• Four Progressive Jackpot Wins For New Player At Yukon Gold

Donna joined Yukon Gold in July, and has been on a roll ever since. 3 weeks later Donna has won $120,592.31 in 4 separate jackpots on LotsaLoot progressive slot, setting a new record for hitting jackpots in such a small space of time. July 27 $67,498.61 August 4 $19,895.27 August 10 $26,028.08 August 15 $7,170.35 When we called up to congratulate her, Donna kindly answered the following questions for us: What do you think of Yukon Gold? Donna: Well I won there so I like it! I have played at a few other casinos online and never won that kind of money. Yukon Gold is the only one I will play at in future. What drew you to the Lotsaloot Slot over all the other slot games? Donna: I have played on all the progressives but I'm only lucky on Lotsaloot, it's my lucky slot but only at Yukon Gold. From time to time I will try the other slots like What a Hoot and a few others but I tend to go back to the progressives. How did you feel when you won the first Jackpot? Donna: It was the biggest jackpot I have ever won; I had never before won money like that anywhere. I was so taken aback and just thought Oh my God - Thank God! And how do you feel now you have won four jackpots? Donna: I am so surprised, I play about four times a week dependant on whether the Lotsaloot jackpot has just been hit or not. If I see that it has just started from the beginning I will usually leave it and come back later. Sometimes I even get up in the middle of the night to play! Will you be celebrating your winnings? Donna: I already have! I had a couple of vodka cranberries, and thought about what I was going to do with the money. I am going to pay off some bills, bank some and just feel good about having money and not being in debt. Will you continue to play at Yukon Gold? Donna: Definitely! I was back playing earlier today! Donna won at Yukon Gold Casino.

> Read the full story here Source : YukonGold.com

• iGGBA Speaks With Commission Officials

In light of the recently proposed third Money Laundering Directive by the European Commission as well as the indication by the Dutch Council Presidency to give priority to the proposal and to start discussing technical aspects immediately, iGGBA met with Commission officials to discuss possible implications of this Directive for the Remote Gambling Industry. The proposal is seen as an update to the existing 1st and 2nd anti-money laundering Directives and aims to extend the requirement on Know Your Customer (KYC) to identification and verification of such identification. If accepted in its current form, it would capture among others providers of services to companies as well as all persons dealing in goods or providing services for cash payment of €15,000 or more. [...]

> Read the full story here Source : ATEOnline.co.uk

• E-Gambling's Long Road

The Internet gambling debate continues to percolate in Nevada as entrepreneurs press regulators to open the state to a form of betting that continues to expand aggressively in its illegal form nationwide. But regulators say they aren't yet moved by arguments that new technology can assure that bettors are of age and are located in states where gambling is legal. The debate has resurfaced in recent months as regulators work on rules that would allow gamblers in Nevada and other states to deposit money in Internet-based accounts to bet on horse and dog races from their home computers. The rules on so-called "account wagering" would expand on services that already allow Nevada residents to bet on sporting events from home. [...]

> Read the full story here Source : InBusinessLasVegas.com

• Gambling For Groceries Idea May Actually Become A Reality

Yet another state has authorized a modified form of casino gambling. The Pennsylvania legislature has approved slot parlors. Some of the facilities will be associated with race tracks. Others will be self-contained establishments. Details have yet to be finalized. but at the moment, there's no telling whether Pennsylvania punting will be an elegant upscale entertainment experience, a down-and-dirty shot at the lifestyle of the rich if not famous, or an amalgam blending the best or worst of each. The lawmakers could care less. They merely want funds to funnel into the state coffers. In their haste to hop the gambling gravy train, the politicians ignored a brilliant proposal by CASHCOW (the Committee to Augment Shoppers' Happiness by Compensating for Overextended Wallets). The plan was to link slot machines to cash registers at food market checkout aisles. When purchases are tallied, patrons get the opportunity to let fate pay the freight. CASHCOW's Gambling for Groceries games could be configured in either of two modes. In one suggested approach, the state would set an edge based on the expenditures covered - the payoff - and also the likelihood of a customer scoring. It would be like betting the sales tax to win a shopping spree. The actual fee for the try would vary but the computer in the cash register would figure out the amount, as it now calculates tax. If you chose to bet, the cashier would ring it up, thereby activating the slot machine for you. Winning, you'd be home free. Losing, the bet would be added to your tab. Assume the state wanted to earn six percent of the bill on the average. If your purchases came to $100, and the probability of winning was set at one out of 100, the gamble would cost you $7.00. The bet would be less if the prospects of winning were lower. For instance, $6.20 on a $100 tab for a chance of one out of 500, and $6.10 for one out of 1,000. The bet would also rise or fall in proportion to the size of the purchase to be settled. CASHCOW's second method involves a standard bet, such as a dollar, of which the state earns a fixed portion. Solid citizens could feed their wagers directly into the slot machines. With groceries priced as they are these days, an extra buck would hardly be noticed. The theory is therefore that almost everyone would go for it, hoping to cover the whole tariff with chump change. Buyers could make multiple tries, since many would consider a few shots, at a buck each, worthwhile for a big enough bill. With this system, a fixed wager yielding different returns depending on the cost of purchases, odds of winning would be adjusted on the fly by the computer chip inside the device. Here's an example. Say the state looked for an average of $0.50 on every dollar bet. For groceries worth $100, the chance of winning would be one out of 200. Half as big a bill, $50, doubles patrons' chances to one out of 100. Any casino boss would advise the Pennsylvania people to pick the second option, and tell them to aim for more than $0.50 on the dollar. They know that few slot aficionados think about the chance of winning or the house's share as long as the bet is small. So takers won't be deterred if the state charges a buck and sets the machines to keep an average of $0.90 on the dollar bet. At this level the game would give shoppers one chance out of 1,000 to cover a $100 purchase, and one out of 2,000 if they had $200 worth of goods in their carts. A buck to be a pull away from erasing a $200 charge? Who wouldn't go for that? It's precisely as the prescient poet, Sumner A Ingmark, pithily predicted: What ancients did by casting lots, We'll do some day by playing slots. © Alan Krigman

> Read the full story here Source : PressOfAtlanticCity.com

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