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Florida Report On Internet Gambling

1/14/10 - The Florida state legislature's Office of Program Policy & Government Analysis (OPPAGA) has announced that it is to present its final review of online gambling regulation pros and cons to the state Senate Regulated Industries Committee on the late afternoon of January 19th.
 
The presentation follows OPPAGA research and deliberations late last year which are commonly believed to have been prompted by Florida's need to close budgetry gaps.
 
In October and November last year Florida House legislators studied the contents of the review, which presents politicians with options and contingent advantages and disadvantages.

 In the event that the state government prefers to take the lead from federal lawmakers instead of adopting an individual state approach to the legalisation of Internet gambling in general or poker in particular, then nothing need be done to change the present status quo. But the downside is that such a course could see the state presented with a federal solution that would not meet or suit state priorities.
 
In the event that a decision is taken to actively prevent online gambling, then there are difficult and expensive law enforcement considerations, quite apart from opposition from voters who may view online gambling as desirable.

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Legalising online poker within the state has the advantage of regulatory control over the activity and the generation of tax revenues desperately needed to shore up the state finances. In this context it will be interesting to see whether the review has a better grasp of the financial benefits than it's previously stated: "...at this time no objective estimates exist to assess potential state revenues."
 
That statement last year created some waves, coming on the heels of an educated estimate by the Poker Voters of America organisation of $90 million a year from legalised online poker alone. 

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Gambling News :

Interwetten 2016 Earnings Results - Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform

EU Online Gambling Tax Harmoney Dead - Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.

Jack Lam Facing Big Fines in the Philippines - It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.

Walter Merricks Term As Gambing Commissioner Extended - The UK Government has extended Walter Merricks’ term as Commissioner of the Gambling Commission for a further year, ending December 31, 2017.

Loot’enKhamun Pays $3.8 Million Jackpot - A London-based construction worker’s year got off to a great start when he hit the Loot’enKhamun jackpot at bwin casino.

PlaySugarHouse To Carry Konami Content - Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.

ITF TERMINATES BETWAY SPONSORSHIP DEAL - The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.

GSA To Launch European division - The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.

Paddy Power Trading Update - Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.

Tabcorp SunBets project - The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.

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