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Compliance Updates

Sports betting gets closer to becoming legal in Louisiana

Niji Ng

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Photo credits: http://ibexnews24.com
Reading Time: 2 minutes

In a major boost to betting companies, a Louisiana State Senate committee today agreed upon allowing sports betting at Louisiana gaming facilities provided the US Supreme Court rules to allow it across the country and voters agree.

Senator Danny Martiny remarked: “When the Supreme Court rules, I can assure you that Mississippi will be up and running in 30 to 45 days – if not sooner – and so will Arkansas.”

He said there was no verbal objection to the bill in the committee.

Senator Nobry Chabert says it could bring in big tax dollars and attract more tourism.

“This could be a huge positive impact on state fisc. on out of town revenue coming in.”

He insisted that with all of the big events that New Orleans hosts, those sports tourists would also spend money betting on games while in town.

The bill would allow sportsbook wagering in any facility that currently has video poker, para-mutual wagering, or casinos.

The Supreme Court is weighing a decision on whether or not to allow sports wagering in other states besides Nevada and New Jersey.

Martiny says he offered the legislation to try to chip away at the huge budget deficit and did not object to any of the amendments adding video poker outlets to participate.

The bill could end up in the Senate finance committee before heading to the full senate.

Meanwhile, another bill to allow online gambling in Louisiana was deferred after objections that it would kill casinos in the state.

Senator Gregory Tarver said it would hurt jobs and tax revenue if people can go to virtual casinos on their phones and computers.

“People are going to stay at home and do all the gambling, just like they do all of their shopping at home today.”

The measure could come back up after additional study on the issue.

Source: wwl.com

Niji has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. Besides reporting industry headlines from all around the globe, Niji is also head of the content management team at Impressions Content Management, based in Kerala, India, which offers writing and editing services to clients around the world.

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Compliance Updates

NetEnt granted permanent license by the New Jersey Division of Gaming Enforcement

George Miller

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NetEnt granted permanent license by the New Jersey Division of Gaming Enforcement
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NetEnt has been granted a permanent Casino Service Industry Enterprise license from the New Jersey Division of Gaming Enforcement (NJDGE). NetEnt has been operating in New Jersey since 2015 under a transactional waiver from the NJDGE.

 

NetEnt, through its subsidiary NetEnt Americas LLC, applied for a Casino Service Industry Enterprise license in the US state of New Jersey in 2015. In September 2015, NetEnt obtained a transactional waiver by the NJDGE, granting the right to supply online casino games in New Jersey while the full license application was being reviewed.

NetEnt today announces the grant of its first online gaming license in the US issued by the New Jersey Division of Gaming Enforcement (NJDGE).

“We are very pleased to obtain our first permanent online gaming license in the US. We have been present in New Jersey since 2015 and have supported the regulator throughout the licensing process. The license marks yet another step in our US expansion as we hope to enter additional states if and when they regulate online casino,“ says Erik Nyman, Managing Director, NetEnt Americas LLC.

 

About NetEnt:

NetEnt Americas LLC is a US subsidiary of NetEnt AB (publ), a leading digital entertainment company, providing premium gaming solutions to the world’s most successful online casino operators. Since its inception in 1996, NetEnt has been a true pioneer in driving the market with thrilling games powered by a cutting-edge platform. NetEnt is committed to helping customers stay ahead of the competition, is listed on NASDAQ Stockholm (NET–B) and employs 1,000 people in Malta, Stockholm, Kiev, Krakow, Gothenburg, Gibraltar and New Jersey. www.netent.com

 

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Central Europe

The Current Casino Legislation in Slovakia and What Will Change in 2019

George Miller

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The Current Casino Legislation in Slovakia and What Will Change in 2019
Photo Source: flickr.com
Reading Time: 2 minutes

 

Here at European Gaming, we like to keep on top of all the latest news when it comes to gambling laws in European countries. After all, there are plenty of changes happening on an almost weekly basis, with a surprising number of revisions coming from none other than Slovakia.

A Brief History of Gambling In Slovakia

Alongside a number of countries once part of the Soviet Union, Slovakia had upheld laws regulating and banning gambling for a number of decades. However, in 1992, this law was revised and allowed Slovakian online casino fans to play at iGaming platforms as long as they operated within the country.

Over the next twenty years, these sites became increasingly popular, particularly those that provided online poker. There were even a number of Slovakian poker players who managed to become millionaires, including top Slovakian player Jan Bendik, who is thought to have raked in over $3.4 million.

Unfortunately, Slovakia’s government went off gambling again in 2017 and blacklisted a number of big iGaming brands, as well as introducing fines of up to €500,000 for anyone breaking the rules. Since these were recently implemented, the result of these fines is unclear, but it seems as though even the Slovakian parliament wasn’t happy with the decision.

The Turn-Around

Back in December, Slovakia’s parliament surprisingly drafted a brand-new gambling act, which would again transform gambling’s role in the country. The act, drafted by the Ministry of Finance, stated that off-shore online casinos can now operate within Slovakia as long as they buy betting and casino licenses. Each of these licenses will cost €3 million and last up to ten years, though the amount will be brought down to €5 million if a brand applies for both.

This new act will hopefully be put in place by March 1, 2019, though there will be some regulations upheld until June 1, 2019. Already it’s clear that operators and fans alike are ready for the new regulations to pass, with casino comparison sites offering all sorts of info from everything you need to know about free spins to which sites are the best overall for Slovakian players. Meanwhile, off-shore sites looking to operate within Slovakia will have to wait to apply on or after March 1, with licenses coming into effect from July.

Looking to the Future

Gambling has been a tricky subject throughout Europe for a long time, but countries that have already relaxed their previously strict online casino laws are experiencing great success. Denmark, for instance, is perhaps the world’s leading example when it comes to changing strict gambling laws. Romania, too, has an incredibly impressive gambling industry that now garners a significant income for the country since their new act in 2014.

Hopefully, after the new gambling act passes in a few months, Slovakia can also enjoy the online gambling world to the fullest.

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Compliance Updates

Voting differed on Remote Gaming Bill in the Netherlands

Niji Ng

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Voting differed on Remote Gaming Bill in the Netherlands
Image Source: slate.com
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The voting on the Remote Gaming Bill in the Dutch parliament has been postponed. It will now take place on February 19.

The bill has been under development since 2015. MPs debated the Bill and the Casino Reform Bill in the Senate this week also, but the all-important vote has been postponed to February 19.

At present, judging from the tone and content of the debate on parliament, the Bill is likely to be passed.

Sander Dekker, Minister Justice, said about the concern of MPs was whether operators who had operated illegally in the Dutch market would be allowed to gain a license:: “A license applicant who has actively offered online gambling services in the past will be able to remove doubt regarding its future reliability by showing good behavior during a consecutive period prior to the license application. During the debate on February 5, I have called this a “cooling down period.”

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