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Another Attempt at Online Poker Legalisation

Saturday June 1, 2013 :  FEDERAL ONLINE POKER LEGALISATION DEFINITELY ON THE CARDS
 
King likely to sponsor new attempt in Congress soon, say aides
 
The growing industry speculation that Republican Congressman Peter King is about to launch another attempt at federal online poker legalisation in the US Congress was given impetus Saturday by a report from the Reuters news agency.
 
Quoting Congressional aides, the news agency said the proposal was designed to give brick and mortar casinos a larger (online) market in the face of increasing initiatives at state level, where individual states are preparing their own intrastate laws and considering interstate compacts.
 
"Online poker would generate $10 billion in added revenues by 2017 if allowed by federal statute, according to the American Gaming Association. About $4 billion is now being spent for illegal sites," Reuters reported.
 
The news agency reprises statements earlier this year by MGM Resorts financial chief Dan A'Arrigo that Nevada may be too small a market for the company to invest in an online poker room, pointing to the benefit of a federal solution which would enable states to interact if they wished.
 
However, Reuters warns that a federal legalisation bill will probably face opposition from state legislatures and lottery officials.
 
In addition to a bill from Congressman King, the Democratic Party Representative from Texas, Joe Barton, will also launch a bill, according to Congressional aides.
 
Reuters does not give details of either bill, other than to advise that states will have the choice to opt-out if they wish.

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Gambling News :

IGT Continues Partnership with Coljuegos EICE - IGT will continue its 16-year partnership with Colombian administrative gaming authority Coljuegos EICE following a public procurement process for a five-year private operator contract to run the draw-based online lottery game Baloto.

Magic Spells SLot Launches - The penny slots’ Wild symbol is a bubbling cauldron which is an Expanded Wild that can cover up to four positions for multiple winning combinations.

Mega Moolah progressive jackpot slot was hit for Euro 6,078,249.33 - Identified as N.C., the player was a novice who signed up to the online casino on a new customer bonus offering 100 chances to become a millionaire for Euro 5.

Lightning Box Games in Deal With Everi Games - Australian slot developer, Lightning Box Games, has entered into a distribution deal with electronic gaming content provider, Everi Games, for a selection of its proprietary slot content.

Storspiller HighRoller Casino Launches - Storspiller.com is targeted at “high rollers” within Kindred’s total registered customer base who play for GBP 200 or more per month.

Another Attempt to Acquire Tatts - The surprise A$8.4 billion bid for Tatts late last year by the Pacific Consortium caused some consternation in the Tabcorp and Tatts boards, which were in merger talks but these concerns faded following Tatts rebuff of the consortium's offer

US Supreme Court Interested in NJ SportsBetting Case - The US Supreme Court, which is for the second year mulling whether to hear New Jersey's case for wider legalized sports betting in the United States ) has showed some interest in the case.

Ladbrokes Trading Update - The Ladbrokes Coral plc online and land gambling group has released a trading statement for the unaudited year to 31 December 2016, reporting:

Leovegas Player Wins a BMW X4 - A 23-year-old Southampton University student identified only as Leo has won a GBP 50,000 BMW X4 sports saloon car playing NetEnt's Live Casino Roulette on the Leo Vegas mobile gambling,site.

New Survey on Europe Online Gambling Regulations - The companies delivered their conclusions, which include both EU and European Economic Area technical regulations, this week.

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