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NEW YORK REPUBLICAN IN MOVE TO SHIELD ONLINE HORSE RACE BETTING
Wednesday August 10, 2011 : Gibson bids to clarify internet gambling legislation
In a move that he describes as a bid to clarify existing laws on internet gambling, Republican Representative Chris Gibson has announced in New York the launch of a bill to protect Internet wagering on thoroughbred horse races from laws designed to restrict online gambling.
The bill is said to be similar to one former Congressman Scott Murphy, a Democrat, wrote last year.
"While the [current] rules were designed to crack down on illegal Internet gambling, they have unintentionally created confusion regarding the validity of credit card transactions for legitimate wagers on horse racing that are sanctioned by the federal Interstate Horseracing Act," Gibson said in his statement Tuesday.
"As a result, several credit card companies have decided not to process any gaming transactions, even legal Internet gaming transactions on horse racing."
The racing industry has invested millions in online pari-mutuel wagering, and doesn't want to see it wasted...and betting via the internet is growing.
When the bankrupt New York City Off-Track Betting Corp. closed last year, the New York Racing Association began taking online registrations for its NYRA Rewards program and began streaming races live online.
"In upstate New York, we are fortunate to have Saratoga Race Course, the crown jewel of horse racing in the state and the economic engine for our area," Gibson said. "To sustain this much-needed tourism revenue and to protect thousands of jobs, we must ensure that horse wagering remains legal, as intended by federal law."
The legislation will go before the House Judiciary Committee shortly.
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Asia Gaming To Showcase Live Dealer Action -
Asia Gaming will be practically demonstrating its live dealer baccarat at the ICE show next month. The Asia-facing online gambling provider is on the expansion trail and intends to make a big impact at the expo and conference in London.
2017 Aussie Millions Event 6 -
Heads up, Boivin faced local pro Joel Feldman, but the Aussie proved to be no match for an on-fire Boivin who dispatched him with the runner up prize of A$78,440.
2017 Ice Totally Gaming -
Next month's ICE Totally Gaming conference and expo will again be a truly international affair, following confirmation by organizers Clarion Gaming that a total of 67 jurisdictions and sovereign states will be represented on the show floor at ExCeL Centre, London.
IGT in 7 Year Deal With Svenska Spel -
#IGT , as legacy #GTECH , has been providing video lottery products and support services to the state-owned monopoly Svenska Spel since 1996, the statement reminds readers.
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