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$500,000 license fee and 36 percent tax rate For Pennsylvania Online Poker
Tuesday June 02,2015 : MORE DETAIL NOW AVAILABLE ON NEW PENNSYLVANIA POKER BILL
$500,000 license fee and 36 percent tax rate. Pennsylvanian Senator Sean Wiley's draft proposal on gambling includes provisions for the regulation and licensing of online gambling, more details on which have become available this week.
Wiley is focused on internet poker, and online casino gaming is excluded from his legalisation drive, which envisages fully regulated and licensed online poker available to state punters by the beginning of 2017.
Licensing would be restricted to existing land casino companies licensed in Pennsylvania and prepared to cough up a $500,000 licence fee and taxes at 36 percent of GGR.
Wiley proposes that the state revenues raised from online gambling be allocated to the state racing industry (2 percent per annum), a Casino Reinvestment Grant Fund which has still to be created ($10 million a year) and the remainder to facilitate a school property tax freeze for senior citizens Wiley's draft bill also contains wide-ranging amendments to the state law regarding land gambling and casinos, one of them a proposal to freeze further land casino licence awards in order to review the market.
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Gambling News :
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
Team Hot Launches -
#teamhot The Philippines licensed and GGNetwork-powered online poker operator Natural8 has announced the appointment to its "Team Hot" professional player line-up of Asian poker aces Kitty Kuo, Xuan Liu and Dong Kim.
Netent Q3-2016 Earnings Report -
#netent The UK continues to be an important growth driver but the weaker pound had an estimated negative effect of about three percentage points on revenue growth compared to the same quarter last year.
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