March is Problem Gambling Awareness Month, as well as the marketing drive has brought to light Plainridge Casino’s failure to protect those susceptible to gaming addiction in Massachusetts.
Problem Gambling Awareness urges concerned families to ‘have the conversation’ with those that might be prone to becoming addicted to gambling month.
‘Most adults gamble or understand somebody whom gambles, and, consequently, could reap the benefits of programs to avoid gambling addiction,’ the nationwide Council on Problem Gambling (NCPG) website states. ‘We believe many who suffer in silence do this since they don’t know why they developed a challenge, what gambling addiction is or where to get help.’
The national conversation held each March has made its method to Massachusetts where one associated with nation’s newest gambling venues has failed in instituting an appropriate firewall to problem gamblers.
The Plainridge Park Casino, the first commercial gambling destination in the state following the passage through of the Expanded Gaming Act, opened in June of 2015. However, the slot parlor still hasn’t adopted a method to curb gamblers that are dependent.
‘ What’s the working job of a casino? To make as money that is much possible. Establishing limits on gambling isn’t necessarily the priority that is highest,’ Lasell College Professor Paul DeBole told the Boston world this week.
Regulations May Be the Law
When the Expanded Gambling Act was signed into legislation by then-Governor Deval Patrick (D), a key provision was that the Plainridge and three future resort-style gambling facilities will have to implement programs to combat problem gambling.
It would incorporate a ‘play management’ system that would allow customers to set limits on how much they wager, with the slot machines flashing warnings when those enrolled reach certain time or money ceilings before it opened its doors, Plainridge said.
Eight months into operation, the play administration system remains just a notion. The Massachusetts Gaming Commission previously approved the scheme and stated it would meet with the mandate’s needs.
‘Would we like faster implementation? Yes, but we think it’s using the period of time necessary,’ Massachusetts Council on Compulsive Gambling Executive Director Marlene Warner said.
Challenges towards the gaming system include making the enrollment and gameplay experience user-friendly whilst also making sure customers don’t feel embarrassed or publicly shamed.
Problem Gambling by the Numbers
Regulators in Massachusetts have plenty of explanation to be focused on the potential risks of legalizing commercial gaming in the Bay State. According to an infographic released by the NCPG, problem gambling accounts for $7 billion in the US yearly due to addiction, bankruptcy, and criminal activity.
Of the estimated five million Americans who already meet the requirements for gambling addiction, three in four have problems with alcohol, 38 percent use or have used drugs that are illegal and 20 percent have attempted or committed suicide.
It’s certainly the dark side to the commercialization that is creating new jobs and economic growth for local counties and revenue for hawaii. Massachusetts estimated through the 2011 bill passage that gambling would generate $300-500 million in brand new tax earnings for state expenditures for an basis that is annual.
Plainridge ended up being forecasted to bring in $300 million in gross revenues in its opening but is on pace to collect just over half of that figure at $162 million year. The slow start and disappointing numbers are added cause for casino bosses to just take their time in setting limits on player bankrolls.
Virginia Regular Fantasy Sports Get Licensed, But Steep Fees Separate Out Big Fish from Small Fry
Virginia Governor Terry McAuliffe, who signed the state’s fantasy activities bill into law this week. Not everyone is delighted about the licensing that is new, though. (Image: salon.com)
Virginia fantasy that is daily (DFS) have actually the proud honor of being the first ever to become licensed in America.
On Monday, the Old Dominion State became 1st in the US to license DFS, as Governor Terry McAuliffe signed the Fantasy Contests Act into law.
While other states have legalized DFS, of late Kansas, Virginia could be the first to license its operators. This, said McAuliffe, will ’empower Virginia to regulate this industry that is emerging keep consumers safe from abuses.’
But numerous smaller DFS operators and fantasy that is season-long sites have actually criticized the $50,000 licensing enrollment charge. While $50,000 could be a chicken feed to major industry players DraftKings and FanDuel, it essentially prices the smaller brands out of industry.
Davids and Goliaths
Season-long fantasy sports sites have reported that the bill offers no differentiation between DFS while the season-long variety. Needs for clarification on whether or not the bill refers just to DFS or to all fantasy sports have actually maybe not been answered by the governor’s office, making operators that are season-long whether they truly are now legally permitted to work in their state.
‘It really puts us out of business in your state,’ said David Gerczak, co-founder of season-long site myffpc.com, told The Virginia Pilot. ‘[The DFS sites] clearly have used season-long as cover. We feel we’re being used.’
Gerczak has urged the state to replace the name of this bill to the ‘daily fantasy sports contest act.’
Elsewhere, the passage of this bill had been praised, particularly by the brass that is top of.
‘ We thank Governor McAuliffe for his leadership and advocacy and are also hopeful that other states across the nation will follow Virginia’s lead,’ stated Griffin Finan, director of public affairs for DraftKings.
However the tone was markedly different at a hearing in Nevada that came across to discuss prospective regulation, as reported by the Las vegas, nevada Review-Journal this week.
There, representatives of Draft Kings and FanDuel told Governor Brian Sandoval’s Gaming Policy Committee that regulation could damage the industry and restrict innovation of its technology.
Nigel Eccles, CEO of FanDuel, argued that DFS really should not be regulated in the same way that the state governs sports books, while warning that the mishmash of disparate state-by-state regulation across America could damage the industry’s credibility.
In October of this past year, the Nevada Gaming Control Board ruled that DFS constituted gambling under the state’s gaming legislation. That suggested that sites offering the competitions to mention residents were providing gambling that is unlicensed. The Board ordered them to cease and desist or face charges that are criminal. DraftKings and FanDuel promptly exited, as required.
