Golden Riviera Casino Freeroll Tournament Promises €25,000 Prize Pool in November

Expansion control to be introduced

The latest reports from Macau inform of the government’s plans to slow down the industry’s expansion in the near future, along with a warning that the current high growth in the gambling market on the island will not continue indefinitely.

According to the Secretary for Economy and Finance, Francis Tam Pak Yuen, the government plans to control the level of expansion of the sector. He added that “in future we shall only see the industry increasing by a few percentage points every year” and warned that young people should think twice before joining the industry, because he believes its profitability will not go on forever.

The February financial results reported from Macau noted a 48 percent growth year-on-year and 33 percent over January 2011, mostly thanks to mainland Chinese visitors.…

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German Liberalization Inevitable, Claims Bwin Chief

But is it also imminent?

According to the CEO of the Austrian online gambling giant Bwin Interactive, Norbert Teufelberger, the German market is bound to open up and relax the current monopoly of the country’s sixteen states (provinces).

He stated this week that he anticipates a positive decision from the government by the end of the week, adding that in case of liberalization of the German market, his company, which is currently in the process of merging with another industry giant Party Gaming plc, is ready to pay taxes and apply for licensing in an open and competitive market.…

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