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State lottery will be at the centre of any legalisation of internet poker
The state of Illinois has made surprisingly fast progress on an internet poker legalisation proposal submitted earlier this month by Senate President John Cullerton.
Local media report that the lawmakers are already on a third amendment to House Bill 4148, which seeks to set up on intrastate online poker platform regulated and controlled by the state lottery but licensed out to state land casinos and racetracks....for a hefty $5 million licensing fee.
Lawmakers are working on estimates of $105 million in online poker licensing revenues, which the state will share with its licensees. In addition to setting standards and requirements and licensing operators, the state would take responsibility for player financial transactions as things stand at present.
Although the current business model is based on an intrastate regime, the legislation does have provision that would permit inter-state compacts with like-minded states.
Third party vendors offering technology products such as geo-location and ID verification would have to pass stringent assessment.
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Gambling News :
Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
Singapore Online Gambling Ban Begins -
Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.
Pennsylvania Online Gambling Updates -
Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.
WSOPE In Czech Republic -
World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.
BtoBet Partners with AfroBet -
Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.
Pissed off Tabcorp shareholders -
A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.
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