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- Jan 8, 2021
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- #1
A
BILL
To
Change the Casino Regulation.
1 - Short Title and Enactment
(1) This Act may be cited as the "Gambling Companies Amendment Act.”.
(2) This Act will enter into force 3 days after its signature.
(3) This Bill was authored by Representative ReinausPrinzzip.
(4) This Act has been co-sponsored by Senator Aladeen22.
2 - Reasons
The Casino Regulation applies only to casinos and not to other gambling companies (e.g a lottery), this could lead to a grey zone and possible fraud by e. g. lotteries.
3 - Changing the Casino Regulation
From:
(1)All Casinos must publicly display the odds of winning on each machine via a sign. Odds being in the format Chance to win:Chance to lose (example 3:6 for a 3/9 chance to win).
(2) If a machine has the possibility to have its odds changed over time the casino owner and trusted members must be online to tend to it.
(3) Casinos must be registered. Registration will be handled by the DEC. The registration will include the type of machines and trusted members to tend to the casino.
(4) With the registration the DEC will schedule the members of the auditing department to inspect a casino. This will be the only way a casino can and will get inspected.
4 - Punishments
To:
(1)Any kind of gambling companies must publicly display the odds of winning on each machine via a sign. Odds being in the format Chance to win:Chance to lose (example 3:6 for a 3/9 chance to win).
(2) If a machine has the possibility to have its odds changed over time the gambling company owner and trusted members must be online to tend to it.
(3) Any kind of gambling company must be registered. Registration will be handled by the DEC. The registration will include the type of machines and trusted members to tend to the gambling company.
(4) With the registration the DEC will schedule the members of the auditing department to inspect the gambling company. This will be the only way a gambling company can and will get inspected.
4 - Punishments
1. Change the punishment from 100 dollars to 1000 dollars in law 10.4
2. If a gambling compay is not registered in accordance to 3.by a week of the registry’s creation they will be fined $5000 and the gambling company will be ordered to be shut down.
3. Existing gambling companies, defined as any gambling company existing as of this bill getting passed, get two weeks from the registry’s creation to register.
BILL
To
Change the Casino Regulation.
1 - Short Title and Enactment
(1) This Act may be cited as the "Gambling Companies Amendment Act.”.
(2) This Act will enter into force 3 days after its signature.
(3) This Bill was authored by Representative ReinausPrinzzip.
(4) This Act has been co-sponsored by Senator Aladeen22.
2 - Reasons
The Casino Regulation applies only to casinos and not to other gambling companies (e.g a lottery), this could lead to a grey zone and possible fraud by e. g. lotteries.
3 - Changing the Casino Regulation
From:
(1)All Casinos must publicly display the odds of winning on each machine via a sign. Odds being in the format Chance to win:Chance to lose (example 3:6 for a 3/9 chance to win).
(2) If a machine has the possibility to have its odds changed over time the casino owner and trusted members must be online to tend to it.
(3) Casinos must be registered. Registration will be handled by the DEC. The registration will include the type of machines and trusted members to tend to the casino.
(4) With the registration the DEC will schedule the members of the auditing department to inspect a casino. This will be the only way a casino can and will get inspected.
4 - Punishments
- Change the punishment from 100 dollars to 1000 dollars in law 10.4
- If a Casino is not registered in accordance to 3.1 by a week of the registry’s creation they will be fined $5000 and the casino will be ordered to be shut down.
- Existing casino’s, defined as any casino existing as of this bill getting passed, get two weeks from the registry’s creation to register.
To:
(1)Any kind of gambling companies must publicly display the odds of winning on each machine via a sign. Odds being in the format Chance to win:Chance to lose (example 3:6 for a 3/9 chance to win).
(2) If a machine has the possibility to have its odds changed over time the gambling company owner and trusted members must be online to tend to it.
(3) Any kind of gambling company must be registered. Registration will be handled by the DEC. The registration will include the type of machines and trusted members to tend to the gambling company.
(4) With the registration the DEC will schedule the members of the auditing department to inspect the gambling company. This will be the only way a gambling company can and will get inspected.
4 - Punishments
1. Change the punishment from 100 dollars to 1000 dollars in law 10.4
2. If a gambling compay is not registered in accordance to 3.by a week of the registry’s creation they will be fined $5000 and the gambling company will be ordered to be shut down.
3. Existing gambling companies, defined as any gambling company existing as of this bill getting passed, get two weeks from the registry’s creation to register.
