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Online gambling provisions may be added to budget proposal
Taking many industry observers by surprise, the smallest US state, Rhode Island, appeared to be leaning toward online gambling legalisation Tuesday night with revisions to a more general gambling bill that included the consideration of legalised online gambling....subject to the federal government taking the lead by legalising the pastime first.
The bill was presented to a state House Finance Committee hearing, and may be added to a budget proposal due for voting later this week, according to local media reports.
The reports reveal that the owners of the Lincoln-based land gambling operation Twin Rivers are keen to offer online gambling in order to create fresh revenue streams, which could yield more tax dollars.
Committee Chairman Helio Melo told lawmakers the entire proposal may be offered up as an amendment to the $7.7-billion budget proposal scheduled for a House vote on Friday.
Lawmakers are apparently interested in what it might mean if the US Congress lifted the current restrictions on online gambling, and Twin River consequently offered the opportunity for gamblers in Rhode Island and beyond to gamble on its website.
Rep. Russell Jackson opined that the bill would potentially limit the online opportunity to the Twin River and Newport Grand operations, and he asked: “Why would we want to do that?”
Twin River executive Craig Eaton said the answer is complicated but, at this point, Twin River’s owners simply want to get “ahead of the curve,” by seeking voter approval for a form of gambling that may not ever be legalised.
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Mybet Earnings Struggle -
The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".
Tom Horn Awarded Malta Gaming License -
Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.
Calvin Ayre invests in new Antigua Business Center -
Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.
Attack of the Zombies Slot -
Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.
Why is FullFlush Poker Still Down -
Its now almost a month since Full Flush Poker went offline "for a platform upgrade" and stopped communicating with its reportedly many unpaid and unhappy players. All trace of the operator - and means to communicate with it - have vanished.
Time Running Our For Pennsylvanian online gambling -
Hopes that this week would see the Pennsylvanian Senate voting on an online gambling and DFS legalization bill already passed by the House four months ago dwindled Wednesday when no progress was made and the legislatures season officially closed.
Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
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