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Minnesota Lawmakers Concerned over Online Gambling

Thursday October 31,2013 : MINNESOTA LAWMAKERS CONCERNED OVER ONLINE GAMBLING EXPANSION
 
Reservations about state lottery's expansion into online games and ticket sales.
 
Minnesota state lawmakers interrogated state lottery officials Wednesday at a hearing of the House Commerce and Consumer Protection Committee on the broadening sales platforms used by the lottery.
 
Several legislators said they were concerned about the lottery's push into Internet ticket sales and games, and how much further virtual gambling might go, the local newspaper The Republic reports.
 
Lottery director Ed Van Petten said customers will soon be able to purchase popular scratch-off tickets via the Internet, and that the lottery also plans to expand sales of Powerball and Mega Millions tickets to more gas pump terminals and ATMs.
 
Van Petten said the lottery sees online gambling products as a way to cater to younger players and expose more people to the games. He said evidence doesn't support concerns that brick-and-mortar retailers will see their sales suffer as more games are available online.
 
"An online presence creates brand awareness in our product," Van Petten said.
 
Republican Rep. Greg Davids argued that the lottery was pushing too far too fast. He said more forms of gambling might only cause more problems tied to addiction, and he questioned whether the lottery had the authority to implement the games without explicit legislative approval.
 
"The way it looks to me is we have the lottery gone wild because they think they can do anything they want at any time they want," Davids said.
 
However, Van Petten assured the committee that his agency won't follow the example of other states and seek to become involved in casino-style online games, as was the case in New Jersey and Delaware.
 
He claimed that the lottery's online offerings merely match what customers can already buy in other forms, and added that there are safeguards in place to prevent problem gambling, such as wagering limits and player tracking.
 
Al Lund, executive director of Allied Charities of Minnesota, said he thinks the lottery should have to get the Legislature's approval before expanding its offerings or that charities be allowed to compete equally.
 
"Internet gaming very well might be the largest expansion of gaming ever in Minnesota," Lund said.
 
The Minnesota Lottery generates more than $500 million per year in total revenue, about 60 percent of which goes back via prizes. In fiscal year 2012, $124 million went to various state programs. The state Constitution requires at least 40 percent of net proceeds be deposited in a natural resources trust fund.

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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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