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Compliance Updates

Florida lawmakers to meet next month to formulate gambling legislation

Niji Narayan

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Photo credits: https://calvinayre.com
Reading Time: 2 minutes

Florida legislators will meet over the next month to formulate a legislation regarding gambling industry in the state.  The state’s current gambling deal with the Seminole tribe expired last Friday.

State Representative Jared Moskowitz steered clear of any controversies, stating that talks with lawmakers have been going on for some time now and all parties involved have yet to reach an agreement. Moskowitz further added: “Before anybody gets too excited or upset on the issue of gaming, I would remind them that for the past five years we have not been able to do anything on this subject.”

Moskowitz confirmed that an exact date for the special session had not yet been reached.Democrat Moskowitz has also come under fire recently for his strong opposition against his fellow Dems in the wake of the Parkland high school shooting in Florida, describing their slow actions for stricter gun laws in the state as “procedural games.” Despite Moskowitz efforts, gambling remains a very difficult issue facing Florida lawmakers. Florida’s House of Representatives has shown little support for gambling expansion in the past, despite overwhelming public support. The Senate, however, wishes to push forward broader gambling measures that would allow for daily fantasy sports operations, as well as slots, and greyhound and horseracing.

State Representative Joe Geller, a Dem whose district includes Broward county, and the top Democrat for the Tourism & Gaming Control Subcommittee stated, “It’s obviously a matter of serious concern to our community. I don’t know exactly what the upshot of these recent talks are going to be. We tried to get someplace during the session…. We thought we might be making some progress and it was very abruptly shut down. I think if there’s a good solution that can be found it would be great. I’m not sure how close we are to having one.”

When asked for comment, State Senator Bill Galvano confirmed that though there have been discussions regarding the future of gambling in Florida with the Seminole Tribe, no solid ground has been reached. The ineptitude of republican leaders has political analysts less than optimistic about seeing benefits from coming talks. Florida lawmakers fear that if actions are not taken soon, the Seminoles will discontinue their annual payment of $300 million to the state in order to retain exclusive rights to their casino-based table and slots games on Seminole land within the Miami-Dade and Broward areas. The Seminole tribe of Florida started setting up bingo halls and casinos on their lands ever since tribal sovereignty was established, making them immune to the gambling laws set by the U.S. Federal Government.

The future of gambling legislation is not just a hot issue in Florida, but has recently made headlines countrywide with the focus on sports betting and New Jersey. A decision on whether or not to allow sports betting in the Garden State was delayed earlier this week with the next possible date for action pushed to April 17. New Jersey leaders have been demanding the legalisation of sports betting for the state due to the benefits of increased revenue, but the U.S. Supreme Court recently challenged the state’s demands to change the law that currently limits sports betting to just four states in the U.S.

Source: usaonlinecasino.com

Niji Narayan 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. He reports gaming industry headlines from all around the globe.

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Mlungisi Mvoko Sees Gaming as Revenue Source for Eastern Cape Province

Niji Narayan

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Photo source: myjewishlearning.com
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Mlungisi Mvoko, member of the executive council for Economic Development, has told that new technologies and gaming could lead to an increase in the revenue base for the Eastern Cape Province.

“It is still our fervent belief that through the infusion of new technologies in the 4th Industrial Revolution and optimal regulation, gaming could lead to an increase in the revenue base of the province,” Mvoko said while attending the 15th Gaming Regulators Africa Forum.

“It comes as no surprise that technology has had a remarkable impact on the gaming industry. So, if you are wondering how technology is impacting the gaming industry then you need to look no further than how a cryptocurrency like Bitcoin has revolutionized the realm of online users,” he added.

The 15th Gaming Regulators Africa Forum, themed “Fourth Industrial Revolution and its Impact on Gaming in Africa,” brings together representatives from countries which include Angola, Botswana, Ghana, Kenya, Malawi, Mauritius, Mozambique, Namibia, South Africa, Seychelles, Swaziland, Tanzania, Uganda, Zambia and Zimbabwe.

The conference focuses on global economy shifts and the impact of this on the global gaming industry. Mvoko told delegates that the shift to legalise gambling and the growth in the sector has benefited provincial treasury.

He said the industry had given consumers an additional choice of recreation, generated considerable tax revenue and increased employment. Mvoko said the provincial economy grew by an estimated R985 million over the last five years as a result of the gambling industry.

The Eastern Cape economy was predominantly driven by car manufacturing and tourism industries. But the ongoing global economic crisis has brought about an indirect decline in both industries.

Mvoko said the gaming and gambling industry must be boosted in a manner that supported and facilitated economic development.

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Compliance Updates

Spain Moves Forward on Gambling Ads Ban

Niji Narayan

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Photo source: casinobeats.com
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The PSOE minority government in Spain is going to accept all the recommendations of Ombudsman Francisco Fernández Marugán to ban gambling advertising.

The Ministry of Finance has accepted the Ombudsman’s recommendations. That way, departments would have to enforce new restrictions on the gaming industry. The authorities will soon draft a Royal Decree to establish restrictions on gambling advertising in Spain.

The Ombudsman filed his recommendation with the ministries of Treasury and the Health, Consumer and Welfare. Within the filing, he asked for a complete ban on gambling advertising in Spain.

“kids’ viewing time needs to be clean of gambling ads and no celebrities should be shown advertising gambling,” he said.

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Compliance Updates

Nintendo, Sony and Microsoft to Disclose Loot Boxes Odds

Niji Narayan

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The Entertainment Software Association (ESA) has revealed that the console makers are working on policies that will require disclosure on loot boxes odds. Nintendo, Sony and Microsoft are working on policies that would require a loot boxes disclosure on their systems.

“These required disclosures will also apply to game updates if the update adds new loot box features. The precise timing of this disclosure requirement is still being worked out, but the console makers are targeting 2020 for the implementation of the policy,” Michael Warnecke, ESA chief counsel of tech policy said.

The list of member companies that committed to implementing the changes include: Activision Blizzard, Bandai Namco Entertainment, Bethesda, Bungie, Electronic Arts, Microsoft, Nintendo, Sony Interactive Entertainment, Take-Two Interactive, Ubisoft, Warner Bros. Interactive Entertainment and Wizards of the Coast.

“I’m happy to announce this morning that Microsoft, Nintendo, and Sony indicated to ESA a commitment to new platform policies with respect to the use of paid loot boxes in games developed for their platform. Specifically, this would apply to new games and game updates that add loot box features. And it would require the disclosure of the relative rarity or probabilities of obtaining randomised virtual items in games that are available on their platforms,” Warnecke said.

“The major console makers are committing to new platform policies that will require paid loot boxes in games developed for their platforms to disclose information on the relative rarity or probability of obtaining randomised virtual items,” Warnecke added.

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