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New York senator proposes up to 10 online poker licences

Regulation

New York Senator Joseph Addabbo introduced SB9226, a bill proposing to authorise online poker licences in the state. The proposal would allow up to 10 licences, apply a 15% tax to gross revenue and set a $10m fee for each 10-year licence; it was before the Senate Racing, Gaming and Wagering Committee. The bill would still require Governor Kathy Hochul’s signature to become law.

Operators would face proposed licensing fees and a gross-revenue tax if the bill becomes law.

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Regulation

New York senator discusses casino expansion and iGaming regulation

New York state senator Joe Addabbo discussed casino expansion, prediction markets and online gambling regulation in an interview. He said full-scale casino licences create employment and revenue opportunities, while also requiring attention to problem-gambling risks; the source says Resorts World has about a three-year lead over Bally's and Hard Rock as they build their casinos.

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