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Findings From Delaware Gambling Committee

Tuesday March 12 ,2014 :  DELAWARE GAMBLING COMMITTEE SUBMITS FINDINGS (Update)
 
Changes to enable land casinos to be more competitive could cost Delaware $20 million a year.
 
The commission appointed by the Delaware legislature to investigate ways to make the state's land casino industry more competitive in the face of mounting activity in neighbouring Pennsylvania and Maryland met Tuesday and agreed on recommendations to be given to state lawmakers.
 
The recommendations could cost state coffers up to $20 million a year in tax losses.
 
Panel members voted 7-to-2 to approve the recommendations, which included:
 
*That the state should split 75 percent of the costs for slot machine vendors and fees with Delaware's three casinos, rather than insist that the casinos continue to pay the full amount. If that took effect on July 1 this year, it will cost the state $9.9 million in the next fiscal year;
 
* The elimination of the annual $3 million table games fee paid by the casinos effective July 1, 2015;
 
* A reduction in the state's share of table game revenue from 29.4 percent to 15 percent, at an estimated annual cost of $7.2 million;
 
* There should be an update of a 2004 study of Delaware's equine industry to determine the current economic impact on the horse racing industry. The study is expected to cost less than $100,000.
 
* $3 million in unspent funds from an $8 million financial bailout extended to the casinos last year to be used to pay for economic development initiatives, preferably related to the gambling industry.
 
The recommendations, which are supported by Democratic Gov. Jack Markell, will be submitted to the General Assembly for lawmakers to consider.
 
House Majority Leader Valerie Longhurst, said: "It doesn't necessarily mean this will be the final outcome.... I think it's a good starting point."
 
Representatives Charles Potter and Alan Levin cast the two opposing votes, voicing concerns about the cost.
 
Levin has earlier proposed changes that would have cost the state $14.9 million a year, combining the table game cuts with $2.5 million in incentives for casinos for marketing and renovations, and a reduction in the online gaming tax to a flat 25 percent for all games.
 
The subject of online gambling was not specifically discussed.



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Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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