Muravera Calcio ( Sardegna Italy - Costa Rei ) | California Legislators Keep to Grapple with Gambling Options
post-template-default,single,single-post,postid-6171,single-format-standard,bridge-core-1.0.4,cookies-not-set,ajax_fade,page_not_loaded,,qode_grid_1300,footer_responsive_adv,hide_top_bar_on_mobile_header,qode-theme-ver-18.0.6,qode-theme-bridge,qode_header_in_grid,wpb-js-composer js-comp-ver-5.7,vc_responsive

California Legislators Keep to Grapple with Gambling Options

California Legislators Keep to Grapple with Gambling Options

California Legislators Keep to Grapple with Gambling Options

California lawmakers will mull several state bills that could affect both land and online gambling efforts this present year (Image: Michael Macor, The Chronicle)

A fresh California gambling bill approved last week by the State Senate could up taxes and review regulatory procedures on the Golden State’s ever-expanding gaming industry. Introduced by Sen. Leland Yee (D-San Francisco), SB 601 goes under the microscope of the gaming policy advisory committee comprised of both industry executives and members of the general public, with all the goal of determining whether or not the existing regulatory structures that are in place are aiding or abetting California’s current and future economic outlook.

Regulatory Review

Additionally, the panel will review the impact of hawaii’s numerous card groups on both state and regional tax flows, also as on costs to both. Yee stated he could be checking out the possibility that more non-Indian video gaming outfits may help boost California’s ever-struggling coffers to become fuller.

‘Despite the news that is good’ve seen in budget projections, I think it is usually worth looking at new revenue sources for our state,’ noted Yee. Once the committee review is complete, the bill that is new proceed to the state Assembly for further assessment.

Needless to say, as Newton so wisely noted, for every action there’s a similar and equal response, and nowhere does that hold truer than in the world of gambling legislation. No sooner was SB 601 delivered to light than the Ca Coalition Against Gambling Expansion (CCAGE) popped up, declaring that the brand new bill had been nothing more but a gateway drug for loosening regulatory procedures for operators.

‘SB 601 should be amended to need a balanced consider the legal guidelines governing gambling, including not only their impeding impact on the industry, but the social and economic costs inevitably related to gambling expansion among California families and communities — e.g., increased debts, foreclosures and bankruptcies, divorces, suicides, etc.,’ stated CCAGE in a letter to legislators in regards to the bill.

Many Viewpoints, Little Agreement

Of course, California has a numerous factions and viewpoints when it comes to gambling, so SB 601 is hardly the only legislation on the dining table in this arena right now. Additionally under review are SB 678 introduced by Sen. Lou Correa (D-Santa Ana) also known as the ‘Authorization and Regulation of Web Poker and Consumer Protection Act of 2013,’ a bill targeted at legalizing internet poker only, which has the help of eight Indian tribes.

Then there is SB 51 the ‘Internet Gambling Consumer Protection and Public-Private Partnership Act of 2013’ introduced by Sen. Roderick Wright (D-Inglewood). Of program, having been found bad on eight counts of perjury and voter fraud week that is last Wright could have more to worry about than gambling legislation right now.

With 38 million residents to draw from, California holds by far the most promise of any U.S. state to create a lot of money from online gambling. In fact, a study that is recent jointly by the marketplace research firm PokerScout along side consulting company Academicon unveiled the Golden State has a $263 million revenue potential for its first year of iGaming, should it choose to legalize it, and a $384 million possibility for year 10. That being said, other states such as Delaware have actually turned out to be pretty far off in their projections that are initial far, but with California’s huge population base, there’s far more potential for hitting the mark or close to it in these projections.

Steve Wynn Joins Sheldon Adelson in Anti-Online Gambling Stance

Who woulda thunk it? Sheldon Adelson and Steve Wynn are now aligned in their anti-online gambling viewpoints (Image:

They state politics makes for strange bedfellows, plus the same could also be said for the casino industry. Of course, the lines between politics and gambling industry regulatory policy can get pretty blurry, and sometimes it’s hard to discern one from the other, and such is the case because of the brand new professional love affair between longtime anti-online gambling crusader Sheldon Adelson, and his new bestie and ally, Steve Wynn.

Macau Is The Relationship

Maybe their mutual success in Macau has created a new bond for the two casino magnates; whatever it is, Adelson and Wynn truly two of this most established visionaries in the gambling industry have finally additionally become aligned in an area where Adelson has found few company compadres to join him: his vehement fight against what he claims are the inherent evils of on the web gambling in America.

Steve Wynn now says he concurs with all the Las vegas, nevada Sands CEO that Web video gaming could be the apocalypse for underage morality within the U.S. if it gets a unilateral pass that is federal.

‘I end up agreeing with Sheldon,’ said Wynn recently.

This really is a significant turnaround from the Steve Wynn who once predicted that Sheldon Adelson would warm up to eventually the idea of online gaming. Au contraire; it appears it comes to the Internet’s potentially corrupting influence via online gambling that it is Wynn who has now seen ‘the light’ when.

