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Rome City leaders target gambling

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Rome leaders target gambling

You can guess there’s illegal gambling going on, Rome City Commissioner (Georgia) Bill Collins said, when there’s a parking lot full of cars but no visible customers in the convenience store.

They know to go to the back room for the machines,” Collins said. “It’s odd that the state is not paying more attention.”

City commissioners are pressing for more control over video gaming machines, which are licensed by the Georgia Lottery Corp. They asked local lawmakers for help during a meeting last week ahead of the 2018 General Assembly session slated to start in January.

The Legislature considered banning the machines in 2013, but ultimately decided on stricter regulation that includes a direct connection to the state lottery’s centralized accounting system. The information also can be cross-checked with reports to the Georgia Department of Revenue.

Sen. Chuck Hufstetler, R-Rome, said complaints from municipalities are escalating but he hasn’t yet seen much legislative support for a change.

I don’t think the system works, but I lost on that vote in the Senate,” Hufstetler said. “They knew there’s a lot of illegal activity, but the argument was the DOR would control it. It wasn’t a workable solution, and we’ve seen this around the state.

The law limits prizes to store merchandise, fuel or lottery tickets — but there’s no dispute that cash is paid out in some places. The illegal payouts draw more players, which makes the legal machines more profitable for both the merchant and the state.

Mayor Jamie Doss noted an increase in crime around stores that keep large sums of money to pay winners under the table. And local governments own neither the power to license the machines nor a share of the revenue.

Convenience stores pop up all over, and it seems like their primary purpose is putting these machines in,” Commissioner Craig McDaniel said. “We’re hearing some of them get $20,000 to $30,000 a month from the Lottery. The cities aren’t getting any of that.

The Lottery Corp., established to help fund HOPE Scholarships and Pre-K education, keeps a share of the monthly proceeds from each machine and distributes the balance to the licensees. It also gets annually a $5,000 base license fee from the owner of each business with video gaming machines, plus $125 a machine, along with $125 per machine from the holder of the location license.

As it stands, however, there are no local reporting duties. City Manager Sammy Rich said allowing cities to require permits would help track the activity and enable them to address complaints from residents.

We feel like we need to have some role in the regulation of our town,” City Clerk Joe Smith added.

But Hufstetler said that argument may be a hard sell, since the state already knows where the gaming machines are.

It’s not that it’s an illegal machine. It’s being used illegally,” he said.

Rep. Katie Dempsey, R-Rome, said that, for now, the best suggestion to “clean up Rome” is to ask for a state investigation at the stores where cash payoffs are suspected.

Illegal machines are absolutely the enemy of the DOR. They want to know,” Dempsey said. “The DOR would be glad to swoop in. You have an ally there.”

She and Hufstetler said they favor banning the machines but complaints to state lawmakers haven’t been loud enough to outweigh calls to keep them, as revenue-generators for businesses and schools.

City commissioners said they would continue trying to rally support through the Georgia Municipal Association, whose members are seeing the fallout in their communities as well..

The families who can least afford to be impacted are the ones who are most affected,” McDaniel said.

For a link to a Georgia Lottery Corp. video on gaming machines: Click here.

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The post Rome City leaders target gambling 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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