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Best US Online Casinos for 2017

Below you will see our weekly online casino news updates for the Best US Online Casinos for players from the USA. Whether you are an avid online casino player, or just a newbie looking for an interesting read, down below you will find all the information you need to know or would like to know about the world of USA online casinos for American players. As they say “what goes up, must come down” and such is the case with Casino Coins Properties. Casino Coins is the parent company behind many popular US online casinos such as the Slots Galore Casino, Caribbean Gold Casino, VIP Slots Casino, Super Slots Casino, and Millionaire Casino which all previously accepted players from the USA. As of today none of the above online casinos are accepting players from the United States. If you had an account already with any of the aforementioned online casinos and you are living in the USA then you can still play in your account but you cannot create another account and you cannot recommend that casino to any new US players. This news did not hit our US online casinos community that hard considering that none of the above online casinos have even made it into our top 10 list of the best US Online Casinos which is based on the best casino ratings, payout percentages, online casino bonuses and US online casino player feedback. So if you are an US online casino player you need not fret as there are still a lot of great top US online casinos to choose from!

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July 19, 2017 by : Posted in 2016, 2017 No Comments

16 Officials Involved in Gambling Activities in China were Convicted to Prison

Mainland China has been devoid of casino games for quite some time, but the events that unfolded on June 26, 2017, have given rise to speculation that there are still illegal gambling activities being conducted in the region. The Chinese law states that any casino games marketing or gambling activity conducted in Mainland China, that involves a group of more than 10 people, will be immediately shut down, and the perpetrators will be sentenced to prison.

On the mediocre Monday morning of the 26th of this month, a Chinese court sentenced 16 employees of an Australian based casino, Crown Resorts Limited, to prison. The sentence ranged between nine to eleven months for those who pleaded guilty. Three out of the 16 people charged were Australian citizens, sent to China as envoys of the prestigious gambling firm. There was also the vice president in China of Crown Resorts who was sentenced to prison, along with Jason O’Connor, head of their international VIP ventures.

China Gambling Conviction

The gambling company’s spokesperson said that Crown Resorts still remains respectful of the laws of Mainland China, but refused to comment anything further on the topic. The fines of the 16 condemned employees went in excess of 8 million Yuan, which Crown Resorts has pledged to shell out. O’Connor, Pan, and Xuan, the primary perpetrators from Australia were fined close to 3 million Yuan together. O’Connor was even deported from the country.

These sinful 16 were arrested in October 2016, and had since been in detention. The court confirmed that the detention period will be counted in the overall sentence. Crown Resorts had pulled out all their international resources since the unfortunate arrests to concentrate on expanding their empire in Australia itself. They even sold their stakes in Macau, where gambling is legal, for a whopping $987 million. This incident has been enlightening in several ways for those foreign entities looking to expand their gambling business in China.

July 17, 2017 by : Posted in news No Comments

New York Mafia Members Busted on US Online Gambling Charges

The result of a US federal investigation called “Operation Shark Bait” has led to federal investigators arresting members of NY based organized crime family.

Experts say that “Operation Shark Bait” is a long running operation that is designed to arrest those who are unlawfully conducting online gambling businesses in the USA.

Back in December 2016, local news sources have reported that members of the Genovese family were arrested for operating the website 4spades.org. On this site, patrons would login with their username and password and place sports bets.

The website itself didn’t accept money because patrons would settle up with the websites agents face to face.

The operators of the website were linked to a Costa Rica wire room; investigators say that millions of dollars in wagers went through this wire room. Sports betting industry analysts call this model the “Price per head” sports betting model.

New York Mafia Members Busted on US Gambling Charges

Agents must go out and recruit people who will make bets on these websites and interact with the agent in real life. Other price per head sports betting websites have been linked to the Genovese family. Federal investigators say that BetEagle.com was also run by the same family.

“These defendants allegedly went to great lengths to trap their victims with exorbitant rates, all while evading our gambling laws and taking offshore bets,” New York State Attorney General Eric Schneiderman said in a press conference.

“No matter how complex or clever the scheme, we will continue to work with our law enforcement partners to take down traditional organized crime,” Schneiderman added.

Online gambling advocacy groups have used this event to call for legal and regulated online sports betting nationwide in the USA.

March 30, 2017 by : Posted in 2017 No Comments

Examining the Recent Changes in Gambling in the Asia Pacific Region

In the past year, both brick and mortar gaming and online gambling websites have experienced a series of setbacks in terms of expanding the industry. Here is a quick rundown of the changes of gaming industry trends in the Asia Pacific region.

* One of the biggest crackdowns on digital gaming comes from the land down under, better known as Australia. According to iGamingBusiness.com, new legislation is on the table that would effectively ban many online gambling operators such as PokerStars and more.

