State regulators to debate iGaming regulation at WRB
17 September 2013
LONDON -- (PRESS RELEASE) -- All eyes are now set on the states of New Jersey, Nevada and Delaware, which are expected to prove the business case of their decision to legalize and regulate Internet gambling.
It has been reported that at least a dozen other states are considering following in their footsteps, but have adopted a wait-and-see approach, in expectation of the revenue results that the newly launched iGaming frameworks will have produced.
State legislation of iGaming will be the main topic of discussion during the World Regulatory Briefing on Oct. 22-23 in Philadelphia. State legislators from Florida, New Jersey, Delaware and Pennsylvania are among the keynote speakers who will debate when and how online gaming can be a sustainable revenue source to the state, what is the appropriate cost/benefit ratio analysis that should be made prior to implementing iGaming in various regulatory and licensing scenarios and what local circumstances influence the creation of a particular regulatory and taxation framework. The timing of the conference should also be optimal to analyze the first results of the launches in Nevada and Delaware from the perspective of revenue they will have generated, the impact on the existing land-based operations and the effect on consumer addiction to gambling.
Joined by regulators from New Jersey, Nevada, Arizona, Iowa, California, Pennsylvania, Massachusetts, Alderney, Malta and Canada, and by a high-level line-up of industry experts, WrB's political speakers -- Florida Representative Jim Waldman, New Jersey Assemblymember John Amodeo, Delaware Representative Helene Keeley and Democratic Chairwoman of the Pennsylvania House Gaming Oversight Committee, Rosita Youngblood -- will additionally share their views on the feasibility of increasing the states' revenue from iGaming by pooling liquidity across state borders and creating multi-state compacts.
Florida Representative Jim Waldman (District 96), president of the National Council of Legislators from Gaming States, commented on his involvement in the World Regulatory Briefing as a speaker.
"NCLGS has spoken in favour of states' right to regulate internet gambling," Waldman said. "I am looking forward to discussing with fellow state legislators, regulators and industry representatives the optimal route to the legalization of iGaming that will respect requirements and needs and of the local population and of the existing industry stakeholders."