Famous world gambling events

False and misleading information that could deprive players of their money is a criminal offense all over the world. The gamblers are spread all over the world and make sure that the gambling events take place with full spirit and zeal. The safety and security is the main issue that comes under consideration when it comes to this game. There are many gambling events which take place all around the world. These events focus on creating gambling communities and therefore it means a lot to such players. The casinos also market their services and get healthy client base from such events. Some of them hosts online tournaments, and players who visit popular websites like Svenskkasinon Casino top-ratings are always aware of them because there thay can find an up-to-date information and invitations.

World Series of Poker

It can be regarded as most coveted poker event that takes place each year in Nevada. The event attracts players from all over the world. There is a very large series of events that take place at almost every casino in Vegas. The best part of this event is that the winner of each event receives a bracelet which is held in high esteem by poker players. Every year the main event is also held during the series which open to every player that has played at least 1 table at the event. The winner of this main event becomes the world champion of Poker and receives multimillion dollar cash price.

World Poker Tour

Started in 2002 this event has been taken to the next level by the broadcasters. The series of poker events here are concluded by final and this is broadcasted live by famous broadcasters all over the USA. The players are gathered at Bellagio Nevada each year to take the active part in this poker event. The poker tournaments held here are always attended by thousands of poker players from all over the world. The gambling has been taken to the next level as the cash prices are high. World Poker Tour is second to World Series of Poker in terms of covertness and importance.

European Poker Tour

The event started in 2004 with the aim to give maximum exposure to the European players. Since its inception, the players not only from Europe but from all over the world join hands so that the gambling community can thrive. The tournament is held at three different locations in Europe each year. The dates and months vary which are announced well before time. The European champions are especially invited to make sure that the event gets the exposure that is required. In all 13 seasons of this tournament the players have taken home millions of dollars’ worth of cash prices and therefore this tournament is highly regarded by all.

2017 Winter Poker Open

The event was started on 7th of December 2017 will be concluded on 18th December 2017. The three-day event was hosted by the glorious and charming city of Tampa Florida USA. The online resources were also fully utilized by the management and the tournament was also advertised on Facebook. For entry, every player needs to submit $570 for level 1 entry. Every main event of the tournament has a guaranteed prize pool of which varies.

Understanding The Legal Framework Of Switzerland

Legal Framework Of Switzerland According to the article 106 of the Swiss Constitution, the law on gambling and lotteries is a federal matter. For conducting legal activities a company needs a concession (license), the issuance of which must take into account all the local conditions and gambling-related hazards.

Online gambling under a ban

The union’s budget fee is charged on the gross income of gambling houses, not exceeding 80%. It mainly goes on subsidy payments for elderly, disabled and survivor benefits. The article 106 provides two types of gambling: running the casino or lotteries, which are regulated by the Federal Act on lotteries and commercial rates, and control is assigned to another governmental institution.

Simultaneously with article 106, on 1 April 2010, the law on gambling and casinos came into force, which became the legal basis of gambling activities in Switzerland. All the games are allowed only in licensed establishments.

All the licensing, as well as supervision and taxation issues fall within the competence of the federal center. Online gambling and other forms of remote access are prohibited. However, according to online casino nederlandsegokken.nl, a reputed online gambling center based in the neighboring Dutch, the local authorities are close to introduction an amendment that clears out the way for online gambling businessmen. Currently, no prosecutions for playing online are envisaged, and the inhabitants of the country spent at online casinos nearly EUR400ml.

Main requirements for obtaining the license

The main objectives of gambling regulation specified in the Law are as follows:

  • security guarantees and transparency;
  • combating crime and money laundering;
  • prevention of the negative effects of gambling.

Furthermore, the Act aims at developing tourism and replenishing of the budgets of Confederation and the cantons. To open a gambling house two permits from the federal government are required: operational and the one on a specific location. In the presence of both the license is issued. Appeal against refusal is not provided.

The resolution on the location is provided or not basing on the opinion of the canton and local authorities. Additionally, the applicants are required to prove the benefits of opening establishments in the particular area.

To obtain an operational permit the following documents are required: a social concept, the concept of security, a business plan and a guarantee of the upcoming tax. The decision on the basis of these documents, the Federal Council takes on gambling at the Ministry of Justice.

In its structure, 5-7 members are appointed by the Government, at least one of which enters the board through a recommendation of the cantons, while the another two reps shall be independent experts having no personal interest, directly or indirectly related to gambling.

Swiss authorities are quite loyal to foreign investors; among foreign operators French and Austrian capitals are dominating.

The local gambling rules are quite common:

  • Under 18 years old are not allowed;
  • Individuals associated with casinos (staff, employees control structures, etc.);
  • Individuals suffering from gambling addiction.

The list of such individuals is stored in a single register, available to all the institutions in Switzerland. Visitors are allowed only after verification of documents; the ID, or personal account, reflects all the wins and losses. Loans for customers are strongly prohibited.