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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.
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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