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Diversified opinions about online gambling legalization - Pennsylvania
On Tuesday, Pennsylvania discussed the possible implementation of an online gambling market in this area following the release of the study named The Current Status and Future Viability of Casino Gaming in Pennsylvania. The hearing focuses on the result of the study conducted by the Pennsylvania Legislative Budget and Finance Committee, which was presented to the Pennsylvania Senate Community, Economic and Recreational Development Committee afterwards. Several personalities from the gambling world attended the hearing. The Parliament along with the Senate announced the development of a bill on legalizing online poker game in Pennsylvania. That bill should be introduced in the coming weeks. Representatives seem to have no common view about the bill; hence, two different blocks have just emerged: those who oppose to online gaming legalization, and those who support the project.
From Pennsylvania Gaming Control Board, the Chairman William Ryan suggests that the State should not rush and that legislators should make a step back, at least for one year, in order to better analyze the online gaming landscape. New Jersey is currently unable to generate the estimated casino revenues since the opening of the market. According to the study commissioned by Pennsylvania Legislative Budget and Finance Committee, online gambling could generate $ 68 million of additional tax revenues in the first year, and $ 110 million in subsequent years. Besides, casino operators are charged $ 5 million of fee for licensing fee. Both M. Ryan and Wendy Hamilton, the Executive Director of Sugar House Casino, share the same point of view, expressing their concern on the negative impacts of online gambling on land-based casinos. For its part, Caesars acquisition Company supports the legalization of online poker game in the State, but requires a long period of implementation.
Source: Jack SMITH
Saturday, 07 June 2014
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