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West Virginia Considering Online Gambling

Friday March 01,2013 : WEST VIRGINIA MAY CONSIDER ONLINE GAMBLING LEGALISATION
 
State lottery director says "...it's the way of the future."
 
In a reaction to the news that New Jersey has joined Nevada and Delaware in legalising online gambling, West Virginia State Lottery director John Musgrave says the internet is "...the way of the future."
 
Speaking to the Charleston Daily Mail this week, Musgrave said that he hoped to convince state lawmakers on the need to consider the online gambling option, saying: "We need to discuss it."
 
West Virginia Lottery revenues have dropped off in recent years as new border state casinos have drawn customers from the state's panhandle casinos, the newspaper reports.
 
Musgrave said West Virginia has led the way in offering new forms of gambling such as racetrack video lottery and table games, but that the gambling industry and other states are moving rapidly into online gambling products, something that West Virginia leaders have yet to do.
 
"We're a little bit behind right now," Musgrave said. "There's really going to be a shift in the way that we do business, and we've got to participate in that."
 
The state lottery director said that lottery officials across the United States believe there are billions of dollars being lost to offshore gambling companies each year.
 
He claimed that such offshore companies are operating with little regulation or security, and that individual states should take it upon themselves to ensure that secure, regulated options are available domestically.
 
Lottery finance director Dean Patrick said lottery revenues are running 15.9 percent ahead of forecasts for the current fiscal year. Since July 1, 2012 the Lottery has brought in $765.9 million, well ahead of forecasts of $660.8 million, he revealed.
 
In related news, the online poker information site Legal Poker Sites reports that Vermont lawmakers could be preparing the ground for intrastate online gambling with the filing of House Bill 186.
 
The bill, filed by Democratic Party Rep. Clem Bissonnette, proposes the creation of a Vermont Gaming Commission to regulate live gaming in the state, which would include poker halls.
 
However, Legal Poker Sites speculates that although the bill is land gaming-focused, it could be a useful vehicle in any future move towards online poker or gambling.
 
H186 is currently is currently on the agenda of the House committee for General, Housing and Military Affairs.

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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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