any government or bank, and as such cannot be considered “tangible wealth” and “cannot be hidden under a mattress like cash and gold bars.” But, surely that is the very point of it, currency for the web.

Bitcoin experts now believe that the ruling will give the virtual currency a much needed boost as well as gifting other international governments an opportunity to understand and regulate it properly. This, despite one of the largest Bitcoin traders on the web being the victim of a $70m hack attack in early August. The hack did cause the price of Bitcoin to drop about 20%, but investors and insiders believe that the currency will indeed recover and that it remains a worthy system for performing online transactions.

People considering Bitcoin can put their minds at ease. So secure can Bitcoin be considered, that there is significantly less risk employed with the e-coins than there is with credit and debit card based electronic payments systems. Credit card fraud has hit an all-time high across the world in 2015, and while Bitcoin is certainly far from risk free, there is a growing belief that Bitcoin leads the way in terms of online security. In order to access a customer’s bitcoin wallet, the hacker would need to physically access the device before correctly entering the PIN number or have prior knowledge of the wallet’s private key, which, just as with the key and PIN, can be changed at any time.

One of the best ways to secure your safety online is to keep yourself as hidden as possible. True to form, Bitcoin allows its users a level of anonymity as well as offering a way around the submission of ID’s, utility bills and other personal information. With identity theft a growing online threat, this can help to relieve some of the stresses of potential fraud by opening up a whole new, totally safe and secure way of shopping and gambling online. Payments are sent to other users and are done without any actual personal information or online ids changing hands. In doing this, players are unable to see who they are trading with or the country they are residing in.

Bitcoin is still relatively new but some good e-stores and online casinos already offer Bitcoin as a payment option. For those that do, Bitcoin has become an extremely popular option due to crypto-currency, a payment processor for currency where coins are bought and sent over the web, eliminating the need to use a bank. With online casinos employing relatively low fees, users that don’t want to use the more conventional methods such as Paypal or Skrill have another option if they are hoping to avoid Mastercard and Visa’s often much heftier fees. It is also a pleasingly instant option. In all, it would be a surprise if Bitcoin was unsuccessful with regards to online gambling where it resolves a lot of problems. It gives players the opportunity to gamble completely anonymously, while allowing for limitless deposits and fast and secure withdrawals.

As we stand, not all of your favourite casinos and online poker rooms are accepting Bitcoin for deposits but this could be little more than websites merely hedging their bets. It is unlikely to be very long before Bitcoin is a common form of casino payment as, when it comes to online gambling. So while Bitcoin continues to be one of the most secure options out there, the current transaction processing capacity and slow rate of early adopters has thus far prevented it from becoming a mainstream payments option. But watch this space, a system this useful won’t be stalling for long.



Published by: Gola Yashu

Transparency Market Research Added A New Report "Online Gambling and Betting Market" And Its Full Database.

This press release was orginally distributed by SBWire

Albany, NY -- (SBWIRE) -- 08/22/2016 -- Since thousands of years, people have been betting on the outcomes of various games and events. This activity is carried at the places such as casinos, game parlors, bookmakers and currently online gambling. The online gaming market is one of the fastest growing segments of the gambling industry.

The market has witness online gaming business progressively moving globally, shifting the form of the gambling industry with many consumers adapting the Internet to gamble on slots, bet on sports or play cards. The roll-out of broadband services along with the rapid expansion of smartphone and tablet is one of the factors contributing to the growth of this market. Additionally, increased consumer confidence in effective and low-cost payment mechanisms; significant investment by the online gaming industry to promote its services is also further driving the market growth.

The Online Gambling And Betting Market is classified as sports betting, online poker, casino games including games such as slot machines, online bingo, and online lottery. Though, casinos and land-based lottery dominate the gambling landscape, online real-money betting and gambling are growing rapidly across the world.

This industry has witnessed varied regulatory landscape on online gambling and betting. Most of the Western European countries have laws in place to channelize online gambling and betting. Asian and North American countries' major online real-money games are still awaiting progress in gambling and betting regulation. In the U.S. online gambling is legal only in three states whereas Asian countries allow gambling and betting only in casino resorts. Increasing demand of online betting and gambling is forcing governments to act to regulate.

Some of the key trends in online gambling and betting industry include social and mobile gambling. Increasing number of users for mobile gambling has propelled the growth of online gambling and betting market. Social gambling, developed from the aspiration of game developers to monetize gaming on social networks is a key trend followed by the market players. Moreover, the growing acceptance of the digital currency Bitcoin is another trend in online gambling, boosting the growth of the market.

U.S. States including New Jersey, Nevada and Delaware have allowed online gambling on their territories, with more states expected to follow in near future. In November 2013, New Jersey, the largest of the three, observed legalization of online casinos and generated almost USD 1 million during the first week of operations. The valued amount is analyzed to reach USD 10 million per month in 2014, with almost millions of users getting registered. Brazilian gamblers extensively use offshore sports betting and gambling websites. This market has observed substantial growth in 2014 owing to the FIFA World Cup in Brazil. In Argentina and Mexico, online gambling is permitted only under special license. Argentina has the largest number of registered online gambling and betting websites in Latin America. With the legalization of online gambling in several U.S. states, Mexican casinos are expected to partner with them to boost the market.

