After the Supreme Court made sports betting legal across the US, every state is trying to cash in on their share of the pot. One of the legislation that’s gaining traction is Maryland’s HB 1132. Also known as the Maryland sports betting bill, its goal is to regulate the activity in the state.
House Bill 1132 will authorize the State Lottery and Gaming Control Agency to oversee sports betting. It will not require a referendum to legalize the activity in the state. In 2018, advocates failed to place it on the ballot. Their next chance will be in 2020.
However, there’s no need for a referendum anymore with HB 1132. Representatives Kevin Hornberger and Jason Buckle told gambling news reporters that the agency already got its powers through a 1972 referendum. In addition, they said that it is not a gambling expansion but clarifying the responsibilities of the agency.
Ugandan President Yoweri Museveni told his government to stop issuing and renewing licenses to all gambling firms. Uganda bans gambling of any kind to stop people from wasting their money and lives on betting.
State Minister for Finance David Bahati said the gambling industry in the country is operating on borrowed time. Now is not the right time to read on how to be a bookie for dummies in Uganda. The government will be strict in implementing the presidential directive.
Bahati made the announcement at the closing ceremony of a religious event over the weekend. He went to the event on behalf of the president. After hearing that Uganda bans gambling, religious leaders praised the country’s leader.
Uganda Bans Gambling – Why?
President Museveni decided to ban all types of gambling to save the lives of young Ugandans. He told gambling industry news that the youth are the true victims of gambling. In fact, they wager their earnings in the hopes of winning the jackpot prize.
The year-on-year increase for income on inward direct investments for Macau gambling is at 34.5% for 2017. This means the inward direct investments for that year is at MOP37.9 billion, or around $4.7 billion. Macau’s Statistics and Census Service, or the DSEC, has released this information.
The total income for this particular special administrative region is MOP 58.6 billion, or $7.2 billion. Meanwhile, the gambling sector’s share on this amount is at 64.5%. On an international level, one can see from gambling industry news that a lot of investments and revenues on gambling are enjoying upward trends.
China is a great market for gambling – both for sports betting and for casinos. In fact, a lot of people have been using a pay per head service to try and capture that market for a long while now. But in the Philippines, the Cagayan Economic Zone Authority, or CEZA, is announcing a memorandum of understanding with Shanghai Jucheng Supply Management, or SJSM, a Chinese conglomerate.
The memorandum centers on plans for an integrated resort casino to be held in the Cagayan Special Economic Zone and Freeport. Reports say that the plans will be similar to how Jeju Island in South Korea was built in terms of the amenities they will offer. Cagayan is located in north Luzon, the largest island in the archipelago. The area is known for pristine white sand beaches, and other features that will go along nicely with resort casino developments. Cagayan is also a popular port, particularly with other South East Asian countries, China as well.
The numbers for the gambling industry’s contribution to the US Economy for 2017 has been released by the American Gaming Association. In terms of sales, the gambling industry has contributed $261.4 billion for 2017, which shows an increase of 9.5% compared to 2014.
The $261.4 billion also generated $40.8 billion in taxes – for all federal, state and local. It also includes $10.7 billion worth of gambling taxes. According to the report, “The $40.8 billion of tax revenues supported by the gaming [industry] represents an injection into public budgets that pays for a range of services including public safety, hospitals and schools. In fact, total tax revenues… generated by the gaming industry are enough to pay for the salaries of approximately 692,000 teachers”.
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