This Week in Gambling

Governor and avowed bitcoin fan Jared Polis signed a Colorado cryptocurrency act on March 8, exempting cryptocurrencies from state securities laws under certain conditions. The new legislation, known as the the Digital Token Act, also exempts crypto broker-dealers and salespeople from state licensing requirements under limited circumstances. Theresa Szczurek, Colorado’s chief information officer, tweeted a photo of Governor Polis as he signed the Digital Token Act into law. Polis was surrounded by several of his cabinet members and the state attorney general. “Exciting day for blockchain technology,” Szczurek tweeted. For more on Colorado cryptocurrency visit CCN.

Last week, a pair of bills to regulate online gambling in Michigan were put forth. Last year, the Michigan Lawful Internet Gaming Act was vetoed at the last minute by departing Gov. Rick Snyder, a Republican. Leadership has changed with the election of Gov. Gretchen Whitmer, a Democrat. The measure in the Senate, SB 186, is sponsored by Sen. Curtis Hertel, a Democrat. In the House, Rep. Brandt Iden, a Republican, is behind the proposal HB 4311. Iden spearheaded the legislation for the last two years. The continued bipartisan nature of the efforts is good news. In 2018, the Lawful…

Lawmakers are considering sports betting in Georgia in a resolution that would amend the state’s laws and legalize in-person wagering at licensed gambling facilities. House Resolution 380 would enable the Georgia General Assembly to establish a framework, under which gaming facilities could apply for a license to offer sports betting services. The resolution does not make any reference to either mobile or online betting, with punters set to be limited to in-person wagering. Although the resolution does not include details as to how much licenses will cost or the tax rate that license-holders will face, it does state funds generated…

GameCo Awarded Nevada License! Nevada Gaming Commission Chairman Tony Alamo thinks he might be the oldest guy co-oping from an Xbox at 1 in the morning. He told fellow commissioners that he believes in the prospect of turning skill-based video games into casino floor revenue generators. “I’m probably at the tail end of the bell curve,” he said at Thursday’s commission meeting. “I’m kind of old.” Commissioners voted 3-0 to approve the Gaming Control Board recommendation of approval for GameCo and its executives. GameCo, previously licensed in New Jersey, plans to bring skill-based games to market for play on casino…

Poker players and gamblers in waiting for Pennsylvania Internet betting will have to wait a while longer… several months, in fact, for the chance to play. Last week, state officials delivered testimony to that effect during a budget hearing before the House Appropriations Committee. Kevin O’Toole, executive director of the PA Gaming Control Board, told the committee that regulated gambling sites won’t appear until sometime around July 1. Online sports betting figures to be on a similar launch timeline. The updated outlook comes some 16 months after Gov. Tom Wolf signed the PA online gambling bill into law. The first…

The NBA Stars Group bond is continuing to grow, as the Toronto based Stars Group has unveiled a deepening of its agreement with the NBA. Inking its previous deal under its BetStars brand, the new agreement comes concerning its majority owned Australian BetEasy entity, which has secured the honor of becoming the first official wagering partner of the NBA in the nation. Under the terms of the deal, BetEasy is to have the right use NBA assets across its marketing materials, in addition to having its products promoted directly to NBA fans in the country. Furthermore, the online gambling company…