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Amendment to bill AB431 California Poker

Saturday February 13,2015 : AMENDMENT TO CALIFORNIA BILL RAISES HOPES FOR LEGALISED ONLINE POKER (Update)
 
Officials confirm that a new amendment to bill AB431 could solve the racetrack involvement problem...but will the tribes agree?
 
The week ended on a more optimistic note in California as news emerged (and was confirmed) that recent amendments to Assemblyman Adam Gray's shell bill AB431 could clear one of the main current obstacles to online poker legalisation - the involvement of the racetracks.
 
Gray's solution is fairly straightforward - give the racing industry a $57 million a year share in the revenues via a tax and licence fee mechanism in order to keep racing companies from competing in the market.
 
Speculation on the amendment arose last week following a letter from two of the California tribal interest groups to Gray expressing concern at another of his bills - AB1437 - seeking to regulate daily fantasy sports (see previous InfoPowa report).
 
The letters suggested that an overall bill on e-gaming may be the way forward, and one particular phrase stood out in both communications...it asked:
 
“Why are Internet poker operators expected to pay $60,000,000 annually to the Horse Racing Internet Poker Account in the draft amendments to AB 431, yet DFS operators would have no such obligation?”
 
Enquiries soon confirmed that such an amendment has been added to AB431 and seems to have the support of the California Thoroughbred Breeders Association, whose lobbyist Robyn Black applauded the addition but cautioned that some of the tribal interests may not support it.
 
Sources have since revealed that the amendment proposes that of the first $60 million collected each year, 95 percent will go into a California Horse Racing Internet Poker Account, which would contribute to purses, commissions, and incentive awards to be disbursed by racing associations or fairs, and pensions for jockeys and pari-mutuel employees.
 
It also makes provision for racetracks to serve as service providers to licensed operators, allowing horse racing service providers to claim at least 50 percent of the gross gaming revenue generated for an operator.
 
Respected online gambling analyst Chris Krafcik subsequently posted that his sources had confirmed the new amendment and indicated that it had broad support from the racing industry.
 
However, as bitter experience has shown over the past eight years in California, there can be many a slip between cup and lip, and much will continue to depend on the elusive achievement of a consensus among the many interested parties.
 
Whether a nascent online poker industry will be able to sustain a $57 million payment to racing is just one hurdle on the way forward.
 
Krafchik's Eilers Research has projected that a mature online poker market in California could generate up to $273 million a year in revenues.
 
There is speculation that Assemblyman Gray will push AB431 forward again next week, probably through the Government Organisation Committee which he chairs, and prior to the February 19 deadline for fresh bills in this Legislative season.

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Gambling News :

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

Dollars to Donuts Slot Launch - Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.

Secret Symbol Slot - RTG will soon release 'Secret Symbol', a 5 Reel Video Slot on 3/15/2017.

Microgaming is set to release three exciting new games in March - Pollen Party will literally have players buzzing with excitement as the ground-breaking, 720 way variable reel online slot is brought to life in a unique honeycomb reel layout.

NBA Odds: Resurgent Clippers Face Warriors in Oakland - After a much-needed lineup shuffle, the Los Angeles Clippers (29-27 SU, 35-21 ATS) carry a four-game SU and ATS winning streak into Thursday’s game against the best team in the NBA, the Golden State Warriors (47-9 SU, 27-27-2 ATS). Tip-off is at 10:30 PM ET on TNT.

NBA Odds: New-Look Pelicans Host Rockets on Thursday - The New Orleans Pelicans just hosted the All-Star Game and saw their very own Anthony Davis win the MVP. But the celebration was brief because the next day, the Pelicans made a huge trade,

PokerStars.CZ has launched in the Czech Republic - PokerStars.CZ has launched in the Czech Republic, becoming the first licensed online casino and poker operator under the Czech Republic’s new gaming regulation. This follows on from the approval by the Czech State Supervision of Gambling and Lotteries Department.

Luckia Games in Partnership with NYX Gaming Group - NYX will provide Luckia with its open gaming system, NYX OGS, and open platform system, NYX OPS, to support the growth of its established Spanish operation.

Sunbets to Sponsor Sutton United - Online betting operator Sun Bets has inked a one-off sponsorship deal with English association football club Sutton United for its upcoming televised clash against Arsenal FC in the FA Cup fifth round tie.

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