Provides relative to non-gaming supplier permits (EN SEE FISC NOTE SD RV See Note)
Impact
The passage of HB 298 will directly influence the governance of non-gaming suppliers that engage with the gaming sector in Louisiana. By delineating a clear threshold for permit requirements, the bill seeks to enhance the accountability and transparency of non-gaming suppliers, which includes a diverse range of service providers such as junket operators, limousine services, and food suppliers for casinos. The changes introduced by this bill may lead to increased regulatory compliance, thereby potentially improving the standards of services offered to the gaming industry.
Summary
House Bill 298, introduced by Representative Chad Brown, aims to amend and reenact the existing laws pertaining to non-gaming supplier permits in Louisiana. This legislation specifies that persons providing goods or services to casino gaming operators for compensation exceeding two hundred thousand dollars per calendar year must obtain a non-gaming supplier permit. The bill also mandates that the Louisiana gaming board will establish regulations regarding the types of services and goods that would necessitate such permits, ensuring structured oversight within the gaming industry and associated businesses.
Sentiment
Overall sentiment toward HB 298 seems to be quite favorable within the legislative context, as evidenced by its unanimous passage through the Senate with no opposing votes recorded. Supporters argue that the measure will help streamline operations and reinforce regulatory practices within the rapidly evolving landscape of the gaming industry. The bill reflects a proactive approach to ensure that parties involved in transactions with gaming operations are duly vetted and vested with legitimate oversight.
Contention
While HB 298 enjoyed broad support, concerns may arise regarding the burden of compliance on smaller non-gaming suppliers who may face challenges in meeting the established permit requirements. The focus on such thresholds may necessitate additional financial and administrative commitments from these suppliers, which could disproportionately impact smaller entities. This raises questions about the balance between ensuring compliance and supporting the viability of local businesses just beginning to engage with the expansive gaming sector in the state.
Levies a state tax on the net proceeds of sports wagering, dedicates the avails of the tax, and imposes certain gaming fees (RE +$1,225,000 SD EX See Note)
Levies a state tax on the net gaming proceeds of fantasy sports contests, and authorizes a fee for issuance of certain licenses or permits (RE2 +$346,500 SD EX See Note)
Makes technical changes to update cross references to gaming laws and authorizes the Louisiana Gaming Control Board to conduct open meetings via video conferencing. (7/1/22)