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New York State Senate votes to legalise online #poker

ONLINE POKER BREAKTHROUGH IN NEW YORK?
 
State Senate votes to legalise online poker gambling.
 
The New York State Senate voted Tuesday to regulate and licence intrastate online poker, passing Sen. John Bonacics S. 5302 proposal on a 53 to 5 positive vote in an evening sitting.
 
The bill allows the states 11 racetrack casinos to apply for 11 licenses to hold online poker games, and now moves to the Assembly for further debate. If approved New York would become the fourth US state to legalise online poker, joining New Jersey, Delaware and Nevada.
 
However, time is now of the essence, thanks to a looming legislative deadline - this week is the last of the legislative session this year.
 
New Yorks constitution prohibits the state from allowing gambling except on state lotteries, horseracing and casinos approved by the Legislature, but the bill would get around that prohibition be classifying the online games of Texas Hold-em and Omaha Hold-em as games of skill instead of games of chance.
 
The 10-year licenses to run online poker gambling games would cost casinos $10 million apiece. The $10 million would be applied to a 15 percent state tax the casinos would owe on their online gaming revenue.
 
The state Assembly, is already considering at committee stage an identical bill sponsored by Assemblyman J. Gary Pretlow (see previous InfoPowa report).
 
There was some opposition to Sen. Bonacics bill; Sen. Liz Kreuger questioned Bonacic for 30 minutes, claiming that online gambling is more addictive than land gambling.
 
Following the positive Senate vote the MGM Resorts International gambling group issued a statement applauding the Senate.
 
"Creating a safe, regulated option for online poker players in New York would generate millions in new tax revenue that could be used for education and other critical investments," said MGM General Counsel John McManus.
 
"We applaud the Senate for passing this sensible legislation that will help protect New Yorkers who have for years played online poker on unprotected, off-shore poker websites that today operate with no regulation, fraud controls, or age restrictions."
 
Sen. Bonacic told local reporters that legalised online poker in New York through the states racetrack casino operators held the promise of partnerships with Las Vegas casinos to share players.
 
The Poker Players Alliance action group urged quick action to enact the bill into law before the state legislative session ends on Thursday, June 16.
 
"Today marks a major achievement for internet poker regulation, but to be complete this bill must get to Governor Cuomos desk for signature," said John Pappas, executive director of the PPA. "With the state legislative session coming to an end this week, now is time for the Assembly to make iPoker regulation a priority. Not acting on it would essentially amount to the legislature turning their back on consumer protections and new revenue without raising taxes."
 
The Alliance has again mobilised its members to contact their political represen tatives in order to push the Bonacic bill forward.

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UCypher Launches - Indian entertainment and media entrepreneur Ronnie Screwvala has announced the formation of UCypher, an eSports tournament in which ten teams will compete.

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Safecharge Q4-2016 - Online e-cash processing firm Safecharge, where Playtech's Teddy Sagi is a majority shareholder, released a trading update on its Q4-2016 performance Thursday, flagging record transaction processing volumes and revenues.

ASA Most Controversial Ads of 2016 - Paddy Power's penchant for advertisements that cause a stir saw the betting company mentioned twice in the Top Ten most controversial adverts of 2016 released by the Advertising Standards Authority in the UK Thursday.

Yggdrasi To Enter Italian Gambling Market - Yggdrasil’s Italian offering will include the company's collection of in-game promotional tools, BOOST, improving gamification, and the social sharing tool, BRAG. The company’s mobile product will also be available on its HTML5 iSense 2 platform.

888sport is the latest to join sports betting integrity body ESSA - Major operator 888sport is the latest to join sports betting integrity body ESSA with the company adding its customer base and betting market platforms to ESSA’s global anti-fraud alert and reporting system.

First partypoker live event to be held in Russia - Partypoker’s new live tour will kick off in Russia on March 24, 2017 at Sochi Casino and Resort in association with Club Poker Management. Online Day 1’s will start on partypoker on March 12, 2017.

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