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ONLINE GAMBLING BE ON THE PENNSYLVANIA BUDGET AGENDA?

Monday January 27,2014 : WILL ONLINE GAMBLING BE ON THE PENNSYLVANIA BUDGET AGENDA?
 
Gambling expansion, including online gambling legalisation, may be debated again.
 
With budget debates likely over the next few months in Pennsylvania, local experts are expecting the expansion of gambling, possibly including the legalisation of internet gambling, to be on the agenda.
 
“Both measures could mean hundreds of millions in annual tax revenue at a time when the state is in the red. The administration says Pennsylvania could be facing at least a $1.2 billion budget gap for the fiscal year that begins July 1,” the publication explains.
 
However, opposition is expected to be strong, and one Representative, Republican Paul Clymer, has already introduced a bill seeking to ban online gambling legalisation in the state.
 
Philly.com claims that the most likely bet for expansion is keno, which many lawmakers believe should be controlled and operated by the state lottery. An informational hearing on keno is scheduled next week in the state Senate.
 
Senate Majority Leader Dominic Pileggi is on record as saying that there is little opposition to keno as a lottery game; over a dozen other states' lotteries offer the game, including Ohio, Maryland, and Delaware.
 
Online gambling could face much sterner opposition; last year the state Senate passed a resolution to have the legislature study whether the state should legalise and the likely effects this might have
 
That survey is due for presentation to the Legislative Budget and Finance Committee on May 1 this year, when budget negotiations begin intensifying.
 
It’s a complex issue with many decisions and choices that are sure to generate argument.
 
"There has been almost no discussion on the issue to date," Pileggi told Philly.com, adding that any measure seeking to change the gambling landscape so dramatically would require hearings and much public input.
 
"I don't think it is something that could be done quickly," he concluded.

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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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