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Missouri Passes DFS Regulatory Bill
Wednesday May 11,2016 : MISSOURI SENATE PASSES DAILY FANTASY SPORTS REGULATORY BILL (Update)
But the measure needs to revert to the House on an annual fee difference.
Missouri Senate Minority Leader Sen. Joe Keaveny's bid to regulate intrastate daily fantasy sports succeeding in the state Senate Tuesday, passing on a vote of 20 vs. 10.
However a difference over annual fees with the original House bill means that the measure must revert to the House for resolution.
Keaveney's Senate bill limits daily fantasy sports participation to those at least 18 years old and would give the state Gaming Commission oversight.
Operators would be required to pay an annual operating fee of 11.5 percent of a site’s net revenue, along with the annual licensing fee of $10,000 or 10 percent of net revenue, whichever is lower.
The annual fee proposed by the Senate is higher than that in the House bill, which requires a payment of just $5,000.
The bill faces a procedural deadline of this Friday, May 13.
Sen. Keaveny told lawmakers that the version of the bill passed Tuesday represents a compromise with Gov. Jay Nixon and daily fantasy sports companies.
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Gambling News :
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More detail is emerging on Senate bill S.3376 and its author, Senator Tom Cotton, indicating that Cotton has in the past (2015) signed as a sponsor for Sheldon Adelsons Restoration of Americas Wire Act and opposes the legalisation of online gambling in the United States.
Anti Gambling bill S. 3376 -
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@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 -
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French licensed gambling operators lost $5M in 2015 -
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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 -
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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.
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