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S.151 Approved in Massachusetts

Friday June 17,2016 : MASSACHUSETTS LEGISLATIVE COMMITTEE ADVANCES ONLINE LOTTERY BILL
 
Joint Committee on Consumer Protection and Professional Licensure approves Senator Jennifer Flanagans S.151.
 
The state of Massachusetts made a move toward the online wagering environment this week when the state Legislature’s Joint Committee on Consumer Protection and Professional Licensure voted to advance Senator Jennifer Flanagans bill S.151, which gives the state lottery authority to take its products into the online and mobile business space.
 
Lawmakers reacted favourably to the lottery managements argument that such a move is essential if the lottery is to maintain and grow revenues which contribute to state coffers.
 
The co-chair of the committee, Sen. Barbara LItalien, spoke in support of the amended Flanagan bill, saying:
 
"Since millennials and other younger players have grown up with access to technology at their fingertips, they are less likely to purchase lottery tickets in the traditional marketplace and we need to find an alternative way to engage them.
 
"Massachusetts is highly reliant on lottery revenues for local aid, and in order to sustain the high revenues to which we are accustomed, we need to diversify our offerings to engage younger players and continue to have one of the strongest lotteries in the state."
 
Convenience store owners, who rely on the Lottery to attract foot traffic to their stores, have strongly opposed the lotterys initiative to expand into online and mobile wagering.
 
In addition to requirements that the Lottery verify all online players are at least 18 years old and in Massachusetts at the time of purchase, the committee attached eight conditions to the Lotterys online venture.
 
Any winnings between $200 and $599 would have to be claimed by the winner in person at a Lottery retailer, and winnings of $600 or more would have to be claimed in person at the Lotterys office. The committee also gives the Lottery the ability to withhold payout until it has determined the winner does not have outstanding child or spousal support payments or other state debt.
 
The committees amended version of the bill also calls for daily, weekly and monthly maximum limits on how much players could deposit online for Lottery products, and requires that players have the ability to lower those limits themselves. It also would require players to be able to withdraw any and all winnings at any time and bar deposits directly from a bank account to an online Lottery account.
 
To mollify the convenience stores lobby, the conditions include a provision allowing players to purchase from retailers an "online game card" that could be used to add funds to an online Lottery account. However, the bill prohibits the use of credit or debit cards when purchasing Lottery tickets at physical retailers.
 
In preparing for a positive outcome on its request for permission to go online, lottery officials issued a request for information in December last year, inviting suitable companies to submit proposals for development, implementation, operational support and maintenance of an online lottery system. The RFI attracted 20 responses.
 
State Treasurer Deborah Goldberg has suggested that the Massachusetts State Lottery might also enter the daily fantasy sports sector in order to attract a younger demographic to its products.

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Gambling News :

Malta Gaming Authority's half-year 2016 report - There are 490 gaming license in issue and 257 gaming companies in operation....in the first six months of 2014, those figures were 414 and 271 respectively;

Macau ATM Transaction Limit Lowered - The Monetary Authority of Macau moved quickly Friday to quell market concern caused by a newspaper report late Thursday that it was about to slash ATM limits in half .

Vegas Mobile Casino Gets Live Dealer Games - Vegas Mobile Casino has partnered with Swedish online gambling game developer NetEnt, which has supplied a new live dealer offering that includes desktop Blackjack and desktop and mobile Roulette.

Cosmic Crystals SLot Launches - 1X2 Gaming's latest online slot titled Cosmic Crystals is a 5 reel, 50 pay-line game with a futuristic outer space feel, gems galore, and features that include a sticky Wild reel, re-triggering Free Spins, Scatters and a claimed 95 percent RTP.

Playtech Live launches dedicated live roulette room - Playtech's live dealer arm, Playtech Live has launched a dedicated live roulette room operating from a fully custom-built studio bursting with colorful Christmas decorations.

Australian Open To Dunp Gambling Ads - Court-side advertisements, which have been criticized as promoting gambling and thereby contributing indirectly to the specter of match-fixing, are to be discontinued in 2017 from the Australian Open tennis championships, Tennis Australia has confirmed.

Olympique Lyonnais In Sponsorship Deal With FDJ - The agreement allows FDJ to introduce its ParionsSport betting terminals in the Parc OL stadium, and the promotion by the club of its website of the same name

BaFin CrackDown on Spread Betting - The UK Financial Conduct Authority's crackdown on financial and stocks spread betting via contracts for difference has been followed by similar moves in Germany, where the financial regulator BaFin announced similar new restrictions Thursday.

How is the CDC Group Spending its Money - Questions are being asked about how the UK government's private equity arm, the CDC Group plc (formerly the Commonwealth Development Corporation) spends the billions it is allocated to alleviate international poverty, The Guardian newspaper reported Friday.

Voodoo Slot Released - The Prague-based online gambling games developer Endorphina is going against the trend of Christmassy-themed offerings at this time of the year, instead going for the popular horror genre in its new slot Voodoo, released to operators today (Friday).

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