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ONLINE GAMBLING TAX BILL STILL STUCK IN COMMITTEE
But Representative McDermott is pushing to get his tax bill marked up
A Congressional bill that could raise billions of dollars in state and federal revenues through the taxation of a legalised online gambling environment in the United States remains stuck in committee, but author Representative Jim McDermott is pushing hard to get it marked up in time to get it to the House floor in this Congressional session.
The Internet Gambling Regulation and Tax Enforcement Act of 2010 is an important companion bill to Congressman Barney's Frank's HR2267 seeking to legalise online gambling in the United States.
It deals with the issue of taxing - and how to use those tax revenues - a legalised internet gambling market, which independent estimates predict will garner billions of dollars for government coffers over the next decade.
HR2267 has been debated, amended and voted forward from the House Financial Services Committee, but needs the support of an allied tax bill such as McDermott's.
However, McDermott's bill remains mired in the House Ways and Means Committee, bogged down by a slew of other legislative projects, and time is running out as distracted politicians eye the October break for campaigning in mid-term elections in November, and the closing months of the current Congress.
This week the National Journal reported that McDermott is pushing the Ways and Means chairman, Sander Levin, hard for a mark up on his bill in the hope that he can get it to the floor. It's an issue that will be closely watched by the industry.
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Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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