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Iowa Thinks legal Gambling Bill Will pass
9/30/09 - In a briefing to Iowa state leadership, the chief executive of the state lottery, Terry Rich, has opined that HR2267, a bill authored by Representative Barney Frank to legalise online gambling in the USA could be passed as a federal law. Consequently, it was important that Iowa should keep its options open and develop plans to "protect its borders" while Internet gambling legislation is being debated in Congress, he said.
Rich briefed the Iowa Lottery Board on the Frank bill, saying: "Based upon what we are seeing, I think that the federal government may pass something. Obviously, our job as employees of the state...is to make sure that our elected officials know that if it does pass, what impact it might have for the state," Rich said.
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The lotteries executive pointed out that legislation could include provisions authorising the federal government to regulate and tax Internet gambling in Iowa if the state's elected officials don't take action within a specified time frame. It was therefore important that state officials ensured the protection of state rights to either reject or approve Internet gambling, and to impose taxes.
"The decision may be to do something, do nothing; but to at least have control so that if you do something in the state of Iowa that the state legislature and the governor decides what it should be," Rich said.
The lottery official said he has been briefing Governor Chet Culver's staff and the Iowa Legislature's Government Oversight Committee on the issue.
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Gambling News :
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.
Team Hot Launches -
#teamhot The Philippines licensed and GGNetwork-powered online poker operator Natural8 has announced the appointment to its "Team Hot" professional player line-up of Asian poker aces Kitty Kuo, Xuan Liu and Dong Kim.
Netent Q3-2016 Earnings Report -
#netent The UK continues to be an important growth driver but the weaker pound had an estimated negative effect of about three percentage points on revenue growth compared to the same quarter last year.
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