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Examining The New Pennsylvania Online Gambling Bill
Friday June 12,2015 : NEW PENNSYLVANIAN ONLINE GAMBLING BILL EXAMINED (Update)
There will have to be changes if operators are to enjoy success.
The latest online gambling legalisation bill to hit the Pennsylvanian Legislature, SB900, is admittedly still subject to debate and amendment, but changes will be needed before it can be regarded as presenting commercially viable prospects for operators.
Industry writer John Mehaffey examined the current provisions of the measure in the publication Online Poker Report this week and outlined specific problem areas in the online gambling legalisation section that will need to be addressed:
* The proposed 54 percent tax rate on GGR will, as a number of land industry executives have already warned, make the nascent internet business unworkable in terms of profit. The rate is far in excess of that levied in other online gambling states like Nevada and New Jersey (6.75 percent and 17.5 percent respectively) and these indirectly affect the quality of marketing and promotions to players that operators can viably offer.
* In addition to the high tax rate the proposed $10 million licensing fee makes recovery difficult in a market the size of Pennsylvania, even over a five year licensing period, and may deter applicants.
* Limiting licensing to one licence per existing land casino will restrict the market and make branding, audience targeting and partnerships with experienced online gambling companies problematic.
* In-person registration at the licence-holder's physical location could discourage sign-ups for a variety of reasons, and drive punters to unlicensed websites, denying the licensed operator business and the state its tax revenues.
* Excluding Category 3 operators from the nascent online gambling industry restricts competition and reduces the chances of maintaining the present positive consensus among interested parties in Pennsylvania. It could also create problems for Cat 3 operators (resorts that restrict casino activity to guests and members) who have already reached agreements with experienced online gambling firms in anticipation of legalisation.
Mehaffey points out that it is not too late to address these potential problems and produce a practical measure that everyone can support. The alternative could be defeat in the Legislature and the start of years of disagreement as has been the case in California.
Read Mehaffey's well-reasoned and calculated op-ed here:
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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