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HB 4323 Illinois DFS Bill Advances

Thursday April 21,2016 :  ILLINOIS HOUSE ADVANCES  D.F.S. BILL (Update)
 
House Judiciary Committee sends Zalewski proposal to the floor.
 
Illinois Rep. Mike Zalewski's daily fantasy sports legalisation bill HB 4323 was advanced by the House Judiciary Committee Wednesday and sent to the floor for debate later this week amid concerns by some lawmakers that the measure had not been properly vetted and was moving too fast.
 
“I know this is a controversial bill,” said Zalewski. “Constituents of ours play these games and regardless of whether we agree with their decisions to do so, we’re faced with the choice of deciding whether we want to protect them from the reality we know exists and make sure that they enjoy the games in a reasonable way.”
 
The bill has provisions for operators generating revenue in excess of $10 million a year to pay a $50,000 licensing fee, and smaller operators with revenues of less than $100,000 face a fee of only $1,500.
 
Taxes would also be paid on a sliding scale, with companies that make more than $15 million in profits annually paying the highest rate of 22.5 percent.
 
Republican Rep. Ron Sandack protested that the measure appears to allow operators to continue to carry on business whilst the state gaming board is working out a set of regulations for the genre.
 
“If I were granted a casino license, I don’t get to open up the shop and start letting gambling occur while the gaming board vets me,” he said.
 
“The vetting occurs first so that the operations are lawful, so that the people doing the gaming are lawful, so that the game isn’t rigged — all that occurs first. Then licenses are given. We’re doing this backwards and I don’t think that’s fair.”

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Gambling News :

Anti Gambling bill S. 3376 - #s3376 Industry observers were taken by surprise late Friday when a little-known Republican Senator from Arkansas, Tom Cotton, filed the beginnings of a new bill in the US Senate Committee on the Judiciary in what appears to be a move to toughen the US legal stance on the Unlawful Internet Gaming Enforcement Act of 2006 and possibly the 1961 Wire Act.

2016 WPT Borgata Main Event Results - @MrJesseJames888 Four years ago the poker world watched as Jesse Sylvia and Greg Merson fought it out in the heads up of the World Series of Poker main event, with Sylvia narrowly defeated but taking home a second placing pay check for $5,292,889.

G-Sports debuts with the game Road Redemption - #esports Land, online and mobile gambling publisher Gamblit Gaming has debuted in the burgeoning eSports sector, unveiling its new eSports platform branded G-Sports with the hit PC and console game Road Redemption.

French licensed gambling operators lost $5M in 2015 - #france Numbers released by the French online gambling regulator ARJEL have illustrated the continued folly of a ring-fenced and restricted online gambling market saddled with a harsh and operator-unfriendly tax regime.

NO PRIVATISATION FOR ONTARIO LOTTERY - The privatisation of the Ontario provincial lottery will not go ahead despite proposals by major companies like IGT-GTech, Scientific Games and Rogers Communications submitted in response to the provincial government’s 2014 Request for Proposals.

Space Invaders wins Best Slot Product Award - The growing emphasis on skill-based slot machines that are more appealing to the millennial demographic has seen Scientific Games awarded a Best Slot accolade for its Space Invaders game at the 2016 Gaming and Technology Awards.

Loss Recovery Act has again been defeated in a class action lawsuit - #gameofwar Illinois notorious Loss Recovery Act has again been defeated in a class action lawsuit...this one emanating from in-game activity on a mobile social gaming video game.

NEW MARKETING CAMPAIGN FROM LADBROKES - The Ladbrokes land and online gambling group has launched its latest marketing campaign, with the first television advertisements ready to screen this Saturday.

Gamesys acquires Snowcat Games - London online gambling provider Gamesys has announced the acquisition of Estonian online gambling games developer Snowcat Games for an undisclosed consideration, noting that the deal will strengthen its development capabilities.

BetConstruct adds virtual sports products - The Golden Race package includes premium virtual content including; football, tennis, Real MMA Fighting, horse and greyhound racing, along with lotto and keno games content.

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