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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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Gambling News :

Tain Fast Bet - Our readers will recall Tain recently increased the number of live events it covers each month to 23,000, covering both traditional markets such as football, tennis and US sports and the more obscure curling, biathlon and Water Polo.

Olympic Entertainment Group Mobile Gaming - In its full-year 2016 report, Olympic Entertainment Group (OEG) has informed the establishment of a Malta-based company registered to facilitate its intended expansion into remote gambling.

Circus Evolution HD Slot - Malta-based content provider World Match has released its first title of 2017, “Circus Evolution HD”, a 5-reel, 3-row, circus-themed adventure offering Free Spins, Wilds and a Bonus Game.

Kindred Group Gets EU Recommendation on Consumer Protection - Kindred Group (formerly Unibet) has become the first operator to successfully meet the requirements of the EU Recommendation on Consumer Protection and Responsible Gambling following an external audit.

17 Crown people still detained - Reports from China over the weekend suggest that the 17 Crown people still detained could be looking at another twelve months of imprisonment as investigations into their alleged and still unspecified crimes drag on

SB1400 Virginia Poker Skill Game Bill - Her bill SB1400 is currently with the Senate General Laws and Technology Committee, whose 15 members will decide whether to progress it or condemn the Senator to another year of failure.

Pennsylvania Video Gaming Association - With the focus on Pennsylvania as the most likely next US state to legalize online gambling as part of a general gambling expansion measure, reporters noted this week the emergence of a new lobbying group in the state - the Pennsylvania Video Gaming Association.

Stiffer Problem Gambling Penalties in UK - The Guardian newspaper reports that the UK Gambling Commission plans to unveil new enforcement strategies on problem gambling and money laundering prevention this month, laying down tougher penalties for operators who fail to tackle these issues.

Malaysian police Destroy over 5000 Gambling Computers - Malaysian police in Kajang have destroyed 5,042 computer sets seized in online gambling raids over the past two years, explaining that the action is designed to take the machines out of circulation.

Spartan Poker vs SpartanPoker name War - Pokerguru, which owns the brand SpartanPoker.com, has threatened to sue the Indian Poker Championship over its use of the title Spartan Poker, and recently published a notification that it is not associated with the IPC version of the brand.

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