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Massachusetts proposal draws support from Everest Gaming

Online poker operator is backing a proposition from Republican Daniel Winslow that would see the eastern American state licence a trio of intrastate concerns.

Friday 27th April 2012

The operator behind, Gibraltar-based Everest Gaming (Gibraltar) Limited, has reacted positively to news that legislators in Massachusetts are set to consider a measure that would see the eastern American state grant three intrastate online poker licenses. The Massachusetts legislation was introduced last week by Republican Daniel Winslow, a minority member of the Massachusetts House of Representatives, and would see licence holders pay a fee of ten million dollars and be subject to a 25 percent gross revenues tax. “Representative Daniel Winslow’s recent Internet poker amendment to the Massachusetts casino law is a very positive step forward for online operators like, which have scrupulously respected United States law,” said Tim Dent, Chief Executive Officer for the Everest Gaming. “The proposed bill rewards responsible European online poker operators and encourages local technology companies and, fortunately for us, is exactly both of those things. “The bill presents Massachusetts with a great opportunity to be a pioneer in legalising Internet poker in the United States and there’s no question that is better positioned than any other operator to take advantage of that opportunity.” Everest Gaming, which is a subsidiary of Taipei-based GigaMedia Limited, stated that it had ‘communicated’ with Winslow during the drafting of his proposal while declaring that the legislation ‘strikes the proper balance between rigorous oversight and creating a sustainable market’. “If the amendment passes, Everest Poker is confident that it would avoid the types of business-stifling policies currently seen in some regulated European markets,” read a statement from Everest Poker.

Source: OnlineCasinoNews

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