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New hearing scheduled For California Online Poker

Saturday March 2,2014 :  OPTIMISM ON CALIFORNIAN ONLINE POKER LEGALISATION
 
New hearing scheduled soon.
 
Delegates at last week's i-gaming legislative symposium in Sacramento were told by a variety of speakers that momentum is building for the intrastate legalisation of online poker in California, with consensus growing between rival tribal factions that have derailed attempts in the past.
 
One speaker revealed that there are plans for an "informational hearing" by a committee of the state legislature soon.
 
Another said that the recent resignation of influential politician Rod Wright following criminal proceedings  had cleared the way for wider agreement.
 
And the possible advent of a new federal banning bill that includes online poker being introduced in Congress by Senator Lindsey Graham might add more pressure for a state solution.
 
Recentpoker.com readers will recall that there are at present two intrastate online poker legalisation bills before the California legislature; SB1366 introduced by state Sen. Lou Correa, who is now chairman of the Senate Governmental Organization Committee, and SB 2291 sponsored by Assemblyman Reggie Jones-Sawyer.
 
Both have strong tribal support, and Correa's more protectionist bill is being pushed by many of the state's commercial card rooms.
 
The head of California's Gambling Control Commission, Richard Schuetz, told delegates to the symposium that the Commission was charged by the state governor three years ago to get up to speed on developments in the world of online gambling and has since achieved what he described as "literacy" in the sector.
 
That has included a full understanding of the channel and the development of a global database on regulation, supported by fact-finding visits in the United States and around the world to learn from the experience of others involved in the development, implementation and enforcement of regulatory systems.
 
“The point I am trying to make is that we're trying to get this right," said Shuetz. "I've tried to explain that the stakes are huge, and we think we can get it right ourselves. I'm a Californian, and I believe between us and our tribal partners, we can get this right."

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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