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Progress on Illinois Online Horse Race Betting
Friday May 24,2013 : PROGRESS ON ILLINOIS ONLINE HORSERACE BETTING
Illinois House committee breathes new life into expired legislation
Five months ago a restrictive, time limited law permitting online horse race betting in Illinois was allowed to expire, effectively halting any further development until now. This week an initiative to breathe new life into the legislation commenced with its introduction to a state House committee Thursday.
The bill quickly passed and is now on its way to the House floor for debate and a possible vote.
The Springfield Daily Herald reports that online betting on the ponies is a big money-maker for tracks like Arlington International Racecourse, where owner Churchill Downs also owns the TwinSpires online betting site, an online venue that previously did well taking internet bets in Illinois.
The newspaper reports that TwinSpires and another company, Xpressbet, were taking wagers even after the expiration date until state regulatory officials insisted they stop.
Despite these infringments, the resurrected legislation proposes that the two companies be allowed to keep their licenses provided they pay taxes on the money they made after the law expired.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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