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Another NY Online Poker Bill
Saturday May 16,2015 : NEW YORK SENATOR BACK WITH ANOTHER ONLINE POKER LEGALISATION BILL
But there's a major and positive change in this year's proposal.
New York state Senator John Bonacic is taking another run at intrastate legalised online poker with the introduction this week of bill S5302, a measure that is almost identical to the Senator's proposal last year but with one critically important difference....it does not include a "bad actor" clause.
Instead, the bill makes the New York State Gaming Commission the logical and practical arbiter of who is suitable for licensing, should online poker be legalised. If passed, the bill tasks the Commission with drafting regulations within six months, and issuing licenses within a year.
Bonacic's S6913 proposal last year failed to make it out of committee, along with a companion bill in the state House launched by Representative Gary Pretlow.
Like its predecessor, the new bill was launched in the Racing, Gaming and Wagering Committee of the Senate, which Bonacic chairs.
The measure proposes 10-year online gambling licenses and caps the number of licensees in the state at ten, with a $10 million initial deposit required from each, and a suggested state tax rate of 15 percent based on gross gaming revenue.
Learning from other legalised states, Bonacic has also included authority to engage with other states that have taken the legalisation route in sharing player pools.
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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 -
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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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