* A report by TheStreet.com mentions that Macau is losing gambling revenue. TheStreet goes on to say that Macau could rebound in 2017, however locals say that casino foot traffic seems to be on the decline. Will Macau continue to be the gambling mecca of the Far East?

* The new Philippine government, led by President Rodrigo Duterte, briefly shutdown the county’s premier online gaming regulator PAGCOR. The regulator is operational again and they have begun issuing licenses to overseas operators. Residents of the Philippines are not able to gamble online due to local laws.

Examining the Recent Changes in Gambling in the Asia Pacific Region

Was 2016 just a down year for the gaming industry in the Asia Pacific region? Think about the UIGEA of 2006 in the USA and how it impacted online casinos.

Although legislation was in place, people were able to find ways to gamble online. With the recent introduction of Bitcoin casinos, patrons will be able to gamble anonymously and collect their winnings by simply converting BTC to their local currency.

2017 could be the year of the Bitcoin casino.

March 29, 2017 by : Posted in 2017 No Comments

Could Online Gambling Become Legal in USA Under Trump?

With the recent election of Donald Trump as President of the United States, there is widespread speculation in the gaming industry that Trump could potentially prioritize online gambling at the national level.

There are several factors that could sway the national legalization of online gambling in the United States. Let’s look at a few of these factors.
Could Online Gambling Become Legal in USA Under Trump?

Donald Trump is close with Chris Christie

A few years ago, the state of New Jersey became one of the first states to legalize online gambling and provide licenses to online casinos operating in the state. This could bode well for those who want online gambling to be legalized nationwide. A report written by USPoker.com speculates that a Trump company may own a share of a company that possesses a license to perform online gambling in New Jersey.

Sheldon Adelson Continues to Donate to Republicans

One of the biggest proponents against online gambling is Sheldon Adelson. Although legalized online gambling exists at the state level in Nevada, Adelsen has fiercely opposed the expansion of online gambling nationwide. His large contributions to Republicans may persuade congress to suggest that this is a states issue.

Could a Framework for Legal and Regulated USA Gambling Happen During the Trump Presidency?

Being in favor of gambling while serving as a politician is usually a negative that opponents will use against you as an attack. However, the USA now has a President that has owned brick and mortar casinos properties in the past.

If online gambling has a chance to have a voice at the national level, Trump may be the best shot that Americans have in terms of having an advocate for the gambling industry in the White House. After all, Trump talks about bringing businesses back to the United States, shouldn’t online gaming fall under that umbrella as well?

January 16, 2017 by : Posted in 2017 No Comments

IRS Access to Records of CoinBase Users

One of the largest bitcoin exchanges in the world is CoinBase. The company is based in California and the platform handles billions of dollars in Bitcoin transactions.

The IRS recently won a ruling that allows them to gain the identities of CoinBase users from 2013 to 2015. From there, the IRS will be investigating how some users may have abused the CoinBase service in order to conceal transactions from their books.

Although laws in place that make it extremely difficult for you to do business with offshore gambling websites in the USA, you are still obligated to pay taxes on any income that is derived from online gambling websites.

Some online gamblers will move money through Coinbase as a method exchanging Bitcoins for USD. If you have used Coinbase, you should be alerted that the IRS could have information about your transactions.

IRS Access to Records of CoinBase Users

The story of Coinbase having to turn over its records has even hit mainstream media outlets. Forbes recently wrote that:

“The IRS’s efforts have been wildly successful, and offshore account collections top $10 billion now. The IRS is likely eyeing digital currencies as a similar treasure trove of unpaid taxes.”

Forbes goes on to say that Bitcoin tax-dodgers could be brought to justice. If you have mistakenly left income off of your tax returns, experts say that you should file an amendment in order to properly report any earnings through Bitcoin.

January 9, 2017 by : Posted in 2017 No Comments

Is the Philippines Instituting a Crackdown on Online Gaming?

Most industry analysts see Southeast Asia as a booming sector for online gaming. Reports from Reuters suggest that recently elected Rodrigo Duterte has begun focusing on crackdowns all across the board. Among the crackdowns, Duterte has indicated that the online gaming industry in the Philippines would be one on the radar of the government.

Inside the Philippines, PhilWeb was recently stripped of its online gaming licenses, leaving it unable to operate in the country. The country quickly backtracked that decision, as Leonard Postrado confirms that PhilWeb has received clearance to continue operating in the country.

Is the Philippines Instituing a Crackdown on Online Gaming?

Postrado goes on to write in another article that 1,300 Chinese Nationals were recently deported for running a massive call center for a casino in Philippines. The Calvin Ayre report goes on to say that many of the nationals were alleged to have been engaged in an illegal online gambling ring.

