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MCDERMOTT BILL ATTRACTS NEVADA OPPOSITION

Rep. Jim McDermott's Human Resources Act of 2008 (H.R. 6501) launched earlier this week  has already attracted opposition from Nevada politicians despite offering the opportunity for the state to garner up to $336 million in Internet gambling taxes in the future, reports the Las Vegas Review-Journal.
 
McDermott quoted statistics from PricewaterhouseCoopers that suggest that his proposed legislation could raise up to $40 billion for U.S. states over the next decade, with tax receipts used to fund job training for the indigent and educational assistance for foster care youth. HR6501 was described as a revision of legislation introduced last year by McDermott to tax Internet gambling companies if they are licensed and regulated by the Department of Treasury.
 
"The gamblers want it; the poker players want it because they want a system in the United States, run in the United States, governed by our laws rather than floating out there in the world of the Internet," McDermott said.
 
The Review-Journal reports that Nevada lawmakers and lobbyists have given McDermott's bill the cold shoulder, however.
 
Rep. Jon Porter, (R-Nev.), issued a statement saying the bill would set "a harmful precedent" and described it as "a frivolous attack on the gaming community to pay for services that local governments, states and the federal government should already be providing." Porter has previously introduced measures calling for a study on online gambling legalisation.
 
Rep. Shelley Berkley, (D-Nev.), who has called for a one-year study of Internet gambling by the National Research Council of the National Academy of Sciences, called McDermott's new bill "a classic case of putting the cart before the horse."
 
The American Gaming Association, which represents Nevada land casinos and is neutral on Internet gambling, said McDermott's bill "would seem to be at odds with one of the core principles of the AGA, which is to protect states' rights to individually tax and regulate gambling." The AGA reiterated its support for Berkley's study bill.
 
McDermott scoffed at the notion of a study of Internet gambling.
 
"My experience has been that, generally, studies are a way of wasting a year," McDermott said. "We need the money. We know what the issue is."
 
McDermott describes his legislation as supplementary to a bill by Rep. Barney Frank, D-Mass., that would overturn a ban on Internet gambling and require the Treasury Department to regulate online betting.
 
"Without his bill, my bill doesn't go anywhere," McDermott said.
 
Although he acknowledged his bill is unlikely to pass Congress this year, McDermott said he plans to re-introduce it in 2009.
 
"Oh yeah, I'll be back on day one," he said.

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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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