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Gambling news by gamblingpress.com



Here at Casino Party, one of our main goals is to provide you with all the latest updates about online casinos and what is going on out there regarding gambling. In order to keep you fully informed about gambling, we are providing you with up to date online casino gambling news. Below you will find great online casino news articles sure to check back right here on a regular basis for the latest online casino news.

Recent News Articles

April 2005


World's first online progressive jackpot millionaire - $1,594,649.21 - Won at Captain Cooks Casino

30th May 2002 - Online gaming history was made when the first online jackpot over a million dollars was won at Captain Cooks Casino. The lucky winner won a staggering US$1,594,649.21 in one single cash payment, while playing the casino's newest progressive slot, Major Millions.

Anthony P was impressed with the attention he received from staff at Captain Cooks Casino and with how quickly they paid winnings to his account. Anthony, who had not played for some time, deposited $100 and called the Captain Cooks staff who recommended he try Major Millions. Down to his very last $10 dollars after a long period of play, Anthony described how "suddenly the three reels of big beefy Major lined up and grinned down at him". His wife came running from the shower as they both called Captain Cooks Casino to confirm the win.

Anthony said "I was worried about how to help my aging parents and confused about the future as my previous business had to stop trading - Now I can do whatever I like"

Major Millions has been now reset, the jackpot is ticking its way up, waiting to be won again at Captain Cooks Casino.

Captain Cooks Casino has been in operation since 1999 and is an award-winning online casino recognized by Casino Player Magazine in seven of its "2001 Best Of" categories for Online Gaming including: "The Best Casino Software"; "The Best Online Casino Theme"; and "The Best Payout Program"

Captain Cooks Casino is a member of Jackpot Madness, the world's largest online progressive network. All the jackpots won on the casinos are cashed in through full, direct cash payouts - the only games on the Internet offering this benefit.

Visit Captain Cooks for a thrilling online casino experience.

Gambling overhaul 'will bring £5bn boost'

05 November 2003: Government plans to overhaul gambling legislation will create up to 117,000 new jobs, attract £5bn of inward investment and boost the public finances by as much as £3.1bn, according to a new report. The proposed changes, which include allowing larger casinos to install vast numbers of slot machines, are expected to trigger a rush of Las Vegas-style resort casino developments.
The independent study, by Pion Economics, a consultancy, was commissioned by the Cross Industry Group for Gaming Deregulation, which is made up of gambling and leisure companies. It compared existing UK gambling trends with countries such as the US where laws are more relaxed. The report has been submitted to the Treasury and the Department for Culture, Media and Sport, which is overseeing the deregulation process.
Only three per cent of British adults visit casinos, compared with 25 per cent in parts of the US. Assuming that liberalization of gambling laws would increase participation levels to 10 per cent, Pion was able to assess the impact of deregulation on the wider UK economy. The report estimated up to 117,000 jobs would be created by gambling deregulation. These new jobs would then bolster the public finances by £3.1bn through income taxes and national insurance contributions.
The report found deregulation would give the Treasury an additional £300m a year in gambling-related duty. This figure would rise to £500m a year when additional income from tourists attracted to Britain by its casinos was considered. However, the report acknowledged that not all the gambling spending would come from new sources, with 75 per cent of it expected to come from existing leisure activities. "On the basis of the limited UK evidence available, we assume that some of the expected growth in casino gambling will substitute for lotteries, machine and bingo gambling," the report said.
John Kelly, chairman of the CIGGD and chief executive of Gala, which operates casinos and bingo halls, said: "This report would have no credibility unless it was completely independent and it is completely independent." The report's authors, he said, had "come up with some pretty fundamental changes to the economic landscape". He added: "But when you think about how constrained this industry has been over the last 30 years it isn't really very surprising."


Jim Twomey, one of the authors, said: "Our findings assume rates of gambling participation among adults will rise to 10 per cent after deregulation. If they rise to more than 10 per cent clearly there would be additional economic impact." Gambling laws have remained largely unchanged since the 1960s when measures aimed at curtailing the influence of organized crime were introduced. But with the emergence of new technology such as internet betting, the government recently acknowledged that it was the right time to abolish some of the more outdated laws, such as those that insist gamblers have to become members of casinos at least 24 hours before they visit.
The "permitted test", which limits the number of casinos opening in certain locations, is also to be abolished when the deregulation process is complete. Mr Kelly said: "Removing these obstacles allows us to have a properly controlled, regulated industry. I think the numbers [in the report] will be very encouraging for the Treasury, for the industry, and for our customers." Gambling deregulation is currently going through "pre-legislative scrutiny" ahead of a possible bill. Although the bill will not be in the Queen's Speech this year, the changes are likely to become law by 2005.
Source: Financial Times







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