Mississippi didn’t miss a beat at handing online gambling its lunch.
According to CS Report, lawmakers in the state who wanted to user in an era of regulated online gaming for lottery and sports betting have effectively been rebuffed.
Chairman of the Mississippi House Gaming Committee, Rep. Richard Bennett created the Internet Gaming and Sports Betting Task Force to introduce a study regarding the financial, legal consideration and technical aspects of online gambling. The results from the study showed very little interest in poker and more favorable interest towards sports betting.
Posted in Gaming industry news, Legal, online gambling, Regulations
Government officials in Quebec have decided they have had their fill of illegal online gambling.
Illegal online gambling, the new mainstream for gamblers, has been taking a toll on Quebec’s legal online gambling and officials are attempting to say enough is enough.
To create this blacklist, Quebec is budgeting money to mainstream blocking of any ISP addresses that lead to online gambling sites outside the country. The budget, which is now available online, is thoroughly explained in its 600-page outline. Flushdraw.net provides a snippet of the budget explaining, “For the purpose of curbing illegal online gambling, amendments will be made to the Consumer Protection Act, the Act respecting the Régie des alcools, des courses et des jeux [the RACJ is the Quebec agency that regulates the province’s alcohol, lottery, publicity contests, gambling, racing, and combat sports industries] and the Act respecting [Loto-Québec] so that Internet service providers are not allowed to provide access to an online gaming and gambling website whose name is on a list of illegal sites drawn up by Loto-Québec.”
Posted in Casino industry, Gaming industry news, Legal
As everyone knows, things are getting dicey in casino paradise.
Now shareholder rights attorneys at Robbins Arroyo, LLP are investigating the proposed acquisition of Caesars Acquisition Co. by Caesars Entertainment Corp. Just before the holidays, the two companies made an announcement that they had signed a “definitive merger agreement.”
Under the terms of the agreement, Caesars Acquisition shareholders will receive $8.96 for each share of Caesars Acquisition common stock based on the December 19, 2014 closing price.
Posted in Casino industry, Gaming industry news, Legal
According to the Las-Vegas Review-Journal, Sen. Harry Reid said that Congress next year will take up legislation to outlaw Internet gambling, and he plans to support a ban while trying to gain an exemption for online poker.
“I think there will be efforts made to get rid of the Wire Act,” Reid is quoted in the report.
Billionaire casino owner, Sheldon Adelson, is an opponent of Internet wagering, and there was a failed effort to lobby House and Senate leaders to place a prohibition on online gambling into a year-end spending bill. But Adelson may still get what he wants in the end.
Posted in Announcements, News, online gambling, Online poker, Regulations
As casino entertainment and gaming in the digital age spread in popularity across the globe, laws and regulations have made the industry more complex. This is why a group of university officials and gaming industry professionals are creating a program at UNLV dedicated to gaming regulation, says Vegas Inc.
UNLV’s hotel college and law school are connecting to form the center that will be used to conduct research on how well different gaming regulations work and offer classes for industry professionals or new regulators with limited professional exposure to casinos to get themselves up to speed. It should be open by next academic school year with its own executive director.
Posted in Announcements, Casino industry, News, Regulations
On Wednesday, Federal Canadian police officers Canadian market regulators stormed Amaya Gaming’s Quebec offices in an apparent raid, the details of which remain under wraps at this hour.
What we do know is that there is an ongoing investigation into trading activity that transpired prior to Amaya’s massive acquisition of the parent company of PokerStars earlier this year for close to $5 billion.
Authorities also showed up at Canadian investment bank Canaccord Genuity, as well as Canadian insurance firm Manulife Financial, as part of the same investigation.
Posted in Announcements, Gaming industry news, News, online gambling, Regulations
Apple’s inaugural smartwatch hasn’t even been released to the public yet, but already some are wondering what — if any — industries may wish to limit the use of such devices in their facilities.
The most obvious business that may be concerned is the casino. Consequently, it isn’t yet clear if gaming facilities will restrict the use of highly intelligent wearables on the gaming floor, especially when they could conceivably be used in some instances to give players an unfair edge.
Posted in Announcements, Casino industry, News, Security
The New Jersey Division of Gaming has officially issued its first fine to an online gambling company. What makes this fine unique is that the Caesars Interactive casino self-reported their violation once they realized it had occurred.
According to NJ Poker Online the $10,000 fine is related to the casino sending emails to 250 people on the state’s self-exclusion list, over a 4 month period. The casino’s back end system caught the glitch, and Caesar’s stepped up to the plate and reported the violation.
Violations of this nature occur in many industries across the board, most often due to a computer glitch or unintentional oversight.
Posted in Announcements, Gaming industry news, News, Regulations
Regulated online gambling is a bipartisan topic that is both is both strongly supported and vehemently opposed by numerous political power players on each side of the aisle.
While online gambling did not make the ballot of last week’s elections, those elected into office are sure to play a vital role in the likelihood of regulated online gambling being passed in the 47 states where such activity is presently not legal.
As Online Poker Report noted, Massachusetts did have a measure on the ballot that supported land-based gambling expansion, which many feel is directly related to the future of online gambling becoming a larger topic of conversation.
Posted in online gambling, Regulations
The negotiations relating to new online gambling laws between Mexico’s National Action Party and the Party of the Democratic Revolution have been ongoing for the last several months.
While the goal was to have the new legislation sent to parliament by late September, the two parties have just come to an agreement.
The gambling legislation in question will create an entirely new framework for both live and online gambling, all of which is designed to decrease money laundering in the nation.
Posted in News, online gambling, Regulations