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Florida Online Gambling Bill
3/2/10 - Beating his federal political colleagues to the punch late last week, Florida Representative Joseph Abruzzo introduced a bill titled the Internet Poker Consumer Protection and Revenue Generation Act of 2010.
Florida has been examining the issue of online gambling, specifically poker, for some months (see previous InfoPowa reports) as a state body prepared a report for the legislature, but Abruzzo appears to have taken the initiative in an attempt to get the ball rolling and short-circuit the implementation of the UIGEA regulations scheduled for June 1st this year.
Abruzzo's legislative proposal suggests a fully regulated system of online gambling in the state, relying on a provision in the Unlawful Internet Gambling Enforcement Act of 2006 that acknowledges and retains the right of individual states to legalise online gambling within their boundaries.
The new bill proposes strict regulatory measures with which operators will have to comply. These include rigorous licensing conditions and an application fee of $500 000 payable to the Pari-Mutuel Wagering Trust Fund of the Department of Business and Professional Regulations in Florida.
A $1 000 annual licence fee and tax provisions are also envisaged, along with strict operating requirements concerning vulnerable and underaged gamblers and precautions against the involvement of crime and the prevention of money laundering. Gamblers aged 21 years or over will only be accepted, and limits on time spent gambling and amount wagered are planned. The software used will have to be independently certified as fair.
Abruzzo proposes a tax rate of 20 percent on gross win, payable on a monthly basis by operators.
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Gambling News :
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
Team Hot Launches -
#teamhot The Philippines licensed and GGNetwork-powered online poker operator Natural8 has announced the appointment to its "Team Hot" professional player line-up of Asian poker aces Kitty Kuo, Xuan Liu and Dong Kim.
Netent Q3-2016 Earnings Report -
#netent The UK continues to be an important growth driver but the weaker pound had an estimated negative effect of about three percentage points on revenue growth compared to the same quarter last year.
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