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Online Gambling a Possibility in Iowa

2/19/10 - The House State Government Committee in Iowa may conduct a hearing as early as next week on a proposal to legalise and regulate online sports betting and perhaps other forms of e-gaming, according to a report from the Sioux City Journal.
 
Democrat Representative Brian Quirk, who is part of a seven-member bipartisan gambling working group, told the newspaper that the proposal may expand the sports betting language approved by a Senate committee to include legalised betting on collegiate sports - except Iowa colleges. 
 
However, opponents of the expansion say that legalised sports betting is dependent on changes in federal law and will encounter strong opposition from State Government Committee Chairwoman Mary Mascher, who has threatened to delete such proposals from any gaming bill that comes to the committee.
 
Quirk told the newspaper this week: "The time for debating whether Iowa is a gambling state is long past. Either we're a gambling state or we're not, and with 17 [land] casinos I'd say we're a gambling state."
 
Republican Representative Jeff Kauffman, is a staunch opponent of gambling expansion and said that the proposal faces stiff opposition, and that it was unlikely that legislators who have consistently voted against gambling expansion will change their position. However, he felt that state budgetry problems may persuade lawmakers to at least consider the proposal.
 
"It's policy versus need and that's a juggling act every legislator here will have to deal with," Kauffman said.
 
Quirk pointed out that an estimated 80 000 Iowans already play online poker, and that under the provision, Iowans could open an account at a appropriately licensed land casino, perhaps with a $50 limit, receive a password and play poker from their home computers as long as they had money in their accounts. They would have to return to the casino to put more money into their accounts and to collect winnings.
 
The scheme is reminscent of the Playway system introduced at Foxwoods several years ago, but could ensure compliance with federal laws against online gambling financial transactions with offshore companies.
 
Other changes envisaged include allowing major poker tournaments at existing casinos and a code change to allow casinos to profit from out-of-state pari-mutuel betting on races run at Iowa dog and horse tracks.

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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