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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 :

Phil Ivey Loses Borgata Casino - Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.

NYX Gaming in deal with Endemol - "Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”

NEW CAMBODIAN GAMBLING LAWS - After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.

Congress To Review US SportsBetting Restrictions - Did the American Gaming Association’s campaign influence the decision to take another look at the 1992 Professional and Amateur Sports Protection Act?

Playtech Acquires ECM Systems - Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.

Marks and Spencer store Manager steals to Gamblie Online - The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.

Chinese Gambling crackdown could damage high roller revenue - Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.

EvenBet Open Face Chinese Poker - Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.

PartyPoker Millions tournament guarantee Now GBP 6 million - Online poker operator PartyPoker announced Thursday that it is to boost its PartyPoker Millions tournament guarantee by a million sterling to GBP 6 million, claiming it is now the biggest prize pool guarantee in European poker history.

2016 EPT Malta - The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.

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