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NEW FLORIDA GOVERNOR SPEAKS ON GAMBLING

Posted 1/8/11 : Scott plays cards close to his chest in press conference
 
Reporters were trying to figure out the position on gambling expansion of Florida's new Republican governor Rick Scott this week, but it wasn't an easy task.
 
In a brief press conference covering several other issues, the governor was asked whether his earlier meeting with Las Vegas Sands owner Sheldon Adelson heralded an expansion of gambling in the state.
 
Florida media had speculated that the new incumbent may be amenable to permitting new land casino resorts after the meeting, which took place following his election, when Scott reportedly travelled in his own executive jet to talk with Adelson.
 
"I don't know why anybody would say that," Scott said. "I've not taken any position other than the position I've already said."  But, he also said he didn't want the state to "become very largely dependent on gaming for revenue", noting that Florida already allows gambling.
 
"I'm fine with what they are doing," Scott said. "I've not taken any position I want to expand gaming or make any changes."
 
A report from Associated Press claims that Florida runs a state lottery, and has a compact with the Seminole Indians which gives state coffers a cut from gambling action at tribal casinos. The state also permits betting at horse and dog tracks and jai alai frontons, and those pari-mutuel facilities also are allowed poker rooms, with some having slot machines.
 
AP adds that Las Vegas Sands has been pushing Florida to lift its ban on casino gambling, and Adelson has said he's willing to invest up to $3 billion on a Miami project.  There is speculation that the Florida Legislature may see proposals this year to permit up to five land casinos in the state, regulated by a state control commission.
 
There is also an intrastate bill to legalise and regulate online poker on the legislative table.
 
Originally filed by Representative Joseph Abruzzo last March, HB77, the Internet Poker Consumer Protection and Revenue Generation Act of 2011 was re-introduced in the House - again by Abruzzo - on December 16 2010, with a proposed effective date of July 1 2011.
 
The bill has comprehensive provisions against money laundering, and underage and problem gambling, and exploits a provision in the UIGEA that allows individual states to retain autonomy in controlling gambling legislation.
 
HB77 allows for Internet hub operators to run intrastate online poker sites, with the state controlling operator licenses and administering stringent regulations.
 
Operators will have to have a business licence in Florida, and preferably in one or more US states. And operators credibly licensed in other nations would be considered with strict pre-conditions.
 
A steep application fee of $500 000 is envisaged, payable to the state's Pari-Mutuel Wagering Trust Fund of the Department of Business and Professional Regulations. There is additionally a $1 000 annual licence fee for successful applicants....and of course state taxes.
 
Operational restrictions include an minimum age limit of 21 years for players, and operators will have to satisfy the regulator that the software and games on offer are fair and consistent.
 
The preamble to the latest filing of the Abruzzo bill reads: "Internet Poker: Creates the Internet Poker Consumer Protection & Revenue Generation Act of 2011"; provides for intrastate Internet poker to be provided to public by cardroom operators through state Internet poker network operated by Internet poker hub operators; provides for licensure, administration, and regulation by Division of Pari-mutuel Wagering of DBPR.
Effective Date: July 1, 2011"

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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