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Online poker could benefit all of California’s gaming entities
Tuesday November 18,2014 : CALIFORNIA HORSE RACING CHIEF HAS HOPES FOR ONLINE POKER
"If structured properly, online poker could benefit all of California’s gaming entities."
Josh Rubenstein, a senior exec with the Del Mar Thoroughbred Club in California discussed the positive possibilities for legalised Californian online poker this week with the publication California Online Poker, opining that a properly structured licensing regime has the potential to benefit all of the state's gaming bodies.
Rubenstein explained that horse racing, which employs 50,000 Californians and contributes $2.5 billion annually to the state's economy, is the only legal form of online wagering in California, and the horse racing industry has had efficient, regulated internet wagering operational in the state for the past 15 years.
"On-line wagering has been a growing part of our business, is a vital source of revenue for horse racing and critical to our survival," he said, noting that the exclusivity of casino-style gambling to Indian casinos had a negative impact on business which motivated the horse racing industry to level the field by developing online wagering.
Rubenstein said he was optimistic about the chances for intrastate online poker legalisation at some point, and thought it could benefit all gaming bodies if properly structured, protecting jobs and providing economic stimulus.
He revealed that the horse racing industry has engaged in discussions with tribal groups and the card clubs on the topic of legalisation and how it might be brought about to everyone's advantage, and said that his industry remained open to ideas as long as the horse racing industry was regarded as an equal participant.
Options on the table include the horse racing industry's participation either in alliances or on its own.
"Whichever the direction, given the horse racing industry’s 15 plus years’ experience with regulated online gaming, we look forward to being a meaningful contributor to online poker legislation and the subsequent success of a site," he concluded.
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NBA : Warriors Win the West; NBA Finals Next -
The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
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NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
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PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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