Qualifying for the Rio Poker Fest 2008 – How they work

The Rio Poker Fest is the largest annual Brazilian poker tournament . This tournament is very popular among online poker sites thanks to the thrill of a tournament combined with a vacation package in Rio de Janeiro.

There have been many online poker rooms that have offered qualifying packages for the Rio Poker Fest, which was held in March this year. Most online poker places have offered qualifying tournaments a couple of times a week, usually with different entry fees and the best players in each tournament received an expensive trip to Rio de Janeiro, Brazil and of course a paid seat for the tournament! ( Online poker sites usually like to send a couple of players from their site because if they win, it’s a big advertisement for their site.)

This past Rio Poker Fest had a sweet $ 250,000 ticket attached! It was not the millions of WSOPs, but a play in a live tournament that is not played in front of a computer screen is not only fun, but it is also a way for the player to show his professionalism and to gain not only exposure , but experience, which is even more important.

A professional poker player will usually try to get into a good amount of games at his favorite online poker site every day, but besides that, he will make sure to attend a couple of real casinos every couple of weeks to make sure his skills offline are still great. Many players pass the transition offline / online quite well, but practice and experience are what matters in poker.

The main objective to bet from an online casino is to have fun and enjoy it at allslotscasino.com. She will have fun if she does not make money, and more if she makes money.

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This online casino offers easy-to-download options and support and software in multiple languages. Their customer service is friendly and professional and their payments are fast and on time. The odds are really excellent in this casino and have a payment rate of over 97%.

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$ 1.3 Million Casino Jackpot – Vegas Red

Vegas Red has become the hottest online place for casino bettors. He’s been online for years and managed to stay on top of the hundreds of casinos that were created after this. They tried to imitate it by recreating its look and its environment and also trying to offer similar bonuses but as often happens, nothing can replace the original. This is your favorite online casino.

Casino poker and traditional casino games such as Blackjack, Slots, Craps, Roulette etc. are all included on Vegas Red. They offer over 100 casino and poker games and they stick to their promises by offering players incredible bonuses and one of the most profitable VIP programs in the industry. Players no longer leave Vegas Red once they start playing there and test the big odds, fast payouts and absolute security they can always count on.

Currently, there is a progressive jackpot of $ 1.3 Million dollars that Vegas Red is trying to give to one of its players. When a Vegas Red player wins this jackpot in one of their classic casino or poker casino games, it is a great advertisement for their brand. The progressive jackpot usually accumulates for a couple of months before being won this is because a large sum of players play daily on this network, and there is usually always an incredible prize to be won.

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Variations of Internet Gambling License

In order to promote a legitimate and legal online gambling business on the Internet, most online gambling operators take the initiative to secure license to legally operate a gambling business on the Internet. The need for a license to operate is empirical to online gambling operators since it determines one’s business operation to be legal.

There has been a great controversy concerning the issuance of Internet gambling license from country to country. The variation on licenses to operate a gambling business on the Internet can be traced to legality issues that continue to haunt the online gambling industry. Each country observes its own rules on issuing license peculiar from others. The procedure also varies based from each country’s law making body policies.

The procedure policies on license issuance of one country may have demanding requirements that subjects online gambling operator applicants for thorough investigative procedures. While the licensing procedure can be difficult and complicated from one country, other countries exercise laxity on the issuance procedure of their online gambling license. These countries usually require only an application fee for the license to operate an Internet gambling business. Simple requirements only demand that an online gambling owner have sound financial funds with a methodical and prompt payment to their winning players.

Furthermore, they also require gambling operators to conduct a business operation on the Internet in accordance to their responsibility as tax payers and meet their social commitments through legal operation of their Internet gambling business. The concept of providing legal way of operating an online gambling business is to eradicate crimes and underground operations through licensing. The government where laws are imposed that deem online gambling legal within their jurisdiction intensifies their advocacy to legalize gambling through the issuance of license.

Within this thrust of the government towards legalizing online gambling establishment’s operation on the Internet, it raises the public trust of the online gambling population and improves the quality of standards and behavioral conducts that online gambling operators need to uphold and observe to keep their license from becoming revoked and considered null and void.

There are quite several differences as to the requirements imposed to applicants for a license to operate within a specific jurisdiction. However, it is all geared towards legalizing the online gambling operations in order to promote a legal online gambling industry that serves to protect its image and the online gamblers through licensing. The goal of legalizing online gambling is attainable when all Internet gambling operators are licensed to operate.

Licensing Bodies for Internet Gambling Operators

Operating in a self regulated industry, online gambling operators seek to find ways of regulating their own business to conduct a more legitimate and legal business operation regardless of the jurisdiction where their Internet gambling business office operates.

All the online gambling industry participants that cover online casinos, online gambling portals, sportsbooks and many other online gambling businesses on the Internet have taken advanced steps towards self regulation. This step encouraged the formation of numerous independent regulating organizations that mandate all online gambling operators who operate business on the Internet to secure a license within the jurisdiction where their Internet gambling business operates.

