Archive | Regulations

Lobbying for Restoration of the Wire Act Intensifies

Lobbying For Restoration Of The Wire Act Intensifies

In their ongoing efforts to restore the Wire Act, and once again make state regulated online gambling illegal—Sens. Lindsey Graham (R-S.C.) and Marco Rubio (R-Fla) introduced an accompanying bill to RAWA (S. 1668). The unlikely advocate, Las Vegas Sands Chairman Sheldon Adelson is still one of the bills most passionate vocal and financial supporters.

The National Association of Convenience Store’s (NACS) has hired the lobbying firm that chiefly wrote the RAWA. Currently, convenience stores monopolize the lottery ticket market, meaning that the more states that allow lottery tickets to be sold online, the more money they stand to lose.

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Mississippi Lays the Smack Down on Online Gaming

Mississippi Lays the Smack Down on Online GamingMississippi 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.
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Senator Reid Supports Banning Online Gaming

Senator Reid Supports Banning Online GamingAccording 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.

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UNLV to Open Center to Teach/Research Gaming Laws/Regulations

UNLV to Open Center to Teach Research Gaming Laws RegulationsAs 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.

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Amaya Gaming’s Quebec Offices Raided, But No Wrongdoing Alleged

Amaya Gaming’s Quebec Offices Raided, But No Wrongdoing AllegedOn 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.

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A ‘Fine’ First (But Minor) Mess for Online Gambling in New Jersey

A 'Fine' First (But Minor) Mess for Online Gambling in New JerseyThe 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.

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What Effect Will Midterm Elections Have Regulated Online Gambling

What Effect Will Midterm Elections Have Regulated Online GamblingRegulated 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.

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Long Awaited Online, Mobile Gambling Legislation on the Horizon in Mexico

Long Awaited Online, Mobile Gambling Legislation on the Horizon in MexicoThe 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.

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New York Wants to Play with the Other Online Gamblers

New York Wants to Play with the Other Online GamblersRecently MGM launched a campaign called, “Let NY Play!” New York would like to be one of the next states to be allowed to legally supply online gambling.

Starting back in September this campaign was mainly pushed via social media giants Facebook and Twitter.

“The group first appeared in early September on Facebook, and late September on Twitter, posting infographics with fairly simple messaging focusing on the availability of online poker and the consumer protections regulated iGaming can provide: My Cousin in Jersey City can play this hand, why can’t I? When you play online poker you shouldn’t have to bet your computer’s safety. You can get almost anything online, except a spot at a poker table,” Bluff.com reports.

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Gambling Licensing and Advertising Act Now Delayed Until At Least November 1st

Urban traffic congestion sign saying Expect DelaysThe Gambling Licensing and Advertising Act was set to commence in the UK on October 1st, but the UK Gambling Commission (UKGC) has had to delay legislation due to an accusation from the Gibraltar Betting and Gaming Commission (GBGC).

Gibraltar is challenging the UKGC, claiming that the new legislation is not being put in place for consumer protection but only as a way to generate additional revenue.

On top of the initial £19,500 online casinos must pay for their new license, they must also pay an annual fee of £118,000. In addition, they will be subject to a 15% Point of Consumption tax.

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