MO Gov. Nixon indications dream sports gambling expense into law
JEFFERSON CITY, MO (KFVS) - Gov. Jay Nixon signed House Bill 1941, the Missouri Fantasy Sports Consumer Protection Act, into law on Friday.
The act develops a variety of consumer protection steps and creates a governing structure for dream sports contests in Missouri.
When a brand-new frontier of online betting is readily available at the touch of a screen, we have a duty to secure consumers and young people, Gov. Nixon said. I value the General Assembly for answering my call to bring forward sensible customer defense making sure fantasy sports gaming in Missouri is run responsibly and with accountability.
Under the Missouri Fantasy Sports Consumer Protection Act, the Missouri Gaming Commission will exercise broad governing authority over the operators of fantasy sports sites. This authority will include the capability for the Commission to investigate and certify operators, as well as do something about it versus operators who violate the act.
To pay for the examination and licensing of operators, the Commission will collect an application fee of $10,000 or 10 percent of the fantasy sports operators net earnings from Missouri individuals for the previous year, whichever is less. In addition to the application charge, licensed operators will be required to pay an annual operation fee of 11.5 percent of its net revenue from Missouri participants for the previous year. The earnings gathered from the operation fee will be deposited into the Gaming Proceeds for Education Fund.
The Missouri Fantasy Sports Consumer Protection Act provides many consumer securities, consisting of restricting workers of fantasy sport companies from playing in contests provided to the general public. Other customer defenses include:
Prohibiting contests based on college, high school and youth sports.
Mandating participant funds be segregated from running funds and avoiding unapproved withdrawals.
Forbidding individuals under the age of 18 and needing operators to have age-verification procedures.
Ensuring that rewards are deposited into an individual s account within 48 hours.
Developing problem procedures.
Needing licensed operators to develop and maintain online self-exclusion types and procedures.
Enforcing advertising constraints on certified operators, including limitations on ads targeting those less than 18 years of age, those who have self-excluded themselves, and those on the Commission s voluntary exclusion list and disassociated individuals list.
Forbidding licensed operators from issuing credit to individual s and prohibiting an individual participant from opening several accounts.
Regulating making use of scripts; and.
Needing licensed operators to conduct and spend for yearly independent monetary audits to make sure compliance with the act.
Plainridge Casino consents to cut odds on problem gambling
PLAINVILLE Amid a sea of gamblers at Plainridge Park Casino Thursday, Mark Vander Linden hit the spin button on a brilliantly colored slots. Then, something uncommon flashed throughout his screen.
Not a big jackpot with a burst of flashing lights, but the word Reminder. Underneath it, in small, discreet lettering, a cautionary message.
You have actually reached the budget plan you set, it checked out.
Vander Linden, who heads the state Gaming Commission s efforts to promote accountable gambling, was demonstrating the slot parlor s brand-new play management system to assist gamers keep their losses under control.
The workout program, billed as the very first of its kind in the nation, asks gamblers with rewards cards to punch in a spending limitation, then lets them know when they have exceeded it.
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B.C. Lottery Corp. gambling on a brand-new casino on North Coast or south of the Fraser
3 years after Surrey city board declined a $100-million casino resort, the B.C. Lottery Corp. is putting its odds on another gambling facility, either on the North Shore or south of the Fraser.
BCLC stated market analysis suggests there is capacity for a gambling center in either area.
The Crown corporation said it will canvass Surrey, Delta, the three North Shore municipalities and First Nations, including the Tsawwassen, Squamish and Tsleil-Waututh, to see if there is any interest in hosting a casino. The towns and First Nations have until July 15 to express an interest in enabling a casino, which would serve about 460,000 adults south of the Fraser or 150,000 on the North Shore.
Surrey has two casinos, Elements Casino (previously Fraser Downs) and Newton Bingo Country. Surrey Mayor Linda Hepner said her council would require more time, and details, prior to thinking about a quote for another casino.
