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California Tribal Online Poker Bill
Friday May 30,2014 : WILL THE CALIFORNIA TRIBES UNVEIL THEIR ONLINE POKER BILL THIS WEEK?
Much anticipated Pechanga and San Manuel tribal proposals should trigger debate.
A bill drafted by the powerful Pechanga and San Manuel tribal coalition for the intrastate legalisation of online poker in California may be unveiled this week after months of rumour and speculation, according to tribal lobbyist Jerome Encinas.
The coalition met this week in what is believed to be finalisation talks on the draft bill's content, having reached agreement on its main provisions.
Encinas says that the completed draft will be submitted to state lawmakers in order to initiate the legislative process; there are already two competing online poker legalisation bills before the state Legislature.
The key issue in the bill is expected to be the matter of "bad actor" clauses which the Pechanga and San Manuel bands have traditionally sought to include. Bad actor provisions based on the 2006 start date of the UIGEA would exclude strong competitors like Pokerstars, giving the tribal coalition a significant advantage.
However, if there are bad actor clauses in the Pechanga-San Manuel proposal, it is likely to encounter resistance from the influential Morongo tribal group, along with its major California cardroom allies, which have entered into a partnership pact with the global online poker market leader, Pokerstars.
The current Legislative season in California ends in August, exerting some time pressure on lawmakers as the question of legalising intrastate online poker is yet again presented for their consideration.
The potential rewards in the United States' most populous state are considerable; with 38 million residents, online poker revenues - even when restricted within state borders - could reach $500 million in the first full year of operations, according to the most recent analyst and research estimates.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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