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Pessimism Over New York Online Poker

PRETLOW PESSIMISTIC ABOUT ONLINE POKER LEGALISATION IN NEW YORK
 
Sen. Bonacics bill may have been approved by the state Senate, but a similar triumph in the House is unlikely given time constraints.
 
The euphoria over Sen. John Bonacics achievement earlier this week in pushing an online poker legalisation bill through the New York state Senate on a vote of 53 vs. 5 ) has quickly been replaced with a sense of pessimism over the measures chances in the state Assembly.
 
On Wednesday Assemblyman Gary Pretlow, chair of the Assembly Racing and Wagering Committee and the proposer of a similar measure in the Assembly currently at committee stage, gave voice to that pessimism, opining to local reporters that a vote this year is unlikely
 
Pretlow told reporters there are not enough votes in the Assembly to pass the measure, which would require each of the racetrack casinos to pay the state a $10 million fee for a three-year licence. That fee would be applied toward a 15 percent tax on the online gambling revenues that the casinos would owe the state.
 
At least one operator has already said his company would be interested in offering online poker; Jeffrey Gural, chairman of American Racing, the operator of Vernon Downs and Tioga Downs harness racetracks and racinos, said Wednesday he would probably run online poker gambling from Tioga Downs if it becomes legal in New York.
 
He added that online poker gambling is something that New Yorkers are already participating in through illegal operations.
 
"You might as well make it legal,” Gural said.

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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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