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Gov. Polis Vetoes Colorado Casino Credit Bill, Citing Problem Gambling Concerns
Colorado Governor Jared Polis has vetoed a controversial bill that would have allowed casinos to issue lines of credit to patrons. Advocates of SB23-259 contended that it would spur tourism in the state by offering affluent players an alternative to carrying large amounts of cash. Critics argued that it would serve only the casino industry and […]
Maine Rep. Collings Tribal Gaming Legislation Tabled, Renewed Sovereignty Push To Follow
A bill allowing Native American tribes in Maine to pursue retail casino gambling died in committee only a week after being introduced. The Committee on Veterans and Legal Affairs tabled Rep. Ben Collings’ Act Regarding Tribal Gaming alongside two other gambling bills during sessions on May 22 and May 24. Collings’ bill, LD 1944, continued a decades-long […]
Maine’s Efforts for Online Casinos, Electronic Bingo and HHR Have All Failed
Maine’s efforts at gambling expansion in 2023 began late and ended early as its tribal online casino bill and a separate attempt to legalize digital bingo and historical horse racing (HHR) have both failed. These would have provided state residents with new gambling options besides sports betting, pending launch following its legalization in 2022. Both […]
Illinois Gaming Board Grants a Mob-Related Man a Gaming License
Here’s a question for the Illinois Gaming Board (IGB). How can a man connected to organized crime be granted a gaming license? At first glance, there is nothing unusual about Jeffrey Bertucci, who operates six video gaming terminals (VGTs) in his Steak ‘N Egger franchise in Cicero, Ill. However, records show that in testimony, Bertucci […]
Congressman Tonko Applauds $936K Grant for UAlbany Gambling-Related Research
US Rep. Paul D. Tonko, D-New York, is known in the online gambling industry for introducing a bill aimed at banning all online and electronic sports gambling advertising. So it’s notable that he’s applauding the US Department of Health and Human Services (HHS) Center for Substance Abuse and Treatment for its decision to award the University […]
‘This is a Red State’ – Blind Partisanship Extinguishes Hopes for Texas Sports Betting
The Texas sports betting legislation that passed in the House of Representatives last week won’t get heard in the Senate, says Lieutenant-Governor Dan Patrick. It’s the latest gambling expansion effort to fall victim to partisan politics. Patrick said the two-part legislative package – consisting of a bill and a joint resolution for a constitutional amendment – won’t […]
Texas Sports Betting Heads to Senate, Then Perhaps to Voters
A Texas sports betting bill that calls for a Nov. 7 ballot measure to amend the Texas Constitution received House approval on May 11. HJR102 moves to the Senate next. However, if that chamber also approves the bill, it bypasses the governor due to the need for a vote in the state with 31 million residents. […]
Bill Aims to Include Texas Tribes Under Indian Gaming Regulatory Act
Texas tribes may soon benefit from inclusion under the Indian Gaming Regulatory Act (IGRA). US Rep. Morgan Luttrell introduced a bill to ensure all federally recognized tribes eligible for gaming activities are regulated under the IGRA. Luttrell, R-Texas, introduced HR2873, or the Tribal Gaming Regulatory Compliance Act (TGRCA), in the House in late April. He […]
Colorado House Controversially Passes Casino Line Of Credit Bill After Last-Minute Vote Switch
In a controversial and surprising sequence of events, the Colorado House passed a bill allowing casinos to offer lines of credit to customers. SB23-259 had seemed to fail with a vote of 31-34, but one “nay” voter requested a do-over. The bill then passed narrowly by a margin of 33-32. That led to an uproar […]
‘Zero Days to Expiration’ Options: Investment or Gambling?
Researchers at the Univerity of Münster have found that a hot trend in short-term investments is causing traders to lose more money than they earn. Zero-days-to-expiration options (0DTEs) have become increasingly popular with retail investors. However, the study’s findings – released March 30, 2023 – raise the question of whether trading these products bears more resemblance […]
