No Consensus in Californian Online Poker LegalizationSeptember 16th, 2011
This week several online poker legalization supporters like the California Online Poker Association, the brands Morongo and San Manuel as well as various land based poker rooms publicly demanded legislators to finally legalize online poker in the state.
The reason for the urgency according to supporters is the fact that the Californian legislature will soon enter into its final month of activity in 2011, meaning that if a new legislation won't be adopted now, online poker might not become legalized for another year.
The California Online Poker Association claims that the legalization of online poker will be a good method in solving the difficult economic and financial situation of the state. The COPA gave the following statement:
"Unfortunately, nurses, police, fire and services for the poor and disabled will all be cut again if California doesn't find $4 billion in new revenue by December. There is a solution. By approving online poker, California has the ability to tap $250 million in new money immediately and billions in years to come."
On the other hand, opponents of the legalization process argue that the adoption of a new legislation should not be rushed and more time should be invested in discussing this proposal. They claim that delaying the issue to 2012 is the best solution regarding this matter.
Some of the opponents of online poker include also some Native American tribes that fear that if the practice would become legal they would lose a portion of their income that originates from poker and gambling.
The chairman of the California Tribal Business Alliance Robert H. Smith commented the following:
"Even though there have been hearings on the matter of intrastate Internet poker, many fiscal, legal, technical and policy related questions must be resolved before adoption of any intrastate Internet gaming legislation."
It's not sure yet how the Californian Legislature will act in its final month of business in 2011, but given the lack of consensus regarding the matter experts believe that online poker might not become legalized in the state this year.
Tags: US Online Gambling Legislation, California, USA
Latest Casino News
Betfair Reports Strong Revenue Growth in Fiscal Q1 2014 March 6th, 2014Teddy Sagi Sells 10% of His Shares in Gaming Company Playtech March 5th, 2014Paddy Power Online & Offline Revenues Continued to Grow in 2013 March 4th, 2014California to Draft Pro-Online Poker Bill Later in 2014 March 3rd, 2014UK Lawmakers Consider Implementing Gambling Ad Restrictions March 2nd, 2014Italy Drops Idea of Banning Online Gambling Advertisement March 1st, 2014William Hill Revenues Increased with 18% in 2013 February 28th, 2014888.com Welcomes Nevada-Delaware Online Poker Agreement February 27th, 2014Nevada and Delaware Enter Into Multistate Online Poker Agreement February 26th, 2014Adelson to Build $10 Billion Casino Complex in Japan February 25th, 2014
Online betting giant Betfair posted its new performance report for fiscal Q1 2014 revealing an increase in revenues especially in regards to mobile sports betting. The number of active players also significantly increased.
Teddy Sagi's company Brickington Trading Limited intends to sell 10% of its shares in Playtech. This transaction would reduce Sagi's stake in the venture to just 39%.
Irish land and online gambling operator Paddy Power revealed that in 2013 it managed to significantly increase its revenues and profits both in the company's online as well as offline divisions.
Californian lawmakers seem to have reached a consensus and plan to draft and implement a bill later in 2014 that would legalize online poker in the state. Other states are expected to do the same later the year.
UK lawmakers consider the implementation of a series of restrictions that would limit online as well as offline gambling companies advertisement rights in the country, especially when it comes to TV ads and commercials.
Italian lawmakers finally decided not to go ahead with the proposed ban on online gambling advertising. Instead lawmakers settled for some restrictions that might be implemented by the end of 2014 or early 2015.
William Hill revealed that in 2013 it managed to increase its total revenues with 18% generating a sum of GBP 1.48 billion. The company's online division reported an increase of 12% cashing in GBP 446.3 million.
888.com was the first online gambling and poker company that commented on the decision taken by Nevada and Delaware to allow interstate online poker player and liquidity sharing.
Nevada and Delaware entered into a multistate online poker agreement that would permit online poker sites to merge their liquidity and player pool from the two states. More states are expected to join the program later on.
Sheldon Adelson and Las Vegas Sands intend to build a $10 billion land-based casino complex in Japan once Japanese lawmakers implement a law that would legalize land-based casinos in the country.