New measures are being enacted in Europe owing to wide spreads online gambling activities. UK has started to tax online gambling based on the consumers\' place of residence, to be effective from December 2014. This was initiated to conflict the loss of taxes on betting and gambling due to its gamblers shifting to offshore websites.

Asia-Pacific region is expected to witness one of the fastest growths in gambling and betting market. The growth is mainly driven by Australia that leads the world in terms of per person gambling, online sports betting. Japan has a legal online betting site with national lottery operator. In Kenya, the first regulated online gambling website was launched in 2013.

Browse The Market Research Report of Online Gambling and Betting Market : Online Gambling and Betting Market Global Industry Analysis,Growth,Trends and Forecast 2020

The market is expected to observe industry consolidation with mergers and acquisition in near future. For instance, Amaya Gaming Group Inc. acquired Rational Group in June 2014, a company that owns the popular Full Tilt Poker and PokerStars online sites. Some of the leading companies in the market include 888 Holdings, Betfair Group, Bwin Party, Ladbrokes, Paddy Power, PokerStars, and William Hill Online among others.

About Transparency Market Research
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

For more information on this press release visit: Online Gambling and Betting Market Global Industry Analysis,Growth,Trends and Forecast 2020

Read more: [url=www-digitaljournal-com/pr/3047076#ixzz4I9lfe46B]Online Gambling and Betting Market - Global Industry Analys

It has been said that life is one big gamble. Sooner or later, a person has to make a very important decision in his life, and he must weigh his options carefully. His success depends on making the right decision. That’s a gamble because much of the future is uncertain, something like what happens at a gambling casino.

History reveals that gambling has destroyed families, careers, and even lives. Hard-earned money meant for food, clothing, the rent, medication, tuition and the like end up wagered and wasted in gambling games. Losses are often followed by violence, crime, deprivation, depression, and destruction of the moral and social fabric.

Institutionalized gambling is worse. In gambling casinos, the odds are always in favor of the house. The real winners are the owners and operators of the gambling establishments. That was, and remains true in Las Vegas, in Reno, and in Monaco—the celebrated gambling destinations of the world. In fact, gambling is the sole industry in those cities. Tourists go there precisely to gamble.

Privately-owned casinos proliferated in the Philippines in the 1960s, particularly in Manila and in Pasay City. When President Ferdinand Marcos placed the country under martial law in 1972, all casinos were closed down. Gambling was limited to the government-run “floating casino” on Manila Bay, but it was exclusive for tourists and the really affluent. Middle-class individuals were not allowed inside and, therefore, were not tempted to wager their hard-earned money at the probability tables.

After a fire ended the maritime casino, its activities were moved to a restricted area in Pasay City. The same prohibitions, however, remained in force.

At the height of the so-called “snap election” in early 1986, presidential candidate Corazon Aquino pledged to close down gambling casinos in the country. The closure move was urged by Salvador “Doy” Laurel, her vice presidential running mate.

When candidate Aquino became President Aquino, she reneged on her pledge and expanded casino operations instead. Institutionalized gambling soon became a reality in Metropolitan Manila and in urban areas like Olongapo City, Tagaytay City, and Cebu City. Under Mrs. Aquino, the Philippine Amusement and Gaming Corp. (Pagcor) became a lucrative revenue-raising agency of the government.

Asked why she reneged on her campaign pledge, Aquino answered that the 1986 Edsa Revolution erased all of her campaign promises. Good grief!

In the years that followed, Pagcor expanded its operations to include online gambling stations, which are Internet cafés exclusively for casino games, in almost all urban areas in the country.

Pagcor even went to the extent of staking exclusive domain over bingo activities all over the country. The old reliable college alumni and charity fund raising bingo socials were outlawed overnight.

Surprisingly, Pagcor does not use the word “gambling” when it refers to its operations. The euphemism “gaming” is used instead.

There is the crime of “illegal gambling,” which suggests the existence of “legal gambling.” If the gambling activity is done under the auspices of Pagcor, then it is legal gambling. When the same gambling activity is done by say, sidewalk low life, it’s illegal gambling. This distinction makes the national government the biggest gambling lord in the country.

If the gambling casinos are bad, the online gambling stations are worse. Online gambling stations are Internet cafes devoted to gambling games. Using software technology provided by PhilWeb Corp., a private company with a franchise from Pagcor, customers can choose from more than 300 casino games like blackjack, baccarat, poker, and slot machines. Naturally, the games are designed to favor the house.

These stations are obviously very profitable. If it were otherwise, they would have closed shop a long time ago.

Online gambling stations are attractive, and they are accessible to schools and residential communities. Since admission restrictions are hardly enforced in these stations, young people, students mostly, are easily enticed to gamble away their allowances there. Because gambling can be habit-forming, many students get addicted to gambling. Youngsters end up spending their waking hours at these stations, instead of at home or school.

