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Texas Courts Discuss Poker

It looks as if 2009 will be a busy year for the legislature and the courts in the state of Texas as moves to expand or liberalise gambling shape up. Starting the year off is the reintroduction by Representative Jose Menendez of HR 222, a bill which seeks to acknowledge poker as a game of skill rather than chance, therefore liberalising its pursuit.
 
In 2007, the Texas legislature tried and ultimately failed to pass a bill legalising poker in Texas  and Rep. Menendez has accordingly introduced a new bill, HB 222 "The Poker Gaming Act of 2009", for the upcoming session. Full details on the bill can be found at http://www.legis.state.tx.us/tlodocs...l/HB00222I.htm, but it is intended that taxes raised will be dedicated to assisting the homeless in the state.  Pokerstars
 
There are set limits on tournament buy-ins at $100, and restrictions on rake confining it to 10 percent and a maximum of $4 a hand, although operators can levy an additional $1 a hand to fund bonuses, jackpots and promotional activity. There are stiff regulatory proposals.
 
Turning to the courts rather than the legislature itself is an initiative by a Dallas-based lawyer who has filed civil suit naming the state and the city of Dallas in an attempt to secure a declaratory judgement.
 
Citing "uncertainty and insecurity with respect to rights, status and other legal relations" regarding live poker, and the deleterious effects of such uncertainty on his Pick-Up Poker business, lawyer David Tucker is hoping for a ruling that will enable him to move forward with more assurance.
 
Tucker's concept is to lease fully furnished and equipped poker rooms to private individuals and parties. And he's betting on the way the venture is structured to get things moving and legally acceptable. Players make deposits with the firm and are given chips with which to play in "cashless" competitions. When they are done, players can get refunds on their chips.
 
Taking a wider view, Business Week reports that for the second time in recent years, a serious drive is afoot in the Texas Legislature to legalise [land] casino wagering - a move that, if successful, would mean trouble for neighbouring Louisiana riverboats and race track casinos that have cashed in on Texas gamblers since the 'nineties.
 
Texas lawmakers have proposed the establishment of up to 12 casinos with retail, meeting and entertainment infrastructures. The measure also would allow slot machines and horse and dog racing tracks in Texas, along with casino gambling on Indian reservations.
 
For Louisiana such a competitive scheme could be disastrous - 70 percent of the state's business comes from the Lone Star State.
 
Business Week reports that big tax revenue projections made by supporters of the proposals border on the ludicrous, along with the appeal of new jobs in a recession.
 
Texas backers estimated that 12 state-licensed casinos would pull in $3 billion to $4.5 billion per year in state and local tax money.
 
"That's an impressive figure - provided it would ever pan out," opines Business Week. "According to the American Gaming Association, casinos in the 12 states where they are legal, pulled in $5.8 billion in taxes - with $3.7 billion of that coming from five states: Nevada, New Jersey, Louisiana, Indiana and Illinois."
 
That opinion is backed by at least one gambling expert, who noted: "They are really deluding themselves about the revenue projections. Three to 4.5 billion a year? That's just a fantasy. Texas is an intriguing state but I don't see them neutralizing the entire gaming industry nationwide."
 
There may be problems raising the necessary capital for such ambitious projects in the currently depressed credit markets. As Business Week points out: "Although the recession might increase the appeal of legalising casinos in Texas, the downturn also is making it difficult for the industry. In some states - excluding Louisiana thus far - revenue is declining. Nationwide, though, it's the lockdown of the credit markets -- and the virtual lockout of the casino business.
 
"At least three major casino building projects have been halted in Las Vegas, representing about $33.5 billion, while $11.6 billion in projects outside of Las Vegas have been put on hold. The New Jersey casino group once owned by Donald Trump is in bankruptcy protection for a third time, buried in debt.
 
"Last month, Pinnacle Entertainment Inc., which says it's bullish on Louisiana, won delays from the Louisiana Gaming Control Board on development schedules for riverboat casino-hotels in Lake Charles and Baton Rouge. Pinnacle officials said that even if they could find credit, it likely would cost the company 15 percent to 18 percent in interest."
 
Finally there's the determined opposition of religious right groups that have strong influence in the state of Texas. Tough opposition has been promised by Baptists and social conservatives, who killed an earlier move toward casinos. And Governor Rick Perry seems cool to the idea, which would have to be approved by a public vote on a constitutional amendment, with splits already emerging between casino and race track interests.

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Gambling News :

Is Gibraltar Out of Luck in US Tax Challenge - Gibraltar's challenge to the UK 15 percent point-of-consumption tax on online gambling operator revenues has already failed in the UK High Court, and it looks as if it may be rejected by the European Court of Justice too.

Quickspin are now available in Denmark - #quickspin The roll-out strengthens the long-standing partnership between the supplier and the operator, with Quickspin games already available on Vera&John’s websites around the world.

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

Extreme Live Gaming In deal With Betsson - Extreme Live Gaming, a subsidiary of the Novomatic Interactive group, has announced a live dealer product deal with the Betsson online gambling group, with an initial launch planned for Betsson.com, followed by other brands in the Swedish group's portfolio.

Expansion Mode For BoyleSports - The Bambury premises are situated in Kildare, Meath and Dublin and will be refurbished and rebranded after acquisition, with the total of 31 staff remaining in employment..

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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