Online Casino Transfer: News - More Thailand Delays

01/16/2010		Online Casino Style: News More Thailand Delays - 2
Home History Games News Dictionary		continued from More Thailand Delays - 1 The commercial side of the fence – those companies counting on the follow-through of the government’s promise to legalize an online lottery – are now considering legal action to force their hand. One such CEO, Treejak Tansupasiri of Loxley GTech Technology, said that they are still willing to ‘wait and see’ at this point, but that legal action is not out of the question. “As the vendor who has invested in this project, [we cannot say] if a lawsuit will be lodged against the government if it decides to abolish the project, but Loxley's legal division is studying legal options over the issue,” he affirmed. Apparently, the government is in somewhat of a double-bind, as Vejjajiva had to admit that they were bound by the online lottery contract, but that the law prohibited any forms of internet gambling. The decision has been up in the air for months, though a success of sorts was thought to have been achieved with the ruling by Thailand’s Governement Lottery Office in December, which said that the project was greenlighted for regulation development. From then, December 4th, 90 days were given for a solution to be found. Loxley GTech is certainly not the only online casino company to have major concerns over the issue, but they are one of those few set to profit the most when the ball does get rolling. According to the publication The Nation, Loxley GTech has invested billions of baht into the project, which would allow bettors to purchase their virtual lottery tickets over the web using a real-time database, running concurrently with all in-store buys. Receipts can be printed as proof of wins. Vejjajiva’s timing is nothing short of dramatic, infuriating representatives from the Ticket Lottery Vendors’ Association, such as Thawatchai Sathitwitthaya. He has presented the question as to why postpone and impede the online lottery immediate before its scheduled launch in March, instead of arguing against the measure while it was still under legislative debate? No answers have yet been provided, even as the groups hum their disapproval. Should the project be scrapped, Loxley Gtech, would miss out on the future profits, compensated only through their lawsuit, and a fine for a broken contract with the Thailand government.

01/16/2010

Online Casino Style: News
More Thailand Delays - 2

continued from More Thailand Delays - 1

The commercial side of the fence – those companies counting on the follow-through of the government’s promise to legalize an online lottery – are now considering legal action to force their hand. One such CEO, Treejak Tansupasiri of Loxley GTech Technology, said that they are still willing to ‘wait and see’ at this point, but that legal action is not out of the question. “As the vendor who has invested in this project, [we cannot say] if a lawsuit will be lodged against the government if it decides to abolish the project, but Loxley's legal division is studying legal options over the issue,” he affirmed.

Apparently, the government is in somewhat of a double-bind, as Vejjajiva had to admit that they were bound by the online lottery contract, but that the law prohibited any forms of internet gambling. The decision has been up in the air for months, though a success of sorts was thought to have been achieved with the ruling by Thailand’s Governement Lottery Office in December, which said that the project was greenlighted for regulation development. From then, December 4th, 90 days were given for a solution to be found.

Loxley GTech is certainly not the only online casino company to have major concerns over the issue, but they are one of those few set to profit the most when the ball does get rolling. According to the publication The Nation, Loxley GTech has invested billions of baht into the project, which would allow bettors to purchase their virtual lottery tickets over the web using a real-time database, running concurrently with all in-store buys. Receipts can be printed as proof of wins.

Vejjajiva’s timing is nothing short of dramatic, infuriating representatives from the Ticket Lottery Vendors’ Association, such as Thawatchai Sathitwitthaya. He has presented the question as to why postpone and impede the online lottery immediate before its scheduled launch in March, instead of arguing against the measure while it was still under legislative debate? No answers have yet been provided, even as the groups hum their disapproval. Should the project be scrapped, Loxley Gtech, would miss out on the future profits, compensated only through their lawsuit, and a fine for a broken contract with the Thailand government.