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Details on Pennsylvania Internet gambling plan

Thursday, January 31, 2013 : MORE DETAIL ON PENNSYLVANIA PLAN FOR INTERNET GAMBLING (Update)
 
But it could be an expensive licence...
 
Our readers may recall an advisory in October last year in which Pennsylvania Representative Tina Davis co-sponsored a bill to close a loophole in the state's gambling law by prohibiting Internet sweepstakes cafés, at the same time floating the idea of an entry into the online gambling sector.
 
The issue surfaced again last week in a memo dated January 25 2013 at: http://www.legis.state.pa.us/cfdocs/...cosponId=11316, which reprised the advisory with interesting detail on Davis' proposal to amend the Pennsylvania Gaming Act.
 
Davis stresses the need for action, bearing in mind that neighbouring states like New Jersey and Delaware have already achieved legislative approval for online gambling legalisation initiatives.
 
If Pennsylvania is to maintain its position as the second biggest gambling revenues generator in the USA, it needs to stay ahead of the innovation curve, she opines.
 
She suggests that the state Gaming Control Board would be responsible for both regulation and licensing, which will not come cheaply.
 
Her proposal punts a licensing application fee of $16.7 million, and seeks to establish a "reasonable tax rate that takes into account overhead and cost of operation for the casinos."
 
The proceeds from internet gaming would be split between the Pennsylvania Property Tax Relief Fund and the State Lottery Fund.      
 
"Considering the nationwide efforts to legalize internet gaming, it is imperative that we maintain the integrity of our gaming industry amid inevitable federal preemption and competing states, as well as possible expansion of internet games through the privatization of our own State Lottery," Davis concludes.
 
"A responsible internet gaming system must be created in order to protect Pennsylvanians and the success of the established gaming industry in the Commonwealth, which has generated more than $7 billion in state tax revenue, and created more than 16,000 jobs statewide."

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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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