With proper governance from independent regulating and licensing bodies, the online gambling industry has been provided with a secured and credible source that monitors the quality services provided by online gambling operators to all gambling operating participants on the Internet. These governing organizations create their own regulating policies and licensing requirements that entail force compliance among its license applicants for their online gambling business.

Some of the well-known and prestigious regulating bodies that issue certification or license to Internet gambling operators are the Interactive Gaming Council and eCOGRA. Being a non-profit organization, the Interactive Gaming Council operates within the regulations and statute of Canada with a mission geared towards promoting a global interactive industry for Internet gambling. It has a set policies and uniformed code of conduct that should be observed by its members.

The eCOGRA is another independent organization where the core of their services is directed towards providing consumer protection. Its main objective is to ensure that Internet gambling operators will observe an honest operating procedure such as providing its online players a random and fair game including prompt payments to all its winners. It keeps an eye to gambling operator’s financial management whether all winners are compensated with their prizes in a timely manner.

The Alderney Gambling Control Commission is engaged with a dialogue among other regulating international organizations related to online gambling. They closely work with other regulating agencies to prevent the occurrence of crime. The Antigua & Barbuda Commission, whose services are directed in regulating offshore gambling, deals with collecting information and analysis of the gaming software used to ensure fairness of online games provided to online gamblers as part of their technical services. They also entertain complaints concerning their licensees and is in authority for the revocation of online gambling license from gambling operators.

The Kahnawake Gaming Commission is another regulating entity that allows offshore gambling agencies to use their gambling license as per compliance with their regulations and policies. There are many other gambling commissions that issue gambling license to operate on the Internet with the same objectives of regulating the online gambling industry.

Because the dire need to improve the online gambling industry is realized by Internet gambling operators, the formation of licensing bodies that will impose the highest quality of standards to all online gambling operators gives the industry the opportunity to generate more income because of the appealing value of operating a licensed business attract more online gamblers to patronize the Internet gambling industry.

Legality Aspect of Internet Gambling License

Perhaps one of the major concerns of an online gambler in every instance that they are gambling on the Internet is whether they are playing legally or not. The legality of Internet gambling basically varies from every country. The United States in particular are ardent on its campaign against online gambling which is highly influenced by the occurrence of crimes that can take place using online gambling as a front such the case of money laundering.

Other countries on the other hand have more lenient policies concerning Internet gambling. In order to counteract illegal and underground activities from taking place with Internet gambling, the local government from countries where online gambling is allowed has imposed regulating and licensing policies that has to be met by Internet gambling operators.

The principle behind the issuance of gambling license to Internet gambling operators is to present a controlling force on the operation of Internet gambling sites to protect the public interests especially that of the Internet gambling community. It can present a more trustworthy online gambling site that assures security and safety of transactions made by every online gambler.

The issuance of license to online gambling operators makes their business operation legal. It is also a means of making them aware of the needed modification on their services upon inspections on the quality of their services. Because they are subject to scrutiny of the issuing license agency, it can impose standards that online gambling operators have to meet in order to avoid the revocation of their license to legally operate their business on the Internet.

Playing in a licensed online gambling site is also to an Internet gambler’s advantage as they have the assurance that they get quality services from the site where they are gambling and that they can have the confidence that they are playing with an honest Internet gambling operator.

Although an online gambler cannot be restrained by the local authorities to participate in wagering to offshore online casino sites, the Internet gambling operators should continue to guard their license by ensuring that legitimate financial transactions are taking place on their establishment.

To be able to operate a legitimate online gambling business, every gambling operator on the Internet should apply for a license. Securing a license not only provides protection to Internet gamblers but also gives leeway to an online gambling establishment to operate legally and legitimately. With this premise licensed Internet gambling operators presents their business through legal means. It also creates a positive impression to their gambling business on the Internet as legal, professional, credible and trustworthy.

Internet Gambling License from Foreign Countries

The value for securing an offshore Internet gambling license gives credit to the Internet gambling operators whose business is presented with an image of being credible and legitimate. The provisions of offshore gambling license is to strengthen the legitimacy of running an offshore Internet gambling business with a regulated policy to assure legal and safe Internet gambling activities to take place.

In order to merit a gambling license to operate on the Internet the license applicant needs to exhaust efforts to convince the licensing body that their Internet gambling operating system is trustworthy and with quality services. The burden of proving that they can cater to all Internet gamblers with efficient and prompt services shall be established to convince that their Internet gambling business operation is sincere and dedicated to uphold the image of regulated and licensed offshore gambling business entities.

Nevada and New Jersey are known for strict investigations implemented within their jurisdiction prior to release of a license to operate within their state. A thorough procedure is diligently undertaken in the conduct of investigation and carrying out an independent test concerning the accuracy of the claim of a license gambling applicant.

Regarding the financing of the investigation process, the gambling license applicant shoulders all costs and expenses incurred throughout the investigative procedures. Included within the costs of investigation expenses are the cost for public hearings and the legal fees in connection with the legality aspects of the procedure throughout the process.