The Philippines is an important piece of the online gaming industry in Southeast Asia. If this industry is heavily regulated or forced out of existence, much of the technology and innovation that is happening there could face a setback. Online gaming industry regulation in the Philippines is a topic worth paying attention to over the next few years.

January 3, 2017 by : Posted in 2017 No Comments

Examining the Impact of Mobile Online Gaming

The concept of betting electronically is nothing new. In fact, the infamous Wire Act was passed in the 1960s to discourage the use of telephone lines when sports bettors realized that they could use the technology to make bets from anywhere.

As the landscape of digital online gaming continues to change, the industry must adapt to new regulations as well as new opportunities.

Did you know that the total mobile gaming market was worth $25B at the end of 2014? All analysts believe that this trend will continue to uptick, which will cause gaming technology companies to continue to innovate their offerings.

Examining The Impact Of Mobile Online Gaming

One of the biggest technologies on the horizon for mobile gaming is virtual reality (VR) headsets. VR provides online gambling patrons the ability to play casino games as if they were actually at a casino. Imaging playing an online poker tournament using a VR headset!

As technology and trends continue to emerge, new opportunities will present themselves in the arena of online gambling. You could argue that online gambling is one of main drivers in overall online gaming technology, since the creation of new online gambling software provides a real profit incentive for the publisher.

As a result, the next decade of innovation for the online gaming industry seems exciting and patrons seem more willing than ever to adopt the new technology.

December 27, 2016 by : Posted in 2016 No Comments

Sportsbooks Take Biggest Political Betting Loss Ever

Regardless of your political affiliation, the 2016 Election between Hillary Clinton and Donald Trump was a barnburner that kept everyone up into the middle of the night wondering which candidate would emerge victorious.

Online sportsbooks such as Bovada were giving Trump +350 betting odds to win the election. Clinton was the heavy betting favorite at –500. In political elections, usually the sportsbooks are able to accurately pinpoint the winner based on the betting odds. At –500 in an election should be a virtual lock on the election.

Paddy Power’s sportsbook had already paid over $1M to early Clinton voters because they were so sure that she was going to get elected. Paddy Power went on to lose over $5.5M total on the US Elections alone.

Sportsbooks Take Biggest Political Betting Loss Ever

With Donald Trump becoming the 45th President of the United States at +350 betting odds, many sports betting enthusiasts have begun to wonder: How did the sportsbooks get this wrong?

All indications show that there was a large sum of early money bet on Hillary Clinton. That would have likely increased Trump bettings odds, and lowered Clintons payout odds. During the last week of betting, it was reported that 91% of all late money bets were for Trump. Many sportsbooks flucated on Trump going from 2/1 betting odds to 4/1 betting odds.

The year 2016 will go down as the worst year ever for the sportsbooks who have hosted wagers on political races. Combined with the losses incurred by the Brexit vote, international online sportsbooks will need to refine their methods of handicapping political races unless they just enjoy giving their customers free money during the political season.

December 3, 2016 by : Posted in 2016 No Comments

Merger Between Amaya and William Hill Fails to Materialize

Amaya, the parent company of PokerStars, recently solicited talks with William Hill to potentially merge their player pools to create one of the largest online gambling websites in the world.

William Hill has become one of the online gambling industry’s most recognizable names. Currently, William Hill’s main product offering is online sports betting. Amaya’s main online gambling asset is its PokerStars software.

Amaya purchased PokerStars several years ago, and since the purchase, the PokerStars software has slowly changed into a full fledged online casino platform that prominently promotes poker games. Amaya believed that its PokerStars user base would begin gambling on its other platforms, therefore generating additional revenues for the parent company Amaya.

Merger Between Amaya and William Hill Fails to Materialize

Unfortunately, that hasn’t happened and some industry analysts feel as if Amaya has cannibalized some of its user base with the introduction of table games, online casino games and sports betting within the PokerStars client. Amaya also faced regulatory issues, given the fact that not all of their products are compliant with local laws.

It’s being reported that William Hill quickly turned down the notion of a merger between the two online gambling organizations.

Bloomberg reports that the merger would have been a difficult transaction, given the fact that William Hill does not have a permanent CEO in place.

While both William Hill and PokerStars primarily serve overseas gamblers, both company have begun making headway into the regulated markets within the United States. For example, if you walk down the strip in Las Vegas, you will certainly see signs promoting sports betting parlors that are managed by William Hill. In New Jersey, Amaya has recently acquired a license for its PokerStars software to be operated by online poker players all across the state.

November 15, 2016 by : Posted in 2016 No Comments