North Jersey Casinos Could Be Taxed 40 to 60 per cent, State Lawmaker Says
New Jersey State Assemblyman Ralph Caputo is leading the cost to amend the state’s constitution and bring in North Jersey casinos with a tax rate that is hefty. (Image: assemblydems.com)
Two North Jersey casino licenses could soon be granted, however the gambling operators in receipt that are quite ready to tap to the region’s nearly 3.5 million residents and nyc City’s 8.5 million inhabitants across the Hudson might faint when they also receive their tax bill.
During a special general public hearing on Monday, State Assemblyman Ralph Caputo (D-District 28) reacted to the question of prospective income tax prices that casinos in the north counties might face by revealing, ‘As a guess, it will be 40 to 60 percent,’ he stated.
That is a cry that is far the 9.25 percent rate gambling enterprises now pay in Atlantic City.
New Jersey lawmakers are looking at an amendment to your state’s constitution that could allow two gambling facilities become built in North Jersey. Should it pass, it would end the gambling that is longstanding held by Atlantic City since 1976.
Competition from neighboring states has established a financial catastrophe in the former gambling mecca of this East Coast, and lawmakers in Trenton are scrambling to get brand new means to recoup the tax revenue that is dissipating.
Icahn Cannot Believe It
The main topic of gambling expansion will always have its opponents, but in the Garden State, there is a rather effective mole. As Casino.org reported last week, billionaire Carl Icahn delivered a $100 million ultimatum by saying he’dn’t spend those funds in his Atlantic City Trump Taj Mahal resort should North Jersey gambling enterprises be authorized.
Yesterday, a lot of the 17 backers of their state constitutional amendment responded.
‘This is a game-changing proposal. We might modernize our gaming industry and provide relief that is significant elderly people and disabled residents,’ Caputo declared.
‘For a situation sorely looking for new profits for vital requirements such as programs and home taxation relief for senior residents and disabled residents, this is usually a win-win,’ Assemblyman Gary Schaer (D-District 36) said. ‘This proposal would help bring a brighter future that is economic our state.’
The resolution now moves to the floor in the state capital, where it will need three-fifths approval in the Assembly and Senate after being approved by the state’s Assembly Judiciary Committee. Should the chambers pass the motion to alter the state constitution, voters would have the final say and would require a majority approval.
Taxing North Jersey casinos at levels as sky high as 60 percent on net winnings might thin the bidding industry considerably. Nonetheless, a scan around nearby gambling locales shows such exuberant prices aren’t exactly away from the normal for neighboring states, at minimum.
Connecticut, for example, is a fairly included 18 percent, and Delaware a bit higher at 29.4 per cent for table games, at the least. But then New York takes the cake with a 60 to 69 percent take on profits, and Pennsylvania isn’t much better with a 55 percent rate.
Nevada, not surprisingly, wins hands down with a modest 6.75 percent taxation rate, although the number that is sheer of in the Silver State obviously make that number more bodacious than it might appear.
Too Much of a positive thing
While 40-60 percent generally seems to fall adequately in line, specially considering the market in concern, nj-new Jersey State Senate President Stephen Sweeney (D-District 3) stated he finds the rate excessive.
Atlantic City Assemblyman Chris Brown (R-District 2) also questioned exactly how introducing new casinos to a market that is already oversaturated assist the constituents he represents.
‘Is it likely to pave the roads to make certain that individuals who are unemployed can escape city?’ Brown asked.
Florida Legislature Rejects $3 Billion Seminole Tribe Gambling Deal
Florida Governor Rick Scott, whose attempt to strike a groundbreaking deal with the Seminole tribe has foundered and finally passed on into the legislature. (Image: addictinginfo.org)
Florida lawmakers have actually shot down a proposal to allow the Seminole tribe to offer craps and roulette at their casinos.
The offer was the end result of months of negotiations between the Seminoles and Florida’s Governor Rick Scott, and might have been worth $3 billion to their state over seven years, rendering it the biggest revenue-sharing that is tribal in the united states.
The Seminoles would have been prohibited from building a new casino for 20 years and would have relinquished their monopoly on blackjack and slots under the proposal.
The bill, which had support in the State House (with amendments) had entirely stalled into the Senate as of last week. It was ultimately pronounced dead when backers conceded it might be impractical to make any headway before the March 11 due date.
‘Going into today we knew full well that the gaming bills were on life support,’ said State Representative Jose Felix Diaz Dist. that is(R-116th) one of many bill’s architects. ‘The House had been hoping for magic, but by the close of the we saw one was perhaps not coming and had no option but to pull the plug. time’
The deal had were a breakthrough that is major the governmental standoff between Scott and the Seminoles with regards to was announced last December.
The compact that is original the tribe and Florida was formed this year, giving the Seminoles exclusivity on blackjack in the state in return for $1 billion, spread over five years.
This agreement also gave the Seminoles a stranglehold on the slots market by prohibiting the expansion of slots gambling beyond that which already existed at a few pari-mutuel racetracks.
The compact expired on August 1 of last year, starting the industry for negotiations. The Seminoles continued to offer blackjack at their seven properties in the state, in defiance of a deferral lawsuit filed by Florida, which sought to order the games closed down in the interim, despite the expiration of the agreement.
Exactly What Now?
Now that the new compact has failed, it’s most likely that the matter will have to be settled in the courts. It is also likely to disrupt the Seminoles commitment to providing Florida with thousands of the latest jobs through a $1.8 billion expansion of its gambling enterprises at Tampa and Hollywood.
The bill’s passage through the legislature had been finally impeded by persistent needs for amendments from the state’s disparate gambling lobbyists, notably their state’s race tracks.
‘ Every time you put a gaming bill up within the Florida Legislature it’s like tossing a side of beef into a shark tank,’ stated one lawmaker.