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20th Anniversary for the UK Lottery This Year Comments Off on 20th Anniversary for the UK Lottery This Year

Posted on December 11, 2014 by Kimberly Goshterson

20th Anniversary celebration National Lottery in the United Kingdom celebrated its 20th anniversary this year. There were a lot of skeptics when the National Lottery started up in 1994, but they have been won over by the fantastic projects that are funded by this system.

National Lottery Funded Projects:

The past 20 years may have seen hundreds of people win big at the National Lottery, but that is not where the main focus should lie. Along with gifting people the dream of winning a million pounds or more, the lottery has helped countless charities, organizations and non profits in the UK.

For example, the Lylac Ridger Learning Centre in Wales would not exist without money from the National Lottery. This center helps people of all ages who have learning difficulties.

The North Tyneside Art Studoio and the Everyman Playhouse Theatre on Mereyside are two art projects that have received generous funding from the National Lottery. Not only do these centres create brilliant art, but they also help young people who are passionate about drawing, painting or performing.

It may not be well publicized, but the National Lottery played a crucial role in the 2012 Olympics and Paralympic Games. Millions of pounds went from the National Lottery to sports organizations, teams in training, Olympic sites and other sports organizations.

Big Lottery Fund:

One of the best examples of the good that a lottery system can do is the Big Lottery Fund. Started in 2004, the Big Lottery Fund takes up around 40% of the profits that are made from the sale of lottery tickets. This money is distributed throughout England to its neediest citizens and communities.

Experts estimate that close to 100 million pounds will have been donated to charities, shelters, hostels, and other community projects throughout England, Wales, Scotland and Northern Ireland.

Online Gambling Arrives At Last in Mexico Comments Off on Online Gambling Arrives At Last in Mexico

Posted on November 21, 2014 by Kimberly Goshterson

Mexico gamblingThe fear of money laundering has been put to rest after both the national parties of Mexico agreed to frame strong legal guidelines to manage online gambling in the nation. The long process of discussion between National Action Party and Party of the Democratic Revolution led to the formation of an agreement within which, online gambling will be legalised, but under tough regulations to restrain money laundering. According to Mexican media the gambling law will lay down the minimum age of online gambling players to 21 years to restrict youngsters from developing a liking for the addictive game.

 

Though a gambling law implemented in 2004 allowed land-based casinos to operate legally, online gambling and National Lottery of Mexico have been operational since 2008 and were not popular due to payment restrictions.

 

Online gambling council

According to the new legislation which is valid for 10 years, there will be a new Advisory Council to administer and regulate online gambling. It will consist of secretaries from departments like health, tourism, economics and finance. Mr. Ricardo Mejia Berdeja, Deputy and Former Chairman of Mexico’s Special Commission on Casinos stated that the agreement has been made after continuous deliberations of legislators and representatives from Federal Government and non-government organizations. The legislation will work to reduce money laundering by making limitations on back room illegal gambling, which generally occurs on country side. The law is expected to bring some semblance of law and order into unauthorized gambling being done now and banks can allow use of debit and credit card payments for licensed operators.

 

Expected growth in revenue

The legislation will help licensed operators like Poker From Home de Mexico, S. de R.L.de C.V. (PFHM), which already has an agreement with Home.com Entertainment Inc. of Las Vegas and others to run their operations with government approval. Gambling enthusiasts are also eagerly awaiting launch of Probability, which has signed an agreement with Mexico’s Grupo Caliente in 2011 as reseller to offer players mobile bingo and mobile slots. The regulation will bring in large casinos and tournaments into Mexico like the ones in Brazil and other parts of Latin America leading to generation of revenue, which can be used for development of community.

 

Harut Arutyunyan Wins $576,369 Comments Off on Harut Arutyunyan Wins $576,369

Posted on September 25, 2014 by Kimberly Goshterson

Harut Arutyunyan WinsBeating all other players over six days of poker, Harut Arutyunyan won the WTP Legends of Poker tournament and the prize money that came with it – a staggering sum of $576,369. The fact that this was the first major win for Arutyunyan after having earned not much from his previous plays makes this news even more interesting.

 

The tournament

The event was in Los Angeles, at the Bicycle Casino, and the player pool as well as the crowd were good. A buy-in of $3500 for the main event made way for a very lucrative prize pool.

It was not as if Harut Arutyunyan won because there were no big names at the event.

Seasoned players David Chiu, Ryan Reiss, Andy Fankenberger, and others were at the event. In fact, the final table consisted of players such as Taylor McFarland, Tyler Kenney and others. However, it was Mike Eskandari who lasted until the end along with Arutyunyan. It was head to head as the game was just between these two and lasted really long. Even though Eskandari had the lead at first, which he lost and gained and so on, it was Arutyunyan who had the winning hand in the end.

 

The prizes

Along with the huge sum Harut Arutyunyan won for winning the main event, his win automatically gave him a place in another WTP event happening in Atlantic City. Of course, there were other prizes such as a watch and gold headphones and a trophy from Bicycle Casino. Then, there was also the WTP trophy that he won for this event.

However, the sweetest of all, other than the prize money of course, was the engraving of his name on the Champions Cup of WTP. This cup has names of all the winners from the past championships and now, Harut Arutyunyan joins their ranks, as well.

 



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