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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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Gambling News :

South Africa Going After Illegal Gambling - In South Africa a combined national police and federal enforcement initiative has shuttered 19 illegal gambling venues across the provinces of Northern Cape and North West.

The Winning Express arbitrage sports betting scheme - A UK-based GBP 27 million arbitrage sports betting scheme, The Winning Express, has collapsed, leaving a thousand investors with concerns that their money is lost, according to a BBC report over the weekend.

Global Poker League Championship Results - #gpl The inaugural season of the Global Poker League Championship played out this week with the Montreal Nationals besting the Berlin Bears across 11 games to claim the $100,000 main prize.

Yahoo DFS Gets Uk License - #yahoo Industry observers point out that Yahoo has thus far carried out little in the way of major marketing on DFS in its US endeavors, unlike rivals DraftKings and FanDuel, and they expect it to follow a similar path in the Britain.

SPANISH GAMBLING MARKET CONTINUES TO GROW - Spain's gambling industry continued to advance in 2015 with growth in most sectors, according to the latest research report from the Codere - University of Madrid Institute for Policy and Governance collaboration released this week.

Novomatic Acquires Albanian National Lottery - #Novomatic The Austrian gaming technology group Novomatic has issued a statement confirming that it has completed the final required steps for the successful acquisition of the Albanian National Lottery.

2016 Massachusetts Gaming Commission Report - Industry journalist Steve Ruddock picked up on some interesting statistics from the latest annual report of the Massachusetts Gaming Commission released this week, flagging the current results from its on-going monitoring research of the state gambling market.

Jack Lam denies bribe allegations - Allegations by Philippines Justice Secretary Vitaliano Aguirre that casino tycoon Jack Lam used 'facilitator' Wally Sombero in an attempt to bribe him into protecting Lam interests have been hotly denied by Lam.

Fonbet Gets Russian Betting License - #Fonbet Russian-licensed operators are required to use officially sanctioned payment hubs called TSUPIS to facilitate government oversight, and this may be a concern for Fonbet at present.

New Attempts to Restore the Wire act - In the first of these initiatives, which Online Poker Report notes is supported by only eight state AGs (half those who signed a similar letter last year), the signatories seek support for RAWA at a Congressional hearing scheduled for December 9.

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