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Pokerstars Reacts to AB9 an online poker legalisation bill

Friday December 5,2014 :  POKERSTARS ALLIANCE REACTS TO GATTO BILL
 
Coalition will oppose AB9.
 
It hasn't taken long for the powerful coalition of Pokerstars, two Californian tribal groups and three major card rooms to react to AB9, an online poker legalisation bill launched this week by Californian Assemblyman Mike Gatto...and the response is negative.
 
In a brief statement the coalition of Amaya-Pokerstars, the Morongo Band of Mission Indians, the San Manuel Band of Mission Indians, and California’s three largest card clubs, the Commerce, the Hawaiian Gardens and the Bicycle Casino commented Thursday:
 
"As a coalition, we are committed to working with legislators and our other partners in the gaming community to pass Internet poker legislation in 2015 that establishes a vibrant, competitive marketplace, provides superior consumer protections, and ensures that the state receives a reasonable return.
 
"We are convinced that the various interests must work together if we are to be successful in establishing a well-regulated environment and the best-in-class Internet poker industry for California.
 
"Unfortunately, AB 9 is a rehash of previously unsuccessful proposals. Any bill that seeks to establish artificial competitive advantages for some, while denying Californians the best online poker experiences, will only serve to divide the community and will be opposed by our coalition."
 
The coalition was clearly referring to the bad actor clauses in the Gatto proposal, which could be used to keep Pokerstars out of the market
 
Other interested parties, including the Poker Players Alliance, told a variety of industry publications that the Gatto bill is unlikely to find favour in the poker industry due to the bad actor provisions, but also because it is not practical.
 
That's a reference to the Gatto bill requirement that poker players wishing to open online accounts or even make high or frequent withdrawals in California would have to travel to a designated centre (nominally a casino or card room) to do so in person.
 
PPA executive director John Pappas was quoted by several publications as opining that this rather clumsy arrangement neutralised the convenience and accessibility of the internet and would discourage recreational players from signing up - and this category of player is essential for a successful business.
 
He also felt the bill unwisely imposes penalties on players using unauthorised sites; excludes racetracks; and exhibits a fundamental lack of understanding of how to establish synergies between brick-and-mortar casinos and online players.
 
Other industry observers pointed out that AB9 also opens the way for federal intervention in state affairs because it includes language permitting a transition from an intrastate regulatory regime to an inter-state collaboration, but only if allowed by Congress.
 
There has also been criticism regarding the motive behind the requirement for players to travel to land gambling venues to open accounts or make frequent or high value withdrawals.
 
Some analysts suggest that this is a ploy to bring business to land operators at the expense of player convenience...and that there are more efficient and better ways to achieve this without creating extra obstacles for players.
 
Pappas opined that whilst diehard players may be prepared to journey to a registration or payment centre, he doubted that the majority of recreational players would be prepared to do so, therefore the Gatto proposal could end up excluding a significant number of players from the Californian online poker market.
 
The PPA director was also critical of any legislative language that for business protectionist reasons seeks to exclude relevant companies from the market, specifically the race tracks and companies like Pokerstars.
 
He said that the market should be open to all who could satisfy fair regulatory requirements and that more applicants created the potential for a better end product.
 
Pappas noted that it was still early days to take an official position, but that on the face of it the Gatto bill simply has too many flaws to be effective.

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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.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

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.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

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.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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