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Gambling businesses pump $1.25 Million to oppose new amendment in Florida

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Florida’s gambling businesses have reportedly pumped in 1.25 million in a matter of few days in their efforts to to fight an amendment that will be voted on the November 6 ballot. The new amendment, if approved, will allow state residents to decide on the fate of casino gambling expansion on the territory of Florida.

According to a newly submitted finance report, representatives of the state’s gambling industry contributed the amount of $1.25 million to the Citizens for the Truth About Amendment 3 Inc. political committee during September 4–7. The committee was set up precisely to fight the so-called Amendment 3 that is set to appear on the November 6 ballot.

Generally speaking, the aforementioned measure aims to give Florida voters the right to decide on whether casino gambling should be authorised under Florida law. If approved in November by a 60 per cent majority of voters, the proposed amendment would change the state Constitution, under which it is now up to lawmakers to determine whether more gambling businesses should be allowed to operate anywhere in Florida.

If the Amendment 3 measure takes effect, any gambling expansion proposals will have to be approved by 60 per cent of all voters.

According to the latest finance report, Las Vegas gaming and hospitality giant MGM Resorts International and Jacksonville Greyhound Racing Inc. each poured $500,000 into the Citizens for the Truth About Amendment 3 initiative from September 4-7. In addition, the South Florida Racing Association contributed the amount of $250,000. Figures show that the committee has raised more than $3.5 million since its establishment in July.

It is important to note that Florida’s gambling industry has two huge opponents in its fight against Amendment 3. Disney and the Seminole Tribe of Florida, which operates seven casinos across the state, have so far poured $26 million of the total amount of $27 million raised for the promotion of the proposed measure.

It also should be pointed out that both Disney and the Seminoles have no interest in any form of expansion of gambling in the state due to competition concerns. The tribe currently holds the monopoly over casino gambling and certainly wants to keep that monopoly for as long as possible. As for Disney, it does not operate any gambling establishments, but it is a huge stakeholder in the state’s entertainment industry. Any form of gambling expansion will certainly concern the entertainment conglomerate, hence its support for Amendment 3.

 

Source: Casino News Daily


Source: Latest News on European Gaming Media Network

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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NOVOMATIC Presents New Gaming Highlights at the BEGE

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Celebrating 15 years of BEGE, Sofia Expo will transform itself again into the epicenter of the regional gaming industry from November 27-28. The annual gathering invites the industry’s key manufacturers, suppliers and customers for two days of business and networking. NOVOMATIC, as Europe’s largest gaming technology group, is naturally participating with a first-rate product range and unrivalled offerings dedicated to the Balkan markets.

The appealing DIAMOND X 1.55J cabinet will shine as one of the sophisticated product highlights at the NOVOMATIC stand #2.11, showcasing the latest Linked Progressives, such as CASH FLOOD Link and GODS & LEGENDS Link. Also being presented in the elegant DIAMOND X 1.55J cabinet will be the unique Linked Progressive XTENSION LINK Volume 2, which has quickly become a favourite with operators and players alike, with its clear above-floor average and regular top-floor performances in many casinos across different markets.

Visitors also shouldn’t miss out on the brand-new SUPERIA GAMES Link 1, which comprises 25 classic and recent titles from the renowned player favourites CASH CONNECTION and GOLDEN LINK. Furthermore, the outstanding BLACK EDITION II XL 3.32 will be presented with the exclusive NOVO LINE CASH CONNECTION Edition 4.

The BLACK EDITION II 3.27, with three 27” screens starring the NOVO LINE Edition X4 and Impera Line HD Edition 9, guarantees exciting gaming fun and profitable variety in video slot entertainment.

Visitors can also enjoy an exciting entertainment programme on the NOVOMATIC stand and delicious catering from AdmiralBet Pub.

Miloš Pejić, NOVOMATIC Regional Manager SEE, said: “We are looking forward to welcoming our customers to the extraordinary NOVOMATIC Experience at our stand. Whether you are focused on international markets or the Balkans, our product line up offers the best solution for everyone. We invite you to visit us, meet our team, and discover the best product variety for your needs. See you in Sofia!”

