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California Online #Poker Bill Stalls Again

Thursday June 16,2016 :  DISAPPOINTMENT AS CALIFORNIA ONLINE POKER BILL STALLS AGAIN
 
Assembly Appropriations Committee fails to advance AB2863 due to unpublished amendments.
 
Uncertainty created by unpublished proposed amendments temporarily stalled Assemblyman Adam Gray’s AB 2863 intrastate online poker legalisation bill in the Assembly Appropriations Committee hearing Wednesday, dashing hopes of rapid progress to a floor vote for now at least.
 
On the bright side, it appears likely that the measure will be revisited within the next week or two after Assemblman Gray has had further discussions with interested parties.
 
There was nothing new in the positions taken by the parties for and against the bill, with the Pechanga - Agua Caliente et al coalition again insisting on a bad actor clause.
 
Committee chair Lorena Gonzalez suggested an amendment to resolve the argument, proposing that companies found to have been bad actors in the past be excluded from obtaining licensing in California until 2021, a proposal that will hardly suit Pokerstars but would certainly reduce competition for other interested parties.
 
However, money as usual could influence events; the Gonzalez proposal includes possible exceptions if a "bad actor" is prepared to cough up tens of millions of dollars in "owed taxes". The Pechanga coalition immediately signaled that they would oppose such a move, which doesnt auger well for the quick-fix.
 
Assemblywoman Gonzalez added further complications to AB2863 by recommending changes to the proposed tax and licence fee structure, which Gray has so painstakingly negotiated.
 
She wants half of the $12.5 million license fee credited against future tax, and ten percent of GGR allocated for the state before the ultra-sensitive annual racing subsidy is calculated. These amendments added to the uncertainty that eventually resulted in a vote being postponed.
 
The next gathering of the Assembly Appropriations Committee is due on June 22, with the possibility that this could be stretched out to June 29 as Gray attempts yet again to reconcile differing perspectives and goals among the varied interests.

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Gambling News :

GVC In Content Deal With Microgaming’s Quickfire - Microgaming-powered Prima Networks Limited will supply over 50 new titles to GVC’s recently acquired bwin Casino, PartyCasino and Party Poker gaming sites within the coming weeks.

Opap in memorandum of understanding With Inspired - Virtual sports provider Inspired has entered into a memorandum of understanding (MOU) with Greek betting and lottery operator OPAP for the supply of its full suite of virtual sports, for integration online and across OPAP's retail network.

DeltaCorp To Acquire ace2three - Our readers will recall Delta Corp. acquired a 26 percent stake in Gaussian Networks, parent company of India’s largest online poker operator Adda52 earlier this month

More Australian POC Taxes - In an interview with The Australian, Tabcorp chief executive offer David Attenborough warned “global rivals” of his belief that other Australian states are moving fast to follow South Australia’s lead in implementing a point of consumption tax.

William Hill Exits Russia - "Starting from September 23 William Hill Casino Club will terminate its activities in the Russian territory for legislatory reasons. All active customer accounts will be suspended," the advisory reportedly detailed.

Pennsylvania Online Gambling Hearing Postponed till October - HR 2150, which includes DFS and e-gaming elements, was passed as part of the critical state budget bill by the House in June this year, with lawmakers expecting the bill to contribute $100 million annually in licensing and fees to help balance the state budget.

Two Mega Fortune Dreams Jackpots Hit - Both Swedish players, the first lucky punter hit a GBP 100,000 jackpot playing on his mobile phone, while the second, identified as Martin, staked just 18p before netting a GBP 60,000 jackpot on the popular series thinking he was playing in demo-mode.

ASA Looking at Ladbrokes and Netbet ads - A TV ad for Cosmo Gaming’s NetBet online casino was determined by the UK Advertising Standards Authority (ASA) as glamorising online gambling following a single complaint.

Betconstruct In Deal With Realistic Games - BetConstruct has agreed a deal in which it will integrate a range of Realistic Games online table and slot content including blackjack, roulette and slot titles Super Graphics Upside Down, The Fruit Factory and Fireworks.

XLMedia Half 1 2016 Earnings Report - Online gambling marketing company XLMedia, which operates websites driving players to online casino operators, delivered robust interim results for the first half of 2016, attributing its success to investment in technology.

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