Dominican Republic to legalize online poker
SANTO DOMINGO, Dominican Republic — Two significant developments recently will undoubtedly bring joy to online and land based poker players. Although geographically worlds apart, the Caribbean island paradise of the Dominican Republic and the US state of New Jersey are both grappling with legislation and licensing pertaining to the game of poker.
If lawmakers have their way, casinos will be properly regulated in the Dominican Republic for the first time, providing a boon, not only for the lucrative tourism market but the tax coffers too. Notwithstanding an active gambling sector billed by more than 60 land-based casinos, the industry has largely operated in an unregulated environment, thereby opening the door to predatory rogue operators.
In addition, the new bill proposes legalizing online gambling, with the hope that the sun-kissed island will become a major destination for international iGaming operators. Millions of dollars in the form of tax revenue pours into Malta, Curacao, Gibraltar and the Isle of Man each year, regions that have effectively re-invented themselves as leading online gambling jurisdictions. http://global-money.com/item.php?id=349
Increased oversight by federal lawmakers will hopefully sanitise a domestic market built on all sorts of questionable gambling, from cock fighting and lotteries to sports betting and slot machines. Despite the fact authorities have been legally entitled to issue sports betting licences for decades and, since 2006, licences to operate ‘electronic establishments of games of chance’, there has been little movement in this regard.
A concerted push by legislators may result in an explosion of legitimate online poker rooms, sports books and casinos operating from the Dominican Republic in the immediate future.
Furthermore, a recent announcement of the impending launch of the prodigious PokerStars brand in New Jersey has got poker players all a-twitter. This time, however, the news emanates from a reliable source in the form of Amaya Gaming CEO, David Baazoz. Amaya Gaming acquired the PokerStars brand for $4.9 billion in August 2014. There’s consequently more than a grain of truth behind the rumour that the largest poker room on the planet will be part of the New Jersey gaming psyche sometime in the third quarter that kicks off in July 2015.
PokerStars was a casualty of overzealous US law enforcers in 2011, who promptly closed down the site after allegations of money laundering and fraud. After a year in the wilderness, all charges were dropped and a settlement reached with the US government. As part of the agreement, the celebrated online poker room would purchase competitor, Full Tilt poker, in return for the government’s commitment to honour licensing applications to operate online gaming in the USA.
Initially penned in for October 2014, the long awaited launch date is now expected to take place once the WSOP Main Event has been done and dusted. Timing is everything, so it would be a tad disingenuous to re-introduce one of the most recognisable poker brands in the world when the most recognisable live poker tournament was reaching its multi-million dollar climax!
In the meantime, why not play poker anywhere and at any time of the night and day at Grand Fortune mobile casino, an RTG gambling destination that welcomes players from across the USA!
Source: Caribbean News Now
June 1, 2015
Category: DR News |