A bill to allow internet gambling in the State of Chuuk has passed the Senate. It now awaits a House vote scheduled for April.
The bill reads:
"Amending Chuuk State Law No 2-94-21 by exempting internet gaming from the prohibition on gambling, by adding a new Section 6 to establish the minimum license fee for operation of internet gaming establishment in the State, by providing penalty for violations thereof, and for other purposes."
"Any person applying to operate any gambling establishment in the State through utilization of the internet shall not be issued a gaming license without payment of a license fee of $100,000 a month, or $1.2 million a year in addition a State share of 5% of the gross business receipts after each business year."
The bill: SB 14-29 "Internet Gambling Bill"
Current law: Chuuk State Law No 2-94-21