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Florida passes Poker Bill

After months of debate, the legislature for the state of Florida has approved the further expansion of poker in the state, including the removal of a maximum buy-in for no-limit poker and the elimination of a maximum bet per round in limit games.
The approval of Bill SB788 was enabled by a consensus achieved between the House and the Senate in the sunshine state which saw 31 for and 9 against in the Senate, and 82 for and 35 against in the House.Pokerstars
The dispensation will have an initial 15 year duration, subject to the approval of the Seminole tribal nation, and will generate at least $150 million in annual payments from the Seminoles to the state. Governor Charlie Crist has until August 31st to negotiate a compact with the Seminoles, and then the Florida Legislature must approve the compact for the bill to go into effect.
The newly approved legislation includes provisions that will expand poker offerings in the state, and is intended to replace a compact that Crist and the Seminole nation negotiated in 2007, allowing slot machines and card games - including poker - at seven Florida Seminole casinos. In 2008, the Florida Supreme Court threw the compact out, ruling that Crist overstepped his authority by not seeking the state legislature's approval before signing the agreement.
The refreshed compact allows land casinos and cardrooms located at horse tracks, dog tracks, and jai alai frontons in Florida to offer the expanded no-limit poker, which removes the $100 maximum buy-in and the $5 maximum bet per betting round in limit games. Poker tournament buy-ins limits will also be removed, as a $1 000 limit had been imposed from previous legislation. The latter will make Florida an attractive possibility for the big-money poker tournaments so popular in the industry these days.
Cardrooms will be permitted to operate 18 hours a day Mondays through Fridays, and 24 hours on the weekends. The gambling age in Seminole casinos is increased from 18 to 21, matching the minimum age found elsewhere.

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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.

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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.

PartyPoker Millions tournament guarantee Now GBP 6 million - Online poker operator PartyPoker announced Thursday that it is to boost its PartyPoker Millions tournament guarantee by a million sterling to GBP 6 million, claiming it is now the biggest prize pool guarantee in European poker history.

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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