In 2013, Surrey turned down a bid by Gateway Casinos and Entertainment Ltd. to shift its gambling license from the Newton Bingo hall to a proposed $100-million casino resort at 12th Avenue and 168th Street. The job had been considered a done offer till then-mayor Dianne Watts cast a tiebreaking vote to turn down the quote following an extensive public hearing procedure.
I had a pretty unpleasant experience a couple of years back and I would not be nervous to duplicate it, Hepner said, keeping in mind a report on the BCLC proposition will likely go to council in mid-June. That’s why it’s important for me to get the sense of council on the entire thing, and I’d like to get the public s opinion.
Hepner, who had actually voted in favor of the Gateway casino quote, said she needs to know more information of what the BCLC is proposing, noting Surrey has a policy of enabling just 3 location casinos home entertainment Centre’s much like Richmond s River Rock in the city. With just 2 council conferences prior to the deadline, she questions council will have enough time to investigate the proposal.
I don't even understand if there’s a location where it would fit.
The B.C. Lottery Corp. said it is making a play on the North Shore and south of the Fraser after thinking about revenue potential, population size, distance to other gambling facilities and socio-economic aspects. It estimates a casino south of the Fraser would create between $25 million to $50 million in earnings, and introduce $1.5 million to $3 million for the host municipality or First Nation. The North Shore would enjoy a little less, at between $25 million and $40 million with the host s share of up to $2.2 million.
Both markets have possible, stated BCLC spokesperson Angela Koulyras. We’re still in the really early phases. We wish to comprehend if there is any interest.
Local governments in B.C. get 10 per cent of the net earnings of casinos and neighborhood gambling centres within their boundaries. The City of Richmond has utilized revenue from the River Rock Casino to pay for the Richmond oval and a marine Centre and elders center. The Hard Rock Casino in Coquitlam has actually provided funds for a library, sports Centre and soccer competition center. New Westminster has used gambling funds for its Anvil Centre theatre-museum-gallery complex.
Other gambling establishments in Metro consist of the Grand Villa Casino in Burnaby and Edgewater Casino in Vancouver.
For many years, municipalities have shown an interest in gaming because they look for the benefits that feature it task creation, greater features, Koulyras stated. They can use that earnings toward capital jobs.
Surrey Coun. Tom Gill, who was a huge fan of the Gateway casino job, stated he would only back another big destination casino in a bid to leverage features such as luxury hotel and convention Centre, which he said the city frantically requires.
We’ve had great success with the Elements Casino, however I’m definitely taking a look at something a lot grander, Gill said. If I could take advantage of those chances, the response would likely be yes.
Delta Mayor Lois Jackson stated the most recent BCLC proposition will go to council in the next couple of weeks, but she’s not sure if her municipality has any land available to construct a casino, or if the general public desires it.
Surrey attempted twice and it was resoundingly trounced, she stated. We’ll see exactly what our council believes.
The Tsawwassen First Nation would just state it is reviewing the proposition.
Koulyras said the market analysis showed the annual spending by North Shore gamers at gambling centers is listed below the Lower Mainland average, showing a requirement for more centers.
North Vancouver City Mayor Darrell Mussatto stated he would support a casino, however indicated all North Shore municipalities would have to be on board. Some First Nations have expressed interest, he said, it’s the first time in 10 years that the BCLC has pitched a casino for the North Shore.
Mussatto said he was amazed the BCLC was making another play for the North Shore however added, I’m helpful of having a further look at it.
Calls to the Tseil-Waututh and Squamish First Nations were not returned Thursday.
North Vancouver District Mayor Richard Walton stated there hasn’t been much hunger for a casino in his area. However, with two brand-new members on council, he stated, they will discuss the BCLC proposition.
He kept in mind if a casino is built in the City of North Vancouver, West Vancouver or on First Nations land, it would still influence his homeowners, such as by increasing traffic or dependency levels.
He said BCLC will have to guarantee it consults the entire North Shore public before it moves ahead.
We’ve had no residents or no organization, I recall, who have come to us in years saying we require a casino here, Walton stated. You’d have to speak with broadly if you desire to put one on the North Shore.