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New amendments to AB2863 California Gambling Bill
CALIFORNIA LEGISLATORS CONSIDER A WORKAROUND ON THE BAD ACTOR CLAUSE?
New amendments to AB2863 hold the hope of progress at last.
New amendments to California Assembly Bill AB2863 revealed this week show that legislators are still working hard to broker some sort of compromise that will appease tribal groups, cardrooms and other interested parties in the search for intrastate legalisation of online poker.
Detailing the latest changes, the usually reliable publication Online Poker Report notes that the amendments have once again stressed that the bill is aimed at the intrastate legalisation of online poker only - not other genres.
OPR goes on to detail the amendments here: http://www.onlinepokerreport.com/wp-content/uploads/2016/06/AB-2863-amendments.pdf, explaining that the changes represent issues which were previously left open, including the key "bad actor" clause which has proved to be a major point of difference, especially with some of the tribal interests.
The solution may be in the form of a cut-off date which has now been proposed as December 31, 2011 (eight months after Black Friday) which would exclude from licensing any operator who after that date “accepted a bet or wager on any form of Internet gambling, or engaged in a transaction relating to those bets or wagers, from a person located in the United States” after that date is presumed unsuitable for licensure"
That would appear to give Pokerstars a shot at the Californian market, but theres a further proviso triggering the bad actor clause if:
"A member of the board of directors or the ultimate parent company of, the chief executive officer of, or a shareholder holding more than 10 percent of the shares of, the applicant, or its corporate or marketing affiliate, was directly involved in an executive decision-making capacity in facilitating a wager or financial transaction relating to Internet gambling in the United States and that person remains affiliated with the applicant at the time of the application." There is no cut-off date attached to this clause.
Other proposals centre on marketing restrictions to ensure all operators start on an equal footing. This involves the restriction of service providers and operators, who may not use their existing player or customer lists for marketing purposes.
Gaps in the tax and licence fee elements of the original bill are also addressed, with proposals that include a licence fee of $12.5 million as a one-off payment (as opposed to a payment that could written off against future taxes).
Taxation is interestingly based on a sliding scale dependent on the total revenues generated by the Californian regulated industry, ranging from a tax rate on GGR of 8.84 percent if the industry generates GGR of $150 million to a maximum of 15 percent if the industry generates $250 million.
Sources close to the issue have emphasised that the amendments have yet to be agreed and voted on, but the hope is that they will be included in the bill and sent to the Californian Assembly for committee hearings later this (June) month.
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 Microgamingís 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 Sundayís 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 Ė115.
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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