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Pennsylvania Expands Gambling

1/11/10 The state of Pennsylvania has seriously upped the competitive ante in land gambling, legalising poker, blackjack and other table games at its casino licensees this week as it seeks to close budgetry gaps with gambling tax revenues.
 
Casinos in the eastern state have traditionally been restricted to offer only slot gambling. The dramatic change to a wider gambling offering is expected to take up to six months before practical implementation, but reports indicate that the move has caught the attention of several neighbouring states whose casinos will inevitably be impacted, notably New Jersey's Atlantic City.
 
The extended games offering will be available through 14 Pennsylvanian casinos after the Pennsylvania House voted by a margin of 103 to 89 to approve the introduction of table games. Only 12 Republicans voted for the measure, while 10 Democrats voiced their opposition to it in a vote split largely along party lines.
 
In the Senate, a total of 28 “yays” and 22 “nays” were recorded in a similar margin of victory, reports Associated Press.
 
In response to the passage, the Mason-Dixon Resort and Casino declared that it would apply for a license to open a property near the historic town of Gettysburg.
 
Pennsylvania Governor Ed Rendell would have been forced into a quandary if the bill hadn’t passed. Reuters reports indicate that the state would have had to lay off nearly 1 000 of its personnel due to a lack of revenue. Under the new measure, tax funds will be raised from casinos, which will be allowed up to 250 table games, while resorts will be permitted to have up to 50. Licenses would run $16.5 million and $7.5 million, respectively. Table games are taxed at a rate of 16 percent for the first two years and 14 percent thereafter.

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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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