The Illinois Senate approved a bill a week ago that would authorize six new land-based casinos in the state, however the proposal is stuck in limbo until lawmakers agree for a slew of other economy-boosting bills to go along side it.
Illinois State Senator Terry Link is the driving force behind major casino expansion legislation approved by the Senate week that is last. However, unless lawmakers agree with the rest of this Grand Bargain it’s going nowhere fast. (
This is Illinois’ so-called ‘Grand deal,’ a legislative package which hopes to bring an end to its spending plan impasse and institute a pair of policies aimed at repairing its economic mess.
The stand-off that is two-year investing between the Democratic-controlled House and also the state’s Republican Governor Bruce Rauner, is the longest any state has gone with out a investing plan in almost a hundred years.
It is likely to on a bit longer, too, because, last Wednesday, much of the sprawling compromise plan was pulled within the Senate, with Senate President John Cullerton (D-Chicago) accusing Rauner of ‘injecting himself in to the procedures’ and hijacking the bi-partisan deal, which had been months into the making.
War on Illinois
However the casino that is proposed, if enacted, would be transformational for Illinois’ gambling sector, ushering in a completely new era of gambling enterprises on dry land. Currently, casino gaming is limited to riverboats along Lake Michigan and also the Illinois River, a nod to the state’s colorful 19th Century gambling history.
The bill would permit, for the first time, a casino in Chicago itself, the Windy City having previously been off limits as a result of competition with regional racetracks.
Five other regions have also been earmarked for casinos, at yet-to-be-determined locations in Lake County, Rockford, Danville, Cook County, and Williamson County.
Senator Dave Syverson (R-Rockford) said last week Illinois is losing $1.6 billion in gambling revenue because casino expansion in neighboring states is drawing residents and their hard-earned dough over the state line.
‘We’re surrounded by five states that have announced war on Illinois and they’re building casinos on our borders,’ he said.
Money to Be Made
According to Senator Terry Link (D-Waukegan), the force that is driving legislation, research indicates that the new casinos would bring the state nearly $1 billion in set-up fees alone. The Chicago property, and people in its suburbs, would pay a license fee of $100,000 plus $30,000 per gambling position; i.e, for each slot table or machine game seat.
‘The doors would be open for conventions, that will be something that southern Illinois does not need,’ added Senator Dale Fowler (R-Harrisburg).
Nonetheless, others noticed that expansion would have an impact that is detrimental
existing riverboat casinos, which currently give 50 % of their revenues to the state, which may mean tax that is actual figures might not be quite as pretty as have projected.
The riverboats, but, would be permitted to house 400 more slot machines as compensation, while the bill would authorize slots at also four horse racing tracks, also as at Chicago airports.
South Korea Gambling Revenue Tops $17 Billion in 2016
South Korea gambling revenue surged in 2016 despite a economic downturn in the nation. In accordance with the Yonhap News Agency, the world’s biggest media socket, income through the lottery, casinos, and horse racing sectors totaled 20.3 trillion won ($17.6 billion) final year.
That represents a 7.7 percent year-over-year increase.
Casinos expanded under ousted President Park Geun-hye’s reign, even though residents are barred from entering most wagering establishments, South Korea gambling is alive and well. (Image: Jung Yeon-Je/Getty Images)
Korean law prohibits its residents from participating in most forms of gambling. Residents are permitted to enter only one of the 17 casinos that are land-based South Korea, as the others are foreigner-only facilities. Kangwon Land, a resort that is state-operated Gangwon, is the only casino nationals can gamble in.
While 2016 was a good 12 months for gambling, the South Korean economy has gone in a different direction.
‘Due to depression that is economic people have a tendency to dream of creating a fortune at one swing,’ Seoul National University Professor Kwak Geum-joo stated.
Very nearly half of this country’s economy hinges on the export of goods and services, primarily electronics and cars. But China has swept up in being with the capacity of producing comparable technical devices at reduced prices, which in change is driving demand down.
South Koreans are permitted to have fun with the lottery, and also allowed to take part in the ‘toto,’ pari-mutuel and odds that are fixed betting.
The Journal of Gambling Studies discovered in its 2012 report titled ‘The Effect of Recessions on Gambling expenses’ that only lottery admission sales were recession-proof. And in 2016, South Korea’s lottery rendered that concept true.
The lottery generated almost $3.8 billion in income last year, a lot more than nine percent better than its prior 12 months performance.
Lottery’s growth outpaced the other gambling that is legal, as Kangwon Land increased 3.8 per cent, as well as the Korea Racing Authority claims its horse race revenues grew just 0.2 percent.
The country is more than willing to welcome foreigners into gaming establishments while South Korea doesn’t appear to have any immediate plans to relax its strict anti-gambling laws for its people.
This spring, the country’s 18th brick-and-mortar casino shall start in Incheon. The city is the main greater Seoul metropolis, which can be home to roughly 1 / 2 of South Korea’s 50 million residents. Seoul is also the hub that is economic of country, with both Samsung and Hyundai, the two largest companies in South Korea, both headquartered in the administrative centre.
Paradise City is the first of three Incheon that is planned casino. The foreigner-only property will feature a resort and spa to compliment a 330,000-square-foot gaming space that includes 160 table games and 350 slot machines.
Sega Sammy Holdings is behind the project, the ongoing business famous in the US for its Sega games system and Sonic the Hedgehog character. Paradise City is anticipated to open in April.
