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New York IntraState Poker Bill Launched

Monday March 31,2014 :  INTRASTATE ONLINE POKER LEGALISATION BILL LAUNCHED IN NEW YORK
 
Some may be trying for a federal ban, but this senator is hopeful for a more sensible approach in his state.
 
With launch of the Graham-Chaffetz banning bills in Congress still creating industry ripples this week, a New York lawmaker has taken the initiative and launched an intrastate online poker legalisation bill in the state Senate.
 
The man behind SB 6913 is Republican Party state Senator John Bonacic, who is clearly not interested in being on Sheldon Adelson's anti-online gambling pay-roll.
 
The bill, which makes provision for both cash and tournament action, is currently at committee stage before the Senate's Racing, Gaming and Wagering Committee, which Bonacic chairs.
 
Highlights of the proposal as it presently stands include:
 
* There's a "bad actor" clause disqualifying any operator who 'illegally' delivered gambling services in the USA after the imposition of the UIGEA.
 
* The bill allows for the state to negotiate compacts with other like-minded states that have passed online poker laws.
 
* The proposal asserts that poker is a game of skill - an important distinction in defining criminality in gambling.
 
* A licensing fee of $10 million is suggested, along with a tax rate of 15 percent of GGR; in return for that just 10 operators will get a licence which has a 10-year duration.
 
* Regulators have six months to present regulations once/if the bill passes into state law, and licenses must be issued within six months thereafter.
 
* Importantly, there is a requirement that player funds be kept in segregated accounts.
 
* The usual provisions are made to ensure that players are within the state borders, and for the exclusion of bots, under aged and problem gamblers, along with minimum standards for the protection of privacy and the offering of fair games.
 
* Comprehensive requirements are listed for probity checks on the senior management and shareholders of aspirant operators.
 
* Specifically makes the offering of unlicensed [in New York] online gambling services a criminal offence, although this does not seem to go as far as making individual players criminals, as has been the case in the state of Washington.
 
Any unlicensed operator caught offering services within the state will also apparently be held liable for state taxes.
 
Full details on the new bill can be read here: http://assembly.state.ny.us/leg/?sh=printbill&bn=S6913&term=2013

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Gambling News :

Local Florida Poker Pros Scam Marc Klang For $500k - Previous scumbag rightfully wins over $500,000 gambling against a conglomerate of local poker pros. After using every excuse possible, said group decides they are not paying out any money. After some time they pay out $43k of 500k. Winner warns community of the groups actions to prevent similar future scams.

2017 Super High Roller Bowl Schedule - Poker Central, POKER PROductions and the Aria Resort & Casino have released details on the 2017 Super High Roller Bowl taking place 28-31 May.

Super Multitimes Progressive HD Slot - This 3-row, 5-reel slot features Multipliers, Wilds, Free Spins and four Progressive Jackpot levels offering increasing wins to heighten player engagement.

2017 Aussie Milliona Updates Events 2,3,4 - Taiwan's James Chen bested Australian Rainer Quel heads up to win the first championship ring of the series in which he defeated a field of 48 players in Event 2: $2,500 H.O.R.S.E. earning the top prize of AUD$39,700.

Juventus name VWin as Partner - “We are very satisfied with this new regional partnership that confirms Juventus’ global growth in high potential markets such as this one,” Giorgio Ricci, co-chief revenue officer & head of global partnerships and global revenue for Juventus said.

Luckia Group 2016 Results - The group reports record turnover of Euro 269.66 million, up 12 percent over full year 2015 with EBITDA standing at Euro 44 million, a 26 percent increase over the previous year.

Fire Rooster Slot Launches - This 5-reel, graphic-rich slot is based on the Chinese legend, The Rooster’s Lament, in which the Jade Emperor chooses specific animals to represent the months of the year.

n2-Live Updates - The company promises new features designed to enhance the playing experience that “further distance our gaming solutions from the ‘me too’ products currently available in the market place.”

Betfred FY 2016 - Betfred has seemingly reversed its fortunes with a strong 2016 delivering a GBP 28,438,000 operating profit as opposed to the GBP 77,312,000 loss in fiscal year 2015.

BetConstruct has joined the National Council on Problem Gambling - BetConstruct has joined the National Council on Problem Gambling (NCPG) saying it feels a duty to support an organization that strives to keep gaming fun and safe for all.

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