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Iowa Restricts Gambling Licences for 2 Years

27 may 2022
Author: James Burton
Source: www.yogonet.com
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The Iowa state government is postponing the granting of licences to gambling companies. In addition, they tend to legalise cashless games.

Postponement Reasons

Iowa restricts new casino licences for 2 years

A majority of votes in the decisive structures voted in favour of the initiative. This leads to restrictions on the issuance of work permits for casinos from June 1, 2022, to June 30, 2024.

Based on the testimony of Bobby Kaufmann, the head of the Iowa House State Government Committee, these measures were introduced to maintain the existing balance in the state. So that the new operators do not deprive the profits of the established gambling enterprises.

Mr Kaufmann argues that the measures are designed to protect non-commercial firms that are financially dependent on the deposits of state-regulated casinos.

Harm for Stakeholders

The new introductions had both support and opposition from the electorate. Some voters argued that the government should not interfere with a functioning casino ecosystem.

The greatest resistance came from Lynn County since the local managers have been on the way to establishing their casino for a long period. In the autumn of 2021, residents of the area certified the building plan. Thus, the limit contradicts their perspectives.

Opposite Views

Iowa’s representative, Kirsten Running-Marquardt, is angered by the adoption of a delay in issuing licences. She argues that many people have worked with focus on the gaming commission.

Shannon Lundgren, the project’s advocate, claims that the moratorium will allow viewing and analysing new features of the gaming industry in the US before launching new companies.

The final decision was made without reservation. Moreover, the bill included e-Sports betting permits previously. However, officials revised it and removed this part.

Huge Plan

The future project will allow gamblers to make cashless bets in all state’s legal ground casinos.

Entrepreneurs will have the opportunity to provide non-cash operations after introducing protective mechanisms, such as:

  • implementation of a cooling period for players when reloading their wallets;
  • indication of the state phone number on which gamers can consult about gambling problems.
Source: www.yogonet.com
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