SBR analyst Natalie Rydstrom provides an iGaming News update for Friday, August 3rd. Topics for today include Maryland's plans to catch-up to other states and get online gambling on their agenda, an update from the Nevada Gaming Control Board and the latest with California's plans to offer sportsbetting in licensed establishments.
Maryland is the latest state in the hunt for intrastate online gambling. Democrat House speaker Michael Busch released a memo reinforcing the need to stay competitve with other states, such as New Jersey, who are moving toward bringing in more gaming revenue by introducing more forms of state-approved gambling. According to the Washington Post, Busch wrote:?In order to maintain a healthy and competitive gaming programme that attracts players from beyond Maryland?s borders and keeps Maryland gamers at home, we must put our gaming programme on par with other jurisdictions in the Mid-Atlantic.?
The Nevada Gaming Control Board is scheduled to meet August 8th in part to review the online poker license applications from South Point Poker and Monarch Interactive. South Point Poker has also applied for a service provider?s license, which would allow it to offer its product to other operators. If the Gaming Control Board is in agreement, the recommendation will be made to the Nevada Gaming Commission to grant the licenses. All together, more than two dozen operators and tech companies have applied for Nevada licenses. The first two companies to receive interactive gaming licenses in Nevada were IGT and Bally Technologies. Check the SBR newswire for more details.
California lawmakers are considering gambling legislation that would allow for sports betting at licensed tribal casinos and racetracks. Senate Bill 1390 if passed would place California in the same conversation as New Jersey, as the two states are keen on vying to amend federal law to allow sports betting in their respective states. Currently, the Professional And Amateur Sports Protection Act outlaws sportsbetting nationwide with the exception of four states. Nevada has been the largest beneficiary of the law to date, but US gaming law experts such as Professor I. Nelson Rose believe PASPA to be unconstitutional. We believe that as more states rally up the troops and go through their legal motions, there?s a fairly good chance that PASPA will be amended if not outright overturned.
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Source: http://www.sportsbookreview.com/sbr-news/maryland-seeks-add-online-gambling-5500/
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