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California Online Poker costing the state millions

CANADIAN ANALYST SAYS CALIFORNIA IS MISSING OUT ON A GOLDEN POKER OPPORTUNITY
 
Continued failure of legalisation bills is costing the state millions.
 
In the latest issue of the Cantor Fitzgerald newsletter Cantech Letter, analyst Ralph Garcea gives “Buy” ratings on internet poker providers like Amaya, Intertain Group, Innova Gaming, and NYX Gaming, but notes that it is unfortunate for online gamers and for the state of California that state lawmakers continue to arrive at an impasse when it comes to passing an online poker legalisation bill.
 
Garcea notes that New Jersey, which recently moved to allow online gaming, had a banner month in the typically slow July, with Internet GGR up sharply, and he claims that with about a million online poker players in California that market is estimated to be worth more than $400-million, with a proposed 10 percent tax on the table.
 
The state is missing out on a tax windfall that other states have jumped on, Garcea observes.
 
“With California’s 2016 legislature session coming to a close on August 31, 2016, PokerStars will have to wait, unfortunately, until next year to see if the state will bring legalized and regulated poker to the state’s many users,” says the analyst.
 
“This marks yet another legislative session where an online poker bill has not been voted on – no online poker bill has ever been voted on by the full Assembly. While California still tries to make up its decade-old mind, Nevada, New Jersey and Delaware all have legalized and regulated online gambling – with New York, Pennsylvania and Michigan moving along the process.”
 
Garcea notes that for Amaya, California probably isn’t in the cards in the short term due to the insistence by some interested parties on draconian "bad actor" provisions in any legislative proposal.

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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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