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Joan Barron says Locals are controlling gambling in Wyoming

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Barron: Locals to control gambling

Because of differing cultures, Wyoming’s cities, towns and counties are in the best position to regulate the games of bingo and pull tabs.

That was the main argument in the debate over which entity should regulate the games. The alternative was to put the game regulatory authority under the Wyoming Pari-Mutuel Commission.

But that move would grow state government, which is an unpopular approach in light of the state’s fiscal problem.

Local control prevailed last week as the Legislature’s Joint Interim Committee on Travel, Recreation and Wildlife voted for a bill to be introduced during the short legislative session in February.

Sen. Bruce Burns, R-Sheridan, who proposed the bill, said that currently the games operate unfettered with no oversight whatsoever.

Thus, if a player or other resident suspects the barkeep, for example, is siphoning money from the pull tabs pot he or she has no place where a complaint can be lodged.

If the committee bill passes and a city or county decides to regulate the games, the people can take their complaint to the local police or the sheriff’s office.

The bill also creates some income for the cities and counties that regulate the games.

The draft bill allows the locals to set reasonable fees of up to one percent of the net profits.

I’m not trying to get rid of the pull-tabs,” Burns said in an interview last week. “The bill is intended to be revenue neutral. I want local officials to know who’s running the games.

Letting the locals decide if they want to regulate the games is the right step given the different values and cultures in the state. 

Campbell County and the City of Gillette, Burns noted, do not have the same culture as predominantly Mormon communities like Lovell and Cokeville or Alpine, which are more likely to oppose gambling.

However, these communities have no control whatsoever over the games now. If they don’t want to regulate the games, they don’t have to do so.

For many charitable organizations the income from the games is critical to their operations.

In Sheridan, Burns said, he knows of three charitable organizations that would close within six months without the income from bingo and pull tabs operations.

The current law requires operators of bingo games to contribute 65 percent of the net profits to charitable organizations. For pull tabs the contribution is 50 percent of net profits.

Giving the regulatory task to the locals will avoid expanding an existing state agency or setting up a new one like those in surrounding states.

In Colorado, the Secretary of State’s Office web site has 55 pages of detailed rules on bingo games, including electronic bingo and raffles.

The state of Montana’s list of rules is even longer. Montana’s program is run by the state’s Gambling Control Division. Under Montana law, businesses must have a liquor license before they can conduct some gambling activities like live card games and video gambling machines.

In Wyoming, bingo has to be a live game, Burns noted. Electronic bingo is not legal.

During the committee meeting, Mike Moser, executive director of the Wyoming Liquor Association, said his organization doesn’t support the bill.

But Moser, who was part of a small task force group appointed to work on the bill, said it would prevent fly-by-night questionable operations from moving into the state.

Rick Kaysen, the executive director of the Wyoming Association of Municipalities and a former Cheyenne mayor, said his association doesn’t necessarily favor the bill, either.

But Kaysen, who also was a member of the task force on the bill, said it is “workable,” and reflects an issue that has been discussed for the last years in particular.

Until fairly recently Wyoming had a reputation as an anti-gambling state.

Yet bingo games in Wyoming have been less tightly regulated than in most other states.

The state currently allows tribal casinos, a state lottery, horse racing and off-track betting. The Legislature didn’t adopted the lottery until 2013.

 

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The post Joan Barron says Locals are controlling gambling in Wyoming appeared first on Eastern European Gaming – News – Interviews – Legal Market Updates – Premium Reports – Events – Directory.


Source: EEGaming.

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Join EveryMatrix in Celebrating 10 years of iGaming at ICE

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EveryMatrix-10-years-at-ICE Join EveryMatrix in Celebrating 10 years of iGaming at ICE

January 17th 2018, Malta – In 2018 we are celebrating our 10th birthday and 10 years of shared success in the company of our clients. We thought that this called for a moment of celebration, therefore we are inviting you to join us at the most exciting event of the year at Stand N6-310.

EveryMatrix has expanded greatly since our entrance to the market and we have reached new milestones in terms of growing our Sports, Casino and Payment offering to the benefit of our clients and partners.

From sportsbook and casino to payments and affiliate systems, our products work independently and can be easily integrated with existing platforms or can be offered as White Label, where clients can choose to operate under their own gaming licence or use one from us.

Today, EveryMatrix is servicing more than 70 operators from different jurisdictions including Tipico, Norsk Tipping and 188Bet among others, and we are always striving to support constant innovation and offer our clients the best possible range of services and value in the market.

At this year’s ICE edition, we are exhibiting our recent innovations including the latest Front-end Technology & Content Management System and the newly launched cross-product Bonus System that brings unprecedent flexibility among many other value-added features.

Always having operators in focus, we have consequently developed and will be showcasing our CasinoEngine Direct, as well as Data Feed and Sports API solutions too.

