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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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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.
China Lottery Sales Up in 2016 -
The Chinese official news agency Xinghua reports that according to figures from the Ministry of Finance released Monday, Chinese lottery sales in 2016 rose 7.3 percent year-on-year to 394.64 billion yuan (about US$57.53 billion).
New chairman and a new director for 500.com -
Chinese online lottery operator 500.com has announced major executive changes to the company with the apparently amicable departure of director and chairman Man San Law, as well as director Weiguo Zhao from its board of directors, effective January 20, 2017.
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