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TEXAS POKER LAW REINTRODUCED

The Democratic Party Representative for Texas, Jose Menendez, has shrugged off the lapse of an earlier attempt to regulate poker in the committee stage of the Texas House and has instead re-launched an amended bill HB222 that seeks to expand poker's availability in the state.
 
Titled the Poker Gaming Act of 2009, the new bill does not apply to the conduct of bingo, charitable raffles, the state lottery, or video poker, and requires that all poker gaming conducted in Texas and authorised by law shall be regulated and licensed by the Texas Lottery Commission, which will form a new inspectorate and licensing section for this purpose. The regulatory regime is tasked with regulating the game in an honest and competitive manner, and in such a way as to keep it free from criminal and other corruptive elements.
 
The bill covers application specifics for a range of poker providers that includes existing pari-mutuel outlets, tribal-gaming interests, bars and taverns, social clubs and other charitable organisations. And charitable organisations will not be permitted to deduct more than 30 percent of gross receipts for tournament expenses.
 
HB222 additionally seeks to introduce a Poker Gaming Revenue Fund, which will be used on mainly social projects associated with the Texas homeless.
 
Tournaments with buy-ins of up to $100, with no more than an additional $30 in registration fees are envisaged, along with licensing requirements for electronic poker tables. Other clauses go into the minutiae of frequency of deck changes, and bonus programs.
 
Interviewed by local radio station WOAI, Menendez said he is not interested in seeing "poker rooms on every corner around the state." 
 
"My interest is in seeing places where people could play poker and feel safe," he said. "What I would like to see happen is that you could put together a statewide tournament, where people could be working together with one goal, like a Texas Hold 'em Championship for the state of Texas," he said.

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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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