With CasinoEngine Direct solution, operators can integrate our casino product directly into their own platform and wallet, and gain access to more than 5,000 casino games from over 60 game providers. The CasinoEngine Direct solution secures minimum latency and optimal game speed.

Using our sports Data Feeds and Sports API, a complete solution delivering an unparalleled range of markets and outcomes with industry leading profitability, we help multiple businesses meet their targets, from bookmakers to affiliates and from odds comparison sites to score sites.

Our top representatives will welcome you at Stand N6-310 for the biggest and most exciting event in iGaming.

About EveryMatrix

EveryMatrix is a multi-award winning iGaming software provider, delivering a comprehensive product suite including a fully managed sportsbook, the largest casino content aggregator on the market, a complete gaming and payment processing platform, and a stand-alone affiliate/agent management system.


Source: European Gaming News…

The post Join EveryMatrix in Celebrating 10 years of iGaming at ICE appeared first on Eastern European Gaming – News – Interviews – Legal Market Updates – Premium Reports – Events – Directory.


Source: EEGaming.

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iGaming Industry

Join EveryMatrix in Celebrating 10 years of iGaming at ICE

Published

on

Join EveryMatrix in Celebrating 10 years of iGaming at ICE

January 17th 2018, Malta – In 2018 we are celebrating our 10th birthday and 10 years of shared success in the company of our clients. We thought that this called for a moment of celebration, therefore we are inviting you to join us at the most exciting event of the year at Stand N6-310.

EveryMatrix has expanded greatly since our entrance to the market and we have reached new milestones in terms of growing our Sports, Casino and Payment offering to the benefit of our clients and partners.

From sportsbook and casino to payments and affiliate systems, our products work independently and can be easily integrated with existing platforms or can be offered as White Label, where clients can choose to operate under their own gaming licence or use one from us.

Today, EveryMatrix is servicing more than 70 operators from different jurisdictions including Tipico, Norsk Tipping and 188Bet among others, and we are always striving to support constant innovation and offer our clients the best possible range of services and value in the market.

At this year’s ICE edition, we are exhibiting our recent innovations including the latest Front-end Technology & Content Management System and the newly launched cross-product Bonus System that brings unprecedent flexibility among many other value-added features.

Always having operators in focus, we have consequently developed and will be showcasing our CasinoEngine Direct, as well as Data Feed and Sports API solutions too.

With CasinoEngine Direct solution, operators can integrate our casino product directly into their own platform and wallet, and gain access to more than 5,000 casino games from over 60 game providers. The CasinoEngine Direct solution secures minimum latency and optimal game speed.

Using our sports Data Feeds and Sports API, a complete solution delivering an unparalleled range of markets and outcomes with industry leading profitability, we help multiple businesses meet their targets, from bookmakers to affiliates and from odds comparison sites to score sites.

Our top representatives will welcome you at Stand N6-310 for the biggest and most exciting event in iGaming.

About EveryMatrix

EveryMatrix is a multi-award winning iGaming software provider, delivering a comprehensive product suite including a fully managed sportsbook, the largest casino content aggregator on the market, a complete gaming and payment processing platform, and a stand-alone affiliate/agent management system.


Source: European Gaming Portal

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Merger proposed between MGM, Caesars real estate investment trusts

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Merger proposed between MGM, Caesars real estate investment trusts

MGM Growth Properties, the real estate investment trust controlled by MGM Resorts International, has offered to purchase the REIT that covers a large chunk of the properties operated by Caesars Entertainment

 

In a letter released Tuesday morning, MGM Resorts Chairman Jim Murren, who is also chairman of MGM Growth Properties, proposed the buyout in which the MGM REIT would pay $19.50 a share for all outstanding shares of VICI Properties Inc.

In a statement, MGM Growth properties said there were discussions between the REITs in December and last week.

We continue to believe that a combination of our two companies has a compelling strategic rationale and represents an extraordinary opportunity to create significant value for our respective shareholders,” according to the statement.

Under the proposal, MGM Growth Partners would acquire VICI through a stock transaction; however, MGM’s REIT would be willing to offer a portion of the purchase price in cash. VICI shareholders would end up owning 43 percent of the combined company.

According to the proposal, the combined REIT would have an enterprise value of approximately $22 billion. MGM Resorts’ ownership stake in the combined REIT would be reduced to 41 percent.

The two REITs own the land associated with some of the top casino resorts in the U.S., including Las Vegas and Atlantic City. MGM Resorts and Caesars Entertainment continue to operate the properties through a lease agreement, paying rent to the REITs.

VICI was formed as part of Caesars Entertainment’s bankruptcy reorganization. Caesars Palace, Harrah’s Las Vegas, and Caesars Atlantic City are among nearly 20 casino properties included in VICI.

The combination of VICI and MGP would create one of the largest triple net lease REITs, with an unmatched portfolio of high quality leisure, entertainment and hospitality assets,” MGM said in the statement.


Source: European Gaming Portal

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