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PPA REMINDS SEN. KYL OF UIGEA IMPERFECTIONS

Las week's report in the Las Vegas Review-Journal (see previous InfoPowa report) that Senator Jon Kyl was growing impatient with the protracted drafting process on regulations to support the Unlawful Internet Gambling Enforcement Act elicited a tart response this week from the Poker Players Association.
 
The Las Vegas director of the PPA, Ken Illgen minced no words in his letter to the LVRJ editor, saying: "Frankly, the confusion regulators are dealing with as they develop the regulations to enforce the law is a direct result of how this Bodog Life Pokeract was written and sneaked into a must-pass port security bill in the dead of night, allowing no time for review and debate."
 
Illgen goes on to point out that one of the most egregious flaws in the bill is that it does not define "unlawful Internet gambling" clearly - something that the legislators trying to make Internet gambling unlawful should have included.
 
"This law is clearly unworkable, as regulators, bankers and several members of Nevada's congressional delegation have publicly stated," Illgen concludes. "To truly place checks and balances on Internet gambling, Congress should look to existing legislation that would seek to regulate online gambling in order to protect children and problem gamblers and collect the billions of dollars in lost tax revenue from these transactions.
 
"Let's not blame regulators for struggling to enact this flawed and ambiguous bill, and [instead] start looking for workable solutions to truly regulate this growing online industry

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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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