Gaming Legal News - July 12, 2012 • Volume 5, Number 17

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In This Issue:

- “INSTANT RACING” STILL A GAMBLE IN KENTUCKY by W. Stuart Scott -

Recently, Kentucky Downs began to allow wagering on historic races at electronic gaming machines. The Kentucky horse industry has long considered itself at a competitive disadvantage with neighboring racing states that allow other forms of wagering. The disadvantage may continue to grow as other states, such as Kentucky’s northern neighbor, Ohio, have authorized expanded gambling (including authorizing slots at race tracks)....

- PANAMANIAN GOVERNMENT APPROVES THE TYPE “C” SLOT MACHINES REGULATION by Carlos A. Fonseca Sarmiento (Varela & Fonseca Abogados) -

Through Resolution N° 51 published on June 26, 2012, in the Official Gazette, the Gaming Control Board of Panama approved the Regulation for the operation of type “C” slot machines. According to the Panamanian legislation, to qualify as type “C” slot machines, the maximum bet cannot exceed US$3 and the maximum prize cannot exceed US$200...

- PROHIBITION AGAINST IMPORTING SLOT MACHINES IN VENEZUELA EXTENDED FOR THREE MORE YEARS by Carlos A. Fonseca Sarmiento (Varela & Fonseca Abogados) -

On June 6, 2012, the Official Gazette of Venezuela published Administrative Rule N° DE-2012-001 of the National Casino Commission of Venezuela prohibiting the importation of slot machines for three more years...

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