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IGN Publishes Details Of California Poker Proposal
With the Californian push for the regulation, licensing and taxing of intrastate online poker gaining momentum, the details of an initial proposal to the California Legislative Analyst were outlined by IGN this week.
The California Online Poker Law Enforcement Compliance and Consumer Protection Act still has a way to go in the state legislative process, but constitutes an important initiative in US online gambling that is being watched closely by operators, players and observers alike.
IGN's report advises that the California State Gambling Commission, in conjunction with the state Department of Justice, is tasked with drafting appropriate regulations for the implementation of an online intrastate poker network.
IGN notes that key points in the proposal are that any legislation:
* Ensures that Internet poker is only offered for play in a manner that is lawful under the Unlawful Internet Gambling Enforcement Act 2006.
* Limits licenses to current gaming establishments, licensed by California, as well as to California tribes with compacts
* Mandates wagering hub/s are to be located within the state
* Specifies only poker games already approved for play at land-based, licensed gambling establishments may be offered online
* Recommends a gross receipts tax structure that mirrors the structure currently imposed on land-based card rooms in California
* Requires each Internet Web site to have an individual, when opening an account, place a limitation on the amount of funds that may be transferred into that account within a 24-hour period
* Requires that each Internet Web site provide for withdrawals from the wagering account only by check, made payable to the account holder and sent to the address of the accountholder, or by an electronic transfer to the same financial account from which the verified accountholder is authorized make deposits into a wagering account.
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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.
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.
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.
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