SBR newswoman Natalie delivers the latest iGaming industry news. Today's video discusses recent Nevada news concerning online gambling and the first batch of hopeful licensees, Delaware's plans to introduce intrastate online gambling to their residents, as well as an update on the official list of newly minted Spanish operators.
Good news for operators thinking of parterning with Las Vegas casinos for online gaming. Nevada is planning to roll out some of the lowest online gaming licensing fees in the US, according to a report by VegasInc. Nevada intends to charge interactive gaming applicants $500,00 for year one, and just $250,000 per year to renew the licence. Governor Brian Sandoval discussed Nevada’s license fee plan at Thursday’s Gaming Policy committee meeting. This is a stark contrast to California for example, which plans a whopping $30 million fee that would act as a credit against taxes on annual gaming revenue. SBR reported last week that IGT and Bally Technologies were among the first companies recommanded by the Nevada Gambling Control Board to receive interactive gaming licenses. The first batch of official licenses could be handed out as early as next week’s Gaming Commission meeting.
Moving farther east, Delaware is one step closer to introducing legislation that would allow for intrastate online gambling. House Bill 333, dubbed the “The Delaware Gaming Competitiveness Act of 2012”, will be voted on by the Delaware Senate. The legislation allows for internet gambling on lotto, video poker, keno, and sports games, under the supervision of a Director whom will be appointed by the Delaware Secretary of Finance. First-term governor Jack Markell is a major proponent of the bill. We are attempting to arrange an interview with the Democrat governor to discuss the bill in more detail.
In international news … the Spanish General Directorate for the Regulation of Online Gaming has released a list of 53 operators now licensed to operate in Spain. Will Hill, SportingBet, Paddy Power, Bwin Party and Bet365 were among the biggest name operators to be granted poker, bingo, casino and sports betting licenses, according to a report by EGR.
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