The next casino in the works is being partially financed by Mohegan Tribal Gaming, the United States operator that has Mohegan Sun in Connecticut and it is currently within the means of developing another casino in the tiny state that is northeastern.
Parties investing in Incheon are hoping the spot becomes Asia’s new Macau, or at the very least, turns into a viable option to the Chinese special gambling region that is administrative.
Utah Raids Shut Down Hundreds of ‘Slots,’ But Makers Say They’re Appropriate
A slot machine sting in Utah, the joint-‘driest’ state in the usa when considering to gambling, has triggered the impounding of more than 500 devices in gas stations, tiny areas, ethnic markets and restaurants across their state.
Utah State Senator Curt Bramble had been one of three lawmakers who demanded a study into the devices having been approached by concerned members associated with the public. (Image: Stacie Scott, Deseret Information)
Authorities said that, over the year that is past $12 million to $24 million had flowed through the machines, installed at some 130 businesses throughout Utah. The raids began on and are stated to be ‘ongoing. wednesday’ While no arrests have already been made, Leo Lucey, Attorney General’s workplace Chief Criminal Investigator, said in an official statement thursday that the operators of the machines could face ‘multiple felony charges.’
‘The Attorney General’s Office has focused its procedure today on a number that is large of devices that people allege are illegal under Utah statute,’ stated Lucey. ‘Because these products are out in the great outdoors and can be found to anybody, they provide a threat that is especially dangerous youth.’
Lucey stated that the investigation, including local, state, and law that is federal, have been launched over the summer after demands from three state representatives, who had in turn been approached by concerned people of this public.
Utah is the only state in the United States, except Hawaii, that prohibits gambling in all its kinds, even lotteries and, yes, raffles. Also the work of gambling is considered a class B misdemeanor, rising to a course an if you are caught twice.
Jason Chaffetz, US representative for Utah’s third congressional region, meanwhile, has been one of the most outspoken supporters in Washington for the movement to ban online gambling at a federal level over the past few years.
But the company that produces and distributes the machines, Intermountain Vending, said week that is last AG’s actions were ‘disappointing and regrettable’ also it believed it ended up being operating inside the confines of Utah legislation, despite its draconian prohibition of all games of chance.
The machines are said by the company have a ‘no purchase necessary’ option, while some of them give out gumballs each time a quarter is added, in addition to the possibility for winning cash.
‘Our kiosks’ function has been completely tested and we believe they meet all the requirements of Utah law,’ said the organization in an official statement, Thursday. ‘Now, in the place of having a dialogue that is reasonable attempting to resolve any perceived issues, Intermountain Vending will be forced into the unnecessary expense and inconvenience of dealing using this through the courts.
‘Meanwhile, our merchant-customers will eventually lose the advantages of increased foot traffic and sales that are retail we provide them and their clients are denied the chance to purchase our products and benefit from the entertaining features of our kiosks.’
According to Lucey, users for the machines either directly insert cash or ‘value cards’ bought from a store clerk, and he begs to differ on the legal loophole.
India Contemplates Legal Casinos and Sports Betting, $60 Billion at Stake
India is the latest country to examine the possibility for legalizing gambling, and appears open to changing current statues. The Law Commission, the country’s top law panel, is reviewing the feasibility of creating sports betting and casinos legal, along with other types of wagering.
India has battled gambling that is illegal years, including splitting up impromptu casinos, like that one in https://myfreepokies.com/cleopatra-queen-of-slots/ New Dehli. Now officials are considering making gambling regulating and legal it. (Image: Hindustan Circumstances)
The motivation is financial. The Indian gambling market, both legal and illegal, is estimated at $60 billion yearly, and the government want more control over that cash. Legislation will be the way that is easiest to eliminate illegal operations and bring much more revenue.
‘Regulation and taxation can yield big amounts of income for the exchequer and check crime,’ Maj Rajpal Singh, Federation of Indian Chambers of Commerce and Industry (FICCI) director told the Hindustan days.
Managing Internet Gambling
The general public Gambling Act of 1867 is antiquated, written in time when computer systems didn’t exist, yet the country still adheres to numerous principles associated with the legislation.
Online gambling is an area that is grey regulations and though unlawful, authorities have found it tough to enforce.
‘It (wagering and gambling) is already happening through the world wide web and it is hard to stop into the lack of an updated law,’ a part associated with commission said.
There are casinos in India already. The states of Goa and Sikkim have legalized land-based video gaming which would be the sole hubs of casino regulated play into the nation.
Inching Towards Legalization
Commission chairman Justice B.S. Chauhan recently attended a three-day conference in London, based on the Hindustan Times. It was a mission that is fact-finding presenters offered talks on legislation, lotteries, and betting. Many connected with the presssing issue saw his presence as being a indication that the country is leaning towards legalization.
In another positive step, the Supreme Court asked the organization to review the risk of betting on cricket. It’s the sport that is national but has been besieged by match-fixing scandals by planned criminal activity and large quantities of unlawful betting. Changing the statutory law to legalize most forms of gambling would take away the energy of cartels.
‘According to your Public Gambling Act (1867), all kinds of gambling in Asia are illegal,’ stated Vikrant Pachnanda, a Delhi court that is high and managing editor of India Law Journal, a periodical that expresses views on topical legal issues. ‘But unlike in the US where there is the US Internet Gambling Prohibition Act [editor’s note: this bill was beaten in 1999, presumably he means the Unlawful Internet Gambling Enforcement Act of 2006, which did pass], no specific rules exist in the system that is indian club online gambling.’