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California Online Poker Debate on Monday August 22,2016

CALIFORNIA ONLINE POKER LEGALISATION FOR DEBATE NEXT MONDAY? (Update)
 
Tax and bad actor changes reported as interested parties try for a compromise.
 
Latest reports in the LA Times on the controversial issue of legalised online poker in California are that the latest amendments to tax and bad actor provisions may have achieved a sufficient consensus to merit sending bill AB 2863 to the Assembly floor for voting - perhaps next Monday.
 
The tax amendment reportedly changes the proposed tax rate for operators from the current sliding scale of 8.64 percent to 15 percent based on the annual gross gaming revenue to a flat rate of 10 percent, whilst the controversial bad actor provisions are that companies (read Pokerstars) that accepted US action after the UIGEA are disqualified from obtaining Californian licensing for five years.
 
The latter represents a more lenient approach than that proposed by some tribes of a 10 year disqualification.
 
Trent Hager, the chief of staff for Assemblyman Adam Gray, the author of AB 2863, told the LA Times Wednesday:
 
“This deal should secure a two-thirds vote in the Assembly.”  He added that there are indications that the bill should be "fairly well" received in the state Senate.
 
The publication Online Poker Report also reported on the changes, observing that Pokerstars and its cardroom and tribal alliance are still opposed to the five year disqualification, which remains a serious bone of contention.
 
Tribes which have agreed on the five year ban admitted that it would be difficult to get the bill through in the face of such powerful opposition.
 
However, sources close to the ten tribes that support the disqualification period insisted that the five year ban represents a reasonable compromise that could get the bill through the Assembly, pointing out that it is no harsher than the hiatus imposed on Pokerstars by the Nevada regulator.
 
The tribal groups appear to be hoping for a split in the Pokerstars camp, urging the tribal elements therein to agree the bad actor provisions.
 
“If San Manuel and Morongo (tribes) are genuinely concerned with protecting consumers, they would support this tenuous compromise,” an unnamed tribal official told OPR.
 
However, Pokerstars is likely to again argue that it has not been convicted of any wrongdoing following its massive $731 million settlement with the US Department of Justice concerning its post-UIGEA activities.

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Gambling News :

Netent Enters Mexico With Deal With Codere - The statement advises that the agreement enables the Swedish company to provide its portfolio offerings to Codere through that company’s existing operator license.

Winamax Poker Launches Dealers Choice Games - The Dealer's Choice in poker format is not a new concept, but Winamax enlivened the French online poker scene by introducing it last week, taking advantage of looser game restrictions by the French regulator ARJEL.

2016 Unibet Poker Open Bucharest main event Results - Romanian poker ace Traian Bostan banked Euro 100,000 this weekend after winning the Euro 1,100 buy-in Unibet Poker Open Bucharest main event hosted by the JW Marriott Bucharest Grand Hotel.

Limited Gambling To Be Allowed in Bermuda - After two years of discussion senators in the self-governing British overseas territory of Bermuda finally approved the Casino Gaming Amendment Act 2016 last week, ushering in a potentially more liberal and practical approach to gambling in the Caribbean island nation.

Crown Resorts Employees Should Confess - Youxi suggested that Crown should hire good lawyers to defend its employees, something Crown's existing Chinese legal representatives may regard as offensive.

Jack Lam on the Run - "Our records also showed Lam arrived in Manila last Nov. 25 aboard a China Airlines flight from Taipei,” she said, observing that there was no record of any return to the Philippines since his departure.

Golden Jungle Slot - IGT is about to launch online its popular land casino slot Golden Jungle, adding yet another jungle-and-temple themed game to the dozens already available to internet and mobile punters.

Philippines president Orders Arrest of Jack Lam casino magnate - Rodrigo Duterte, the shoot-from-the-hip Philippines president, has intervened in the fast-moving bribery scandal involving his Justice Secretary Vitaliano Aguirre, Pagcor chief Andrea Domingo and Macau-based casino magnate Jack Lam

South Africa Going After Illegal Gambling - In South Africa a combined national police and federal enforcement initiative has shuttered 19 illegal gambling venues across the provinces of Northern Cape and North West.

The Winning Express arbitrage sports betting scheme - A UK-based GBP 27 million arbitrage sports betting scheme, The Winning Express, has collapsed, leaving a thousand investors with concerns that their money is lost, according to a BBC report over the weekend.

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