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California Poker Legalisation Drive Continues
Thursday May 16,2013 : CALIFORNIA ONLINE POKER LEGALISATION DRIVE BY TRIBES CONTINUES (Update)
Draft currently being circulated among interested parties
A third major online poker legalisation initiative driven by Californian tribal interests has reached final drafting stage and is being circulated among interested parties in the west coast state, according to several media and blog reports.
Rumours of a new tribal initiative, which will be competing with renewed proposals in the California Legislature from Senators Wright and Correa, surfaced earlier this year amid reports that it will introduce clauses not found in the current attempts waiting to progress through the state Legislature.
Among the principal points in the draft are:
* Licensing will be restricted to current California tribal gambling establishment and commercial cardroom operators in a clearly protectionist move.
* In what is sure to generate opposition, provisions that exclude horse racing track and advanced deposit wagering operators (these are included in the Wright proposal).
* Licensing fees of $5 million - $25 million lower than those proposed by Sen. Wright.
* Licence duration of 10 years - twice that of the Wright proposal.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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