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Minnesota regulators approved guidelines For On Premisis Gambling

Tuesday July 17 2012 : 'ON PREMISES' ELECTRONIC GAMING MOOTED IN MINNESOTA
 
Revenues could help finances on new Vikings stadium
 
On Monday Minnesota regulators approved guidelines for new electronic "on premises" gambling devices that could provide revenue to assist finances on the new Vikings stadium, according to a report from the Associated Press news agency.
 
The state Gambling Control Board voted unanimously for the standards, resisting calls from the charitable gambling industry to slow the rollout until more is known about how the hand-held devices will work on implementation, which could be as early as the fall of 2012.
 
Minnesota lawmakers have approved the new initiative to widely offer electronic pull-tabs and linked bingo, where players in multiple locations vie for a common pot of money. The state expects tax revenues from traditional pull-tabs and bingo to more than double, from $37 million to almost $95 million, when the electronic games are fully operational, enabling assistance on state borrowing of the nearly $1 billion for the Vikings stadium.
 
Gambling board executive director Tom Barrett, told Associated Press that he's heard from at least a dozen manufacturers vying for a share of the Minnesota market. Many, he said, wanted to know what the standards were before pressing ahead.
 
The Board's standards cover everything from what types of animation can be used to alert winners, to the sophisticated encryption technology that must be incorporated in the system.
 
On Monday the board approved the licence of the first potential game maker, Las Vegas-based Acres 4.0., which is aiming to have pull-tab games on iPads ready for use in Minnesota soon.
 
Company founder John Acres said his firm is prepared to outfit up to 10,000 devices to ship to Minnesota within six months and he's planning to install a computer server in the state next month to comply with state requirements that servers must be based in Minnesota.
 
Acres said: "We have to start. We have to presume there is a desire to go forward. I'm happy to put the server in in August even if it takes until November or December to be deployed. Our hope is we can have everything done and running in September."
 
The board voted to allow agency staff to consider writing the standards as formal rules later on, a process that allows for more public comment and puts the requirements on firmer legal footing.

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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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