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California Online Poker Bill Launched
5/31/10 - Senator Rod Wright's recent promises to introduce a Californian bill legalising and regulating online poker were met this week when he launched an amended version of bill SB 1485 late on Friday.
Wright leads a California Senate Committee responsible for gambling matters, and the bill seeks to introduce an intrastate solution to the problems of what to do about online poker...and how to generate tax revenues in the process.
SB 1485 proposes that the California Department of Justice award up to three five-year contracts to California-based operators to run online poker websites for state residents. Observers note that the bill has marked differences from earlier proposals put together by commercial card rooms and the Morongo tribal band which sought to secure exclusivity through a single California poker site run by a partnership of tribes and card rooms.
Senator Wright has flagged the bill as urgent, enabling its immediate implementation if successful in the legislature and on the Governor's imprimatur.
Observers note that with a budget deficit now nearing $19 billion, there is a powerful incentive for legislators to vote the bill in.
The Wright bill is the latest of several unsuccessful attempts in California to legalise online poker, and joins similar initiatives in the states of Florida and New Jersey, which are also debating legalised intrastate internet gambling.
The UIGEA, which comes into effect Tuesday this week, recognises the authority of individual states to decide on how intrastate gambling is to be handled, and what is and is not illegal. The implementation of the UIGEA federal legislation should therefore not complicate the passage of the bill, although it will probably make the work of the banking system, which is required to enforce the federal act, more difficult in regards to blocking 'illegal' transactions should SB 1485 succeed.
By a quirk of coincidence, SB 1485 will appear before California legislators on Tuesday 1 June 2010 - the same day on which the UIGEA regulations take effect.
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Gambling News :
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 -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
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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