Ca lawmakers will mull several state bills that could affect both land and online gambling efforts this season (Image: Michael Macor, The Chronicle)
A new 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 public, aided by the goal of determining whether the existing regulatory structures that are in place are aiding or abetting California’s current and future outlook that is economic.
Furthermore, the panel will review the effect of hawaii’s numerous card groups on both state and tax that is local, also as on charges to both. Yee said he’s checking out the chance that more gaming that is non-Indian could help boost California’s ever-struggling coffers to become fuller.
‘Despite the good news we’ve seen in budget projections, I do believe it is usually worth looking myfreepokies.com at new revenue sources for our state,’ noted Yee. Once the committee review is complete, the new bill will move ahead to your state Assembly for further assessment.
Of course, as Newton so sensibly noted, for every single action there’s a similar and reaction that is equal and nowhere does that hold truer than on the planet of gambling legislation. No sooner was SB 601 delivered to light than the California Coalition Against Gambling Expansion (CCAGE) popped up, declaring that the brand new bill was nothing more but a gateway drug for loosening regulatory procedures for operators.
‘SB 601 should be amended to require a balanced consider the laws and regulations governing gambling, including maybe not only their impeding impact on the industry, nevertheless the social and economic expenses 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 about the bill.
Many Viewpoints, Little Agreement
Of course, Ca has a myriad of factions and viewpoints with regards to gambling, therefore SB 601 is hardly the only legislation on the table in this arena at this time. Also under review are SB 678 introduced by Sen. Lou Correa (D-Santa Ana) also referred to as the ‘Authorization and Regulation of Web Poker and Consumer Protection Act of 2013,’ a bill targeted at legalizing poker that is online, which has the help of eight Indian tribes.
Then there’s SB 51 the ‘Internet Gambling Consumer Protection and Public-Private Partnership Act of 2013’ introduced by Sen. Roderick Wright (D-Inglewood). Of course, having been found guilty on eight counts of perjury and voter fraud week that is last Wright may have more to worry about than gambling legislation right now.
With 38 million residents to draw from, California holds by far the promise that is most of any U.S. state in order to make a lot of money from on line gambling. In reality, a recent study conducted jointly by industry research firm PokerScout along with consulting company Academicon revealed the Golden State has a $263 million revenue potential for the first 12 months of iGaming, should it decide to legalize it, and a $384 million possibility for year 10. That being said, other states such as Delaware have became pretty far off in their initial projections so far, but with California’s huge population base, there is far more prospective for hitting the mark or near 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 actually aligned in their anti-online gambling viewpoints (Image: msn.com)
They say politics makes for strange bedfellows, therefore the same could be said for the casino industry. Of course, the lines