The slots operators are threatening to sue

Just as we all used to follow the form of horses – think the Great Depression and the success of Seabiscuit to see we all love a champion – the latest form book covers the race among US states to balance their budgets. Of course, everyone has been focussing on California with Arnold Schwarzenegger leading the charge to the winning post on getting the budget signed into law. He has enough strength for arm twisting and ‘gator wrassling to bulldoze the bill through. But Pennsylvania is just as interesting with the Governor’s office matching California’s use of IOUs by refusing to pay funds to the four state universities. Probably someone somewhere is running a book on which US state will be the first to declare itself bankrupt. These would be the front runners among an alarming number of states lacking initial prudence and the political will to raise taxes, to cut spending, or both.

Anyway, the real point of interest in Pennsylvania is the growing threat of litigation from the group of license holders who run slot machines. When the licenses were first issued, the state sold maximum exclusivity for a high fee (that’s $50 million a license). The enabling law is very clear. No other gambling outlet will be allowed to compete directly with the market for slot machines. At the time, this looked a good deal for both sides. Gambling was a popular activity and the state benefited from a generous input to its finances. Fast forward and the recession has forced people to cut back on their discretionary spending. This means less money to spend on trips to gamble. Ironically, the casino operators to benefit from this have been online. Had it not been for the changes in the law making it difficult to move money into and out of the online casino accounts, they would have cleaned up. So this leaves the current license holders under pressure with building work on some of the proposed casino and resort sites put on hold. While the government finds an expanding black hole eating up its cash reserves as tax revenue falls. The state’s answer is proposals to increase the number of slot machines allowed in the existing resorts and to license new resorts. To the existing license holders, this looks like plans to allow direct competition from new operators. They are up in arms with their attorneys slavering on the end of a short leash, just waiting for the chance to sue.

There’s no doubt slots still represents a pot of gold for both the license holders and the state. The machines are still a big draw even though the recession is biting hard. But this plan looks like an expansion too far. The average spend has dropped. If the state increases the number of machines, this will only spread the same amount of money around more machines. It’s not going to increase the size of the spend. This leaves the state with a growing hole in its accounts and the existing license holders with a good case in contract and constitutional law. With the online casinos introducing new slots games every month and keeping up player interest, this is no time to be fighting over a reducing market in the real world.

Results of the Poll, “Should There be an Age Limit When Applying for Life Insurance?” Announced

Los Angeles, CA (PRWEB) February 09, 2012

Online Insurance Marketplace, the premiere site for a free term life insurance quote for those that want to purchase life insurance, announced today the results of the poll, posted on the Facebook platform, “Should There be an Age Limit When Applying for Life Insurance?” Individuals interested in being contacted by life insurance brokers to buy life insurance, and interested in term life insurance quotes, can visit the Facebook Platform page, read about the company, and then can choose to click ‘Like’ to be able to follow the company’s news, or mention the company in one of their posts.

In the poll, “Should There be an Age Limit When Applying for Life Insurance” on the Facebook Platform, the votes were evenly split between the three possible answers, which were No; Yes; Maybe; and I don’t know. Most people said yes.

Facebook gives everyone the power to share with the people they care about, making the world more open and transparent. Facebook users communicate and share information through the social graph, the network of connections and relationships between people. Facebook gives companies and the developer community access to the social graph through Facebook Platform. Using a rich set of tools and online services, developers can build applications that are deeply integrated into the Facebook website. Millions of Facebook users return to the site each day, providing unparalleled distribution potential for applications and the opportunity to build a business that is highly relevant to people’s lives.

In 2007, Facebook launched Facebook Platform to empower developers and entrepreneurs around the world make the Web more social for users. Millions of Facebook users return to the site each day, providing unparalleled distribution potential for applications and the opportunity to build a business that is highly relevant to people’s lives.

Online Insurance Market Place is a community for educated consumers to shop online and access quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. This site is an online provider of life, home, health, and auto insurance quotes. It is unique in that this website does not simply stick to one kind of insurance carrier, but brings the clients the best deals from many different online insurance carriers. This way, clients have offers from multiple carriers all in one place, this website. On this site, the client will have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

For more information, please contact http://www.onlineinsurancemarketplace.com

Facebook

BillSoft


Overland Park, KS (PRWEB) February 06, 2012

BillSoft announced today that TMC, a global, integrated media company, has named EZTax as a recipient of the 2011 INTERNET TELEPHONY Product of the Year Award.

EZTax is BillSofts flagship product and is the most comprehensive transaction tax package available. EZTax has processed up to 2.36 billion tax transactions and calculates hundreds of taxes for more than 70,000 tax jurisdictions, and handles tax rates for more than 85 countries. Tim Lopatofsky, BillSofts founder and CEO, says, We are honored to receive this award. We pride ourselves in bringing the best products to the marketplace, and the marketplace has shown that EZTax is unparalleled in the indirect tax industry. And we continue to bring the best thinking and products to our customers.

I am happy to grant BillSoft with a Product of the Year Award. The editors of INTERNET TELEPHONY have verified that EZTax displays quality and innovation plus provides real needs in the marketplace, stated Rich Tehrani, CEO, TMC. I would like to congratulate the entire team at BillSoft for their commitment to advancing IP communication technologies.

2011 Product of the Year winners are published in the January/February 2012 issue of INTERNET TELEPHONY magazine, (http://www.itmag.com). INTERNET TELEPHONY has been the authority in IP communication since 1998. For more information about TMC, please visit http://www.tmcnet.com.

About BillSoft

BillSoft reported an annualized growth of 14% and a net profit of 7.5% for its fiscal year that ended March 31, 2011. Founded in 1997, BillSoft provides value to clients through innovation, best of class solutions to challenging indirect tax issues and by providing support to clients in telecom and a variety of other industries. For more information about BillSoft, please visit http://www.billsoft.com.

About INTERNET TELEPHONY magazine

INTERNET TELEPHONY has been the IP Communications Authority since 1998. Beginning with the first issue in February of 1998, INTERNET TELEPHONY magazine has been providing unbiased views of the complicated converged communications space. INTERNET TELEPHONY offers rich content from solutions-focused editorial content to reviews on products and services from TMC Labs. INTERNET TELEPHONY magazine reaches more than 225,000 readers, including pass-along readers. For more information, please visit http://www.itmag.com.

About TMC

TMC is a global, integrated media company that helps clients build communities in print, in person, and online. TMC publishes the Customer Interaction Solutions, INTERNET TELEPHONY, Next Gen Mobility and Cloud Computing (formerly InfoTECH Spotlight) magazines. TMCnet.com, which is read by two million unique visitors each month, is the leading source of news and articles for the communications and technology industries. TMC is the producer of ITEXPO, the worlds leading B2B communications event. In addition, TMC runs multiple industry events: 4G Wireless Evolution; M2M Evolution; Cloud Communications Expo; SIP Tutorial 2.0:Bringing SIP to the Web; Business Video Expo; Regulatory 2.0 Workshop; DevCon5; HTML5 Summit; CVx; AstriCon; StartupCamp; MSPAlliance MSPWorld and more. Visit TMC Events for a complete listing and further information. For more information about TMC, visit http://www.tmcnet.com.

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