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Questions asked about clause in US online gambling legislative proposals
Online gambling executives and industry observers alike are asking whether a specific clause contained in two legislative proposals aimed at legalising Internet poker and gambling in the USA are signalling a protectionist intent on the part of future US regulators.
Online gambling legalisation proposals by Senator Robert Menendez (online poker) and Congressman Barney Frank (online gambling) both contain the potentially discriminatory clause, which allows the US Treasury to reject applicants who have failed to file "...a federal or state tax return…owed to a jurisdiction in which the applicant operates or does business.”
Opinions are split on the implications of the clause; some feel that it is a clear indication that any legalisation in the United States will result in only American operators getting the lcensing green light, whilst others feel that the inclusion is a political ploy designed to appease possible opponents of the proposals. Others still point out that there are a number of ways that companies outside the United States could structure a US presence that would pass muster.
Major non-US operators have different views, too. Gigi Levy, CEO of 888.com is on record as saying that any US legalisation will restrict licenses to American companies. Party Gaming, which recently cleaned its US pre-UIGEA slate with a massive "settlement" payment to the US authorities, appears to think otherwise and has revealed that it intends to continue US lobbying efforts.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
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.
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