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Online Gambling For Illinois
Legislators in Illinois may want to study the problems that the recently introduced Unlawful Internet Gambling Enforcement Act regulations have caused New Hampshire before they embark on a project to sell lottery tickets over the Internet. The difficulties of organising financial transactions blocked by the controversial and ill-defined UIGEA requirements should not be underestimated.
The Illinois Senate President, John Cullerton, needs to pay particular attention to the UIGEA pitfalls before he moves on a proposal he is considering which is designed to boost flagging state finances. Cullerton, a Democrat from Chicago, wants to expand sales of state lottery tickets by making them available online. And although state lotteries are part of the notorious and inequitable US legislative carve-outs when it comes to Internet gambling, the banking sector charged with enforcing the UIGEA has shown that it can and will block transactions about which it is uncertain.
Cullerton hopes that resorting to the Internet to boost sales will increase lottery revenues by as much as $300 million.
But according to reports last (January) month, the New Hampshire Lottery is battling with credit card sales over the Internet which have been blocked by a cautious financial services system charged with enforcing UIGEA regulations. The financial services industry - as was widely predicted in hearings on the UIGEA regulations, but ignored by the government - is struggling with the lack of precision in the regulations, especially regarding what constitutes an illegal online gambling transaction.
David Gale, executive director of the North American Association of State and Provincial Lotteries, told the Chicago Tribune, "I think it's an issue of not clearly understanding what exactly the rights are of the state in this issue."
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Gambling News :
Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
Singapore Online Gambling Ban Begins -
Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.
Pennsylvania Online Gambling Updates -
Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.
WSOPE In Czech Republic -
World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.
BtoBet Partners with AfroBet -
Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.
Pissed off Tabcorp shareholders -
A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.
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