Almost every urban area has an online gambling station. Collectively, these online gambling stations are called the e-games network.

President Duterte recently declared a crackdown on these online gambling stations because they undermine the welfare of the Filipino youth. He instructed Pagcor not to renew the PhilWeb license.

PhilWeb Corp. denies that it is directly involved in gambling activities, and claims that it only provides the software used by Pagcor in the online gambling stations. The company also claims that its software cannot be played from homes or offices.

If PhilWeb has nothing to do with the online gambling stations, PhilWeb must explain why it undertook the physical task of closing those stations. PhilWeb should also explain why the value of its capital stock soared when the operations of the e-gambling network were in high gear.

The mere fact that PhilWeb’s software cannot be played in homes and offices does not warrant the conclusion that the company is not involved in the operations of the online gambling stations.

PhilWeb alleges that the closure of the e-gambling network will displace some 5,000 employees, and deprive the government of P2.1 billion in annual taxes. Admittedly, that is an unpleasant scenario, but are those valid grounds to warrant the continued operations of the on-line gambling stations? Of course not. A morally and socially objectionable activity does not cease to be objectionable simply because it generates employment and pays plenty of tax money to the government.

Why is the crackdown on

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As time for the California online gambling law is slowly running out, tensions are growing stronger. With the latest amendments to the bill causing a lot of controversy and leading to threat of a lawsuit based on the Constitution, the fate of the bill remains uncertain.

In the midst of all the turmoil, The Sacramento Bee published an article in which they claim that regulated online gambling in California is a lost cause and that Assemblyman Adam Gray should know “when to fold a losing hand.”
Lack of evidence to back up revenue claims?

According to the editorial, Gray’s claims about potential revenues from California online gambling lack substantial evidence. Quoted tax numbers, claims The Sacramento Bee, are not based on anything tangible. Hence, the bill would only be favorable for online gambling operators and no one else.

The article focuses on different aspects of the proposed bill, like the reduced taxation rate (10% from the initially suggested 15%), and the $57 million fee intended to procure the go-ahead from race track owners who would lose their monopoly. One statement that keeps appearing in the article is:

Good for gambling industry, but not for taxpayers

Their general attitude seems to be that California online gambling would provide no benefit to the state and would actually harm the residents while filling pockets of the providers. This line of thought echoes ideas of Sheldon Adelson, a billionaire who made his fortune in the gambling sector, who keeps insisting that online gambling is extremely dangerous and harmful.


Who is against California online gambling?

With the legislative session set to end on August 31, there are just a few days left for representatives to vote on the latest proposal for the California online gambling bill. The bill has been through a number of changes trying to meet different stakeholders halfway. The latest version has finally come close.

However…

Amaya, i.e. PokerStars, and several tribes have announced their intention to start a lawsuit if the bill is passed in its current form. To remind you, this latest iteration includes a provision which would prevent “bad actors” from entering the California market for at least five years.

It seems that no matter what kind of amendments Gray and his team introduce to the bill, there will always be unsatisfied parties. While political games are going on at a higher level, it is regular Californians who are cut off from one of their favorite pastimes.
Regulation benefits

This recent editorial only demonstrates that there will always be those who see online gambling as one of the most sinister activities on the face of earth. One must wonder if the ideas echoed in certain media stem from the genuine concern or if there is a different agenda at work.

The claim that it is hard to see benefits that would come from the California online gambling law is simply too shallow for anyone to accept it as genuine. While Gray’s numbers may not be right on the mark, it is quite clear that the state would reap substantial amount through taxes.



Furthermore, regulation would bring order to currently very chaotic situation, especially with regards to online poker. Those currently playing on unregulated sites are at constant risk of losing their money and have to deal with other issues which would disappear with the regulation.

Hence, saying that Californians would not profit from the gambling regulation is either a very short-sighted or simply not very honest opinion.





California Online Gambling Law: Good for the Industry, Bad for Cali?

A friendly calendar and record-setting performances from both the Borgata and online gambling helped propel Atlantic City revenue to its highest point in nearly two years.

Borgata, one of the sole shining stars in a casino landscape plagued by turmoil, generated a jaw-dropping $84.8 million for the month July. Of this amount, $80.8 million was accounted for by land-based revenue, with online gambling revenue contributing approximately $4 million.

It was the casino’s single biggest monthly take in its impressive 13-year run.

Almost predictably, NJ online gambling also set a revenue record in July, thus marking the eighth month in nine tries that it has set new a benchmark. The industry’s 17 casino and poker sites generated a total of $17.37 million in gross gaming revenue.

And while these figures, as well as Atlantic City’s total July revenue of $275.3 million, were undoubtedly inflated by the presence of a rare fifth weekend, it’s starting to look more and more like the struggling city is slowly turning the corner.


Read more:Borgata And Online Gambling Headline Strong July For Atlantic City