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New DFS Bill in Pennsylvania HB2150
NEW DAILY FANTASY SPORTS BILL INTRODUCED IN PENNSYLVANIA.
Rep. George Dunbars HB2150 races against time as July 1 legislative deadline looms.
Pennsylvanian lawmakers are faced with a renewed daily fantasy sports legalisation proposal this week following the resurrection by Rep. George Dunbar of his Fantasy Sports Consumer Protection Act HB2150 which failed to gain traction last year.
The updated bill has been scheduled for debate in the state House Gaming Oversight Committee on June 15, but will be under pressure due to a legislative deadline that comes into effect on July 1.
Importantly, the bill does not include a requirement that DFS operators must partner with existing Pennsylvanian land betting operators in order to secure licensing, despite the recommendations earlier this year by the Pennsylvania Gaming Control Board.
However, it does cater for land operators, allowing them discretion on age limitation (as long as the minimum of 18 years is maintained) and the installation of fantasy contest terminals on-premises.
The Dunbar bill also proposes a licensing fee of 7.5 percent of GGR accrued from Pennsylvanian players, or $50,000, whichever is lower, and a 5 percent quarterly tax on GGR.
It has provisions now familiar to DFS followers that include an age restriction of 18 years, a ban on competitions involving college sporting events and restrictions on DFS employees engaging in contests.
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Macau ATM Transaction Limit Lowered -
The Monetary Authority of Macau moved quickly Friday to quell market concern caused by a newspaper report late Thursday that it was about to slash ATM limits in half .
Vegas Mobile Casino Gets Live Dealer Games -
Vegas Mobile Casino has partnered with Swedish online gambling game developer NetEnt, which has supplied a new live dealer offering that includes desktop Blackjack and desktop and mobile Roulette.
Cosmic Crystals SLot Launches -
1X2 Gaming's latest online slot titled Cosmic Crystals is a 5 reel, 50 pay-line game with a futuristic outer space feel, gems galore, and features that include a sticky Wild reel, re-triggering Free Spins, Scatters and a claimed 95 percent RTP.
Australian Open To Dunp Gambling Ads -
Court-side advertisements, which have been criticized as promoting gambling and thereby contributing indirectly to the specter of match-fixing, are to be discontinued in 2017 from the Australian Open tennis championships, Tennis Australia has confirmed.
BaFin CrackDown on Spread Betting -
The UK Financial Conduct Authority's crackdown on financial and stocks spread betting via contracts for difference has been followed by similar moves in Germany, where the financial regulator BaFin announced similar new restrictions Thursday.
How is the CDC Group Spending its Money -
Questions are being asked about how the UK government's private equity arm, the CDC Group plc (formerly the Commonwealth Development Corporation) spends the billions it is allocated to alleviate international poverty, The Guardian newspaper reported Friday.
Voodoo Slot Released -
The Prague-based online gambling games developer Endorphina is going against the trend of Christmassy-themed offerings at this time of the year, instead going for the popular horror genre in its new slot Voodoo, released to operators today (Friday).
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