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MORE SUPPORT FOR CALIFORNIAN ONLINE POKER LEGALISATION

Posted 2/24/11 : CNIGA decides to go with the Correia bill
 
According to reports this week in the Fresno Bee, California state senator Lou Correia is winning the race for the intrastate legalisation of online poker.
 
Correia's SB40 proposal is vying with Senator Rod Wrights’s SB45, which has legalisation as its goal but a different approach.
 
The big boost for Correia came from the California Nations Indian Gaming Association, a major tribal grouping representing more than two dozen casino and non-casino tribes.
 
Jerome Encinas, director of government affairs, said that CNIGA had voted to endorse Senate Bill 40 as preferable to the competing measure, because Correa's proposal is specific to online poker and calls for operators seeking a licence to be existing California businesses or tribes.
 
The report notes that the vote for SB40 was not unanimous, but carried. "We had some tribes that were concerned, but at the end of the day it passed," Encinas said.
 
In further developments, the state's Senate Governmental Organization Committee has scheduled an informational hearing on the subject.
 
Consultants estimate that U.S. citizens place billions in bets each year on websites operated offshore or outside the nation's boundaries. By legalising online poker, California could regulate the games to ensure their honesty and the state, rather than illegal offshore companies, could benefit financially from the activity, Correia contends.
 
SB40 also has the support of the California Online Poker Association (COPA), a coalition of California tribal casinos and card room operators, which earlier this year released an economic impact study concluding that the legalisation of an online poker system will generate $1 billion in state revenues in the next decade for the state and create 1,100 new jobs.
 
Under SB 40, all federally recognised California tribal governments and card room clubs would be eligible to apply for a license to operate online poker.
 
COPA claims that a statewide survey conducted by Tulchin Research revealed that nearly two thirds (66 percent) of Californians support the establishment of online poker to help balance the troubled state budget. 84 percent prefer a state-regulated online poker system that keeps jobs and revenue in California over a program run by the federal government where revenues go to Washington D.C., other states or offshore.

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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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