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NY Gambling Groups Spend 7.5 Million On Lobbying

Wednesday October 16,2013 : BIG BUCKS IN NEW YORK LAND CASINO LOBBYING
 
Gambling groups spent an average of $7.5 million a year manoeuvring for advantage in New York State alone.
 
Land gambling companies spent an average of $7.5 million a year on casino lobbying in New York State alone over the past eight years, according to a report in the New York Times.
 
The newspaper reported that between 2005 and 2013 land gambling groups poured a total of $59 million into efforts aimed at gaining permission for new casinos or influencing political decisions in the state legislature.
 
The Times quotes statistics published by Common Cause New York, a government watchdog group which analyses mandatory disclosures from companies lobbying in various interest areas.
 
New York is a hot business area at present as lawmakers consider expanding land gambling activities with the possible approval of up to seven new venues.
 
Lawmakers have agreed that if a referendum on the expansion is successful, they will initially permit four new casinos in three regions: the Catskills, the Southern Tier and the Albany area.
 
New York already has five Indian-run casinos, all upstate and electronic gambling at nine racetracks.
 
“Albany is extra skilled in creating opportunities for the gambling industry to throw money at it,” said Susan Lerner, executive director of Common Cause New York. “We’re talking buckets of money, consistently, over time, and very willing recipients.”

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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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