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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 :
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.
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.
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.
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