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KEEPING ONLINE GAMBLING IN THE U.S. SPOTLIGHT
In a bold new legislative move in the United States, Rep. Jim McDermott (D-Wash.) has introduced legislation that proposes that a potential $40 billion over the next 10 years be spent on job training for the indigent and educational assistance for foster care youth. The legislation, "Investing in our Human Resources Act of 2008 (H.R. 6501)", would be funded through new revenue generated by regulating and licensing Internet gambling activities.
"We have an ideal opportunity to invest billions of dollars in American workers and our struggling economy without increasing the federal deficit," said Rep. McDermott. "IHRA would utilize a funding stream that would become available should Congress decide to legalize and regulate internet gambling, which would protect consumers and collect tax revenue that is currently offshore."
A provision in the legislation also encourages responsible Internet gambling behavior and an awareness of unsafe practices, something which has been praised by problem gambling advocates.
"I believe that the McDermott bill could be a positive step to help raise awareness about the dangers of unsafe gambling practices and the availability of addiction treatment," stated the Executive Director of the National Council on Problem Gambling Keith Whyte.
In a sign that the legislation has support from key members of the Democratic Congressional leadership, Reps. George Miller (D-Calif.) and John B. Larson (D-Conn.) are original co-sponsors of the legislation. Rep. Miller is a member of the Democratic Leadership and chairman of the House Democratic Policy Committee. Rep. Larson serves as vice chair of the Democratic Caucus and assists in organizing and running the Democratic Caucus.
Introduction of IHRA demonstrates the growing support in Congress to regulate Internet gambling, says the pressure group Safe and Secure Internet Gambling Initiative. Jeffrey Sandman, spokesman for the organisation said: "We need to change the current path, where the prohibition of Internet gambling allows for billions of dollars to be lost in an underground, uncontrolled marketplace ripe for criminal exploitation."
Revenues from regulated Internet gambling are estimated to be between $8.7 billion and $42.8 billion over 10 years, according to a recent tax revenue analysis prepared by PricewaterhouseCoopers. Through IHRA, these taxes would be allocated annually to each state through a new Transitional Assistance Trust Fund. A state would be entitled to receive its allotment based on a percentage of the total population.
McDermott's new initiative follows an earlier proposal - H.R. 5523 - relating to online gambling taxation that was widely seen as a companion and supporting bill for Congressman Barney Frank's Internet Gambling Regulation and Enforcement Act, which proposes a regulatory and licensing regime for online gambling in the United States and has 48 sponsors in Congress
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
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