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Michigan considering online poker

Wednesday May 4,2016 : MICHIGAN SENATE COMMITTEE TO CONSIDER ONLINE POKER LEGALISATION TOMORROW (Update)
 
Senate’s Regulatory Reform Committee gives SB889 a fast hearing.
 
Barely a month after it was introduced to the Michigan Senate by Sen. Mike Kowall online poker legalisation measure SB889 is to be the subject of a hearing in the Senate Regulatory Reform Committee tomorrow (Wednesday May 4).
 
The bill has a good chance of making progress, considering that five of the nine committee members have already signed up to it as sponsors, according to the Poker Players Alliance, which is actively promoting the intrastate measure.
 
SB889 provides for online poker and casino licensing and regulations for operations controlled by the state's existing land licence holders, and limits the number of licenses to just eight. Licenses will have a five year duration and there will be a $5 million upfront fee which may be claimed as an advance on taxes, which it is proposed will be at a rate of 10 percent of GGR.
 
State lawmakers tend to be progressive, as is evidenced by their approval of online lottery activity which made Michigan the first in the USA with this product.

The state's land casinos - both commercial and tribal - have been experiencing declining revenues in recent times, giving operators an incentive to support the bill in order to  generate revenues from a more diverse demographic.

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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