Visions of Underage Online Gamblers

Wynn now refers to the federal government’s ‘insatiable appetite for revenue,’ and foresees we are not sure why exactly the possibility of underage gamblers by the truckload sneaking through the regulatory checkpoints and also this creating some types of American backlash towards gambling as a whole. Considering that there have actually certainly been incidents of underage gamblers getting into land gambling enterprises under the radar at various points in time and the casinos usually get caught and fined us; but that’s Wynn’s story and he’s sticking to it for it without Joel Osteen creating a Sunday pulpit commentary on the topic or pickets going up on the Las Vegas Strip this seems a bit dramatic to.

‘This is not a good opportunity that is entrepreneurial’ maintains Wynn. ‘ Where is the business possibility? The problem that is big see is I don’t see the government letting us keep the money.’

Again, we are maybe not certain what proof he has that 13-year-olds by the boatloads will be crashing online gaming sites, but this generally seems to be Wynn’s primary focus and concern. He states that after viewing the latest technological software at sites run by UltimateGaming et al to theoretically block underage players, he is not convinced they are sophisticated enough to keep kids a bay. Despite the IT teams telling him the sites is inaccessible to kids, Wynn’s response was, ‘I’m yes it had been impressive if you had been a guy that is cyber. But it ended up being bullsh—.’

Wynn now seems to be on board with Adelson’s contention that young teens will work out how to get online and gamble away all their own or their parents’ savings. We’re not sure how sophisticated your combo of con and penetration that is high-tech would have become to pull that down; and while it is without doubt a potential situation, so has been hit by an automobile when we drive, but that does not keep us from getting behind the wheel every time. Establishing policy predicated on worst-case scenarios seems like an odd tactic to us, but what do we all know; we’re maybe not billionaires with successful land casinos in the U.S. and Macau, are we?

As for Wynn, it’s really a definite maybe in his viewpoints with this for the time being, anyway. And besides his concerns about underage issues, he’s maybe not sure he would like to you will need to transfer their upscale casino image to a computer screen, and sometimes even how that would be doable.

‘ I don’t understand how to do that on a 17-inch display,’ he said.

‘It’s possible it may alter,’ Wynn included, regarding their views on Internet gambling. But he doesn’t think anyone’s opinion will change Congress’s deer-in-headlight stance on Internet gambling, irrespective.

‘[Legal gambling passage] can’t get through the home of Representatives,’ he pointed out. ‘They can’t agree on anything, especially one thing this esoteric.’

2014 Florida Legislative Session Shying Away from Gambling Expansion

The 2014 Florida legislative session now seems to be shying away from any focus on gambling although it looked hopeful last year.

Within the this past year, there’s been plenty of talk about changing the gambling regulations that dictate how gaming is run in Florida. There were phone calls to grow the state’s casino offerings, along with lots of support for reforming the current laws to remove loopholes and clarify what exactly is legal for operators to offer. But despite every one of the crucial issues on the table and also though the entire year is in its incipiency it appears that the chances of any gambling laws passing in Florida in 2014 are getting longer every day.

Republican Retreat

That news comes after Republican legislative leaders had pledged to help make the issue a priority later last year. Gambling was for a list of legislative priorities that lawmakers presented to reporters prior to the current session began, but who now say so it’s unlikely anything will happen before some big steps take place.

House Speaker Will Weatherford said that his chamber would not act with no legislation to arrive concert having a constitutional amendment that would allow voters to consider in on any gambling expansion that is possible.

‘Unless we could do that, I don’t think you’ll see us taking up gaming in the House,’ the Speaker said. For Weatherford, that statement covered ‘anything new,’ presumably including regulatory changes, along with the addition of new casinos.

Legal actions Add to Delays

The prospect of legislation may have been hampered by the nearly two dozen lawsuits currently facing the state after studies and hearings had been held to review hawaii’s gaming legislation.

Those lawsuits cover many different issues, including regulations on horse and dog racing where battles over how races are conducted and whether tracks can host slots and other casino games were raging for some time now.

‘There’s regulations. There’s dogs. There’s integrated resorts. There is taxes. There’s slots. There is the compact. There’s decoupling. There is injury reporting. They don’t snap together that easily,’ said Senate Gaming Committee Chairman Garrett Richter if you take all those pieces of the puzzle.

That compact could ultimately end up being the issue that is largest in the table. Florida’s compact with the Seminole Tribe expires in 2015, and that deadline will sooner or later make gaming come up on the legislative agenda whether lawmakers are ready for this or maybe not. At the moment, the lightweight allows the Seminole Tribe to possess exclusive rights to banked cards like blackjack throughout the state in exchange for $1 billion in payments from the tribe over the span of five years. Renewing or proposing changes to that particular lightweight is a contentious issue, especially if Florida thinks it make more by removing the exclusivity and allowing non-Indian casino developers to construct into the state.

‘Gaming is an problem that is forced to the state either this 12 months or next year by the Seminole compact is up for many renegotiation free online pokies indian dreaming and when you do that you type of touch the dominos that produce the rest impacted,’ said Senate President Don Gaetz. ‘ I do not genuinely believe that expansion of gaming or gaming legislation would be a Will Weatherford or even a Don Gaetz concern.

‘It’s maybe not something we necessarily want to be involved with,’ Gaetz said, ‘but it’s a thing that circumstances probably require either us or our successors to do something about.’

No Comments

Sorry, the comment form is closed at this time.