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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.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgaming’s customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sunday’s 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at –115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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