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DELAYS IN CALIFORNIA ONLINE POKER LEGALISATION

WORRYING DELAYS IN CALIFORNIA ONLINE POKER LEGALISATION
 
Pechanga alliance is still opposing AB2863.
 
The euphoria over the passage out of committee stage of Californias online poker legalisation bill AB 2863  started to fade as the week came to an end with no floor vote in the California Assembly and time running out.
 
The Assembly adjourns today (Friday) and returns at the end of July for the last month of the current session, and unless something dramatic happens the chances of a vote are looking increasingly remote, especially in view of the continued strong opposition of the Pechanga-Agua Caliente tribal alliance.
 
The alliances opposition was underscored yet again this week in yet another letter to AB2863s patient author, Assemblyman Adam Gray proposing restrictions on potential competitors.
 
The letter shows that the seven tribes in the Pechanga-Agua Caliente coalition have not accepted Grays "bad actor compromise, which imposes a five-year block on any operator who provided services to US poker players after the passage of the federal Unlawful Internet Gambling Enforcement Act.
 
They are also opposed to an alternative suggestion that such operators could apply for licensing without the 5 year hiatus if they were prepared to pay a $20 million penalty in respect of their previous activity.
 
Such a relatively small penalty would still enable Pokerstars (whose competitive ability the tribes appear to fear) to  enter the Californian market, and the alliance seems determined to disregard the fact that Pokerstars ownership and management has changed, and that the company has paid out hundreds of millions in federal settlements.
 
Instead, they argue that the post-UIGEA activity enabled the company to establish an unassailable market lead, although Pokerstars exited the US market after Black Friday in April 2011.
 
The Pechanga-Agua Caliente and associated tribes have in their latest proposal to Assemblyman Gray suggested some pretty draconian restrictions on potentially "bad actor" operators:
 
* A 10 year block on making an application for a licence on any operator who accepted US business after December 31, 2006, and the same restriction on the use of any tainted assets, even if  the ownership of those assets has subsequently changed;
 
* A penalty of $60 million to be paid after the 10 year hiatus to the proposed Internet Gaming Enforcement Fund for use in policing and protecting the licensed and regulated industry in California;
 
* Legislative safeguards to ensure that these restrictions remain in force in the future.
 
Assemblyman Gray has yet to react to the proposed amendments to his bill, but they would appear to be so unreasonable that they place a further, and potentially fatal, obstruction to legalisation in the time now available.
 
AB2863 has been filed as an urgency bill, which means that it will require a two thirds vote of approval in the Assembly and the Senate.

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Gambling News :

Malta Gaming Authority's half-year 2016 report - There are 490 gaming license in issue and 257 gaming companies in operation....in the first six months of 2014, those figures were 414 and 271 respectively;

Macau ATM Transaction Limit Lowered - The Monetary Authority of Macau moved quickly Friday to quell market concern caused by a newspaper report late Thursday that it was about to slash ATM limits in half .

Vegas Mobile Casino Gets Live Dealer Games - Vegas Mobile Casino has partnered with Swedish online gambling game developer NetEnt, which has supplied a new live dealer offering that includes desktop Blackjack and desktop and mobile Roulette.

Cosmic Crystals SLot Launches - 1X2 Gaming's latest online slot titled Cosmic Crystals is a 5 reel, 50 pay-line game with a futuristic outer space feel, gems galore, and features that include a sticky Wild reel, re-triggering Free Spins, Scatters and a claimed 95 percent RTP.

Playtech Live launches dedicated live roulette room - Playtech's live dealer arm, Playtech Live has launched a dedicated live roulette room operating from a fully custom-built studio bursting with colorful Christmas decorations.

Australian Open To Dunp Gambling Ads - Court-side advertisements, which have been criticized as promoting gambling and thereby contributing indirectly to the specter of match-fixing, are to be discontinued in 2017 from the Australian Open tennis championships, Tennis Australia has confirmed.

Olympique Lyonnais In Sponsorship Deal With FDJ - The agreement allows FDJ to introduce its ParionsSport betting terminals in the Parc OL stadium, and the promotion by the club of its website of the same name

BaFin CrackDown on Spread Betting - The UK Financial Conduct Authority's crackdown on financial and stocks spread betting via contracts for difference has been followed by similar moves in Germany, where the financial regulator BaFin announced similar new restrictions Thursday.

How is the CDC Group Spending its Money - Questions are being asked about how the UK government's private equity arm, the CDC Group plc (formerly the Commonwealth Development Corporation) spends the billions it is allocated to alleviate international poverty, The Guardian newspaper reported Friday.

Voodoo Slot Released - The Prague-based online gambling games developer Endorphina is going against the trend of Christmassy-themed offerings at this time of the year, instead going for the popular horror genre in its new slot Voodoo, released to operators today (Friday).

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