Applying for an operator’s gambling license in other countries is highly costly. Exclusive of the annual fee are the charges imposed per number of gambling machines used and the quarterly charge for per table or machines. Paying taxes is also one of the financial obligations that an operator gambling license applicant should meet which is also expensive.

The business operations of offshore gambling operators commenced when legality issues within the United States has been raised and with no certain clear cut policies on the legality of Internet gambling operations. Offshore gambling operators felt the need to abandon their business centers within states where there is unclear policy against Internet gambling and move over to ones where Internet gambling is legal through the issuance of local gambling license to operate within a jurisdiction.

The application of Internet license to operate in foreign countries can be very costly to license applicants. They need to allot funds for this purpose which should include the license fee, legal fees and taxes. But in due time when license has been granted to an Internet gambling operator license applicants, they can reap the prospect of a promising Internet business where sure money continually flow.

eCOGRA Seal for Credible Online Gambling Industry

Because of the efforts of the Internet gambling operators to acknowledge the need for regulating their industry to regain the online gambling player’s trust, more gamblers are continuing to patronize gambling sites on the Internet.

One of the most prestigious licensing and regulating body on the Internet gambling industry is the eCOGRA. The eCOGRA seal is a valuable asset among online gambling operators because its seal represents a credible, trustworthy and reliable Internet gambling business which most online gamblers always look for when choosing the Internet site to gamble.

Bearing the eCOGRA seal by an online gambling site gives Internet gamblers better assurance that efficient and reliable services are delivered to them. The eCOGRA seal system awards an Internet operating gambling establishment the quality mark and safety for online gamblers to play at. All interested eCOGRA applicants are subjected to a thorough, precise and strict manner of highly implemented standards which are set by professional and experts on the Internet gambling industry.

To be able to get the prestigious eCOGRA seal to become a licensed gambling operator on the Internet an online gambling site is subjected to inspection, implementation of eCOGRA standards and compliance of the set policies by the organization. At irregular intervals the eCOGRA seal holder Internet gambling establishments are inspected to monitor compliance to the eCOGRA policies. With a negative outcome of assessment for an eCOGRA license holder, the certification issued to them will be immediately revoked.

Online gamblers are now given the widest freedom to choose an online gambling establishment to gamble without the fear of becoming victims of fraud. With the seal of eCOGRA displayed on an Internet gambling site, an online gambler’s predicaments to play online is immediately resolved knowing that the seal is an assurance that their prospect online gambling site have passed quality standards and assessment by eCOGRA.

The responsibilities and duties of eCOGRA does not end upon the issuance of license for online gambling operators. Their service is extended throughout the end by a continuous inspection to their licensees to ensure that they are diligently following the standards and regulating policies of the body.

The gaming software of online gambling operators is also within the eye of the eCOGRA inspection and compliance personnel. They make sure that the online games are fair and random to provide players a fair game to play. Better confidence is felt by online gamblers upon seeing the seal of safe Internet gambling and credible industry where they are already a part of.

Different Types of Internet Gambling License

For most interested parties willing to apply for a gambling license it is noteworthy to have a better understanding how gambling licenses are issued and the different types of gambling licenses that one can apply for.

The gambling commission is responsible for regulating commercial gambling establishments and mainly issues two different kinds of gambling license applicable to land and Internet based gambling operators. These two gambling licenses can be operating and personal licenses. While these types of licenses are exclusively issued by the Gambling Commission, another type called premise license is issued only by the local authorities.

What is the difference between the operating and personal licenses? The operating license is usually issued for unlimited period to interested parties who provide gambling facilities. The gambling operator needs to pay however an annual fee for the license. Furthermore the Gambling Commission will conduct license review, does have the power to amend conditions pertaining to their issued license and can revoke a license.

Internet gambling participants to the industry which include gambling software manufacturer and providers, suppliers and gambling facility operators, those involved with the repair and installation of gambling machines are all covered within the operating license.

Specific examples of participating entities to the Internet and land based gambling industry are casino operators, machine operators that supply facilities related to bingo, pool betting and the like, manufacturers, repair service providers to gambling machines including software manufacturers and providers.

Personal Management License is issued to individuals who perform responsibilities with influencing factor to gambling outcome or related to the gambling operations such as financial transactions related to gambling. Specific functions of a gambling establishment’s personnel that are issued with personal license are those functions that have an influence on the overall operation of the gambling establishment, relating to financial management, compliance to imposed regulations, marketing programs, commercial promotions and IT gambling related security.

The personal management license’s issuance is more directed to managerial functions such as executives, directors and officers whose functions are related to financial, over all operation, commercial development, IT, marketing and other responsibilities overlooking the general operation of the gambling institution.

Another form of personal license specifically issued to personnel whose functions are directly related to the gaming operations such as receiving and paying of money during a game and those that has the function to influence a game outcome is called personal functional license.

The personal functional license is issued to gambling establishment’s cashiers, croupier, pit boss, gambling supervisors, surveillance and security authorities.

Every gambling license is specifically issued for a direct purpose which enhances the efficiency of services and functional responsibilities of individuals engaged with the gambling operation.