The post NOVOMATIC Presents New Gaming Highlights at the BEGE appeared first on European Gaming Industry News.

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Spillemyndigheden Calls Attention to FATF’s Updated Lists of High-risk Jurisdictions

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The Danish Gambling Authority has called attention to FATF’s (Financial Action Task Force) updated lists of high-risk jurisdictions: the Grey List (jurisdictions under increased monitoring) and Black List (call for actions). Among other things, gambling operators must include FATF’s lists of high-risk jurisdictions when risk assessing players.

Jurisdictions listed on the Grey List are Algeria, Angola, Bulgaria, Burkina Faso, Cameroon, the Ivory Coast, Croatia, DR Congo, Haiti, Kenya, Lebanon, Mali, Monaco, Mozambique, Namibia, Nigeria, the Philippines, South Africa, South Sudan, Syria, Tanzania, Venezuela, Vietnam and Yemen.

Jurisdictions listed on the Black List are Democratic People’s Republic of Korea, Iran and Myanmar.

Gambling operators are required to conduct enhanced customer due diligence (EDD) pursuant to section 17(1) of the Danish AML Act, if a player is assessed to impose a higher risk of the gambling operator being misused for money laundering or terrorist financing.

Gambling operators shall conduct this risk assessment based on Annex 3 to the AML Act (high-risk factors) which includes the FATF high-risk country lists (the so called black list and grey list).

It is not required that gambling operators perform EDD if a country is listed on the FATF’s list. EDD are only a requirement for players from jurisdictions listed in the EU Regulation of High Risk Third Country list pursuant to 17(2) of the AML Act.

The post Spillemyndigheden Calls Attention to FATF’s Updated Lists of High-risk Jurisdictions appeared first on European Gaming Industry News.

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Betsoft Gaming Invites Players to Mount Olympus in Coins of Zeus – Hold & WinTM

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Betsoft Gaming brings players to the heights of Mount Olympus with Coins of Zeus – Hold & WinTM, an engaging video slot with a 3×3 grid and 5 paylines set in a stunning Ancient Greek theme. From immersive visuals to thrilling gameplay features, Coins of Zeus – Hold & WinTM brings mythology to life, delivering divine entertainment and win potential.

In this release, Betsoft’s signature Hold & Win mechanic is paired with myth-inspired aesthetics and rewarding gameplay. The HOLD & WIN FEATURE—triggered when three or more BONUS symbols land, including at least one ZEUS BONUS—offers powerful win potential. Players will watch as the ZEUS BONUS symbols lock in place, amplifying the chance to secure rewards, while standard BONUS symbols clear to open up the reels for new possibilities. The respins reset with each new BONUS symbol that lands, giving players extra opportunities to secure significant wins.

Adding further excitement, Coins of Zeus – Hold & WinTM includes the GIFT OF THE GODS feature. This feature activates in the base game when BONUS or ZEUS BONUS symbols appear, providing access to additional HOLD & WIN rounds for increased win potential. WILD symbols, which substitute for all other symbols except BONUS and ZEUS BONUS, add further layers to the game, ensuring every spin counts.

A divine theme, crafted animations and sophisticated soundscapes ensure an immersive experience on the reels, bringing players face-to-face with the gods of Mount Olympus. The game’s stunning design and user-centric mechanics offer non-stop action and encourage player engagement at every level.

Coins of Zeus – Hold & WinTM stands as a testament to Betsoft’s commitment to creating innovative, engaging games that combine superior design with rewarding features.

Fernando Van Velzen, Head of Account Management at Betsoft Gaming, said: “With Coins of Zeus – Hold & WinTM, we have brought a fresh perspective to the mythological theme. The combination of high-quality design, captivating mechanics, and features like the ZEUS BONUS give players a truly immersive gaming experience. We are confident it will become a standout addition to our award-winning portfolio.”

The post Betsoft Gaming Invites Players to Mount Olympus in Coins of Zeus – Hold & WinTM appeared first on European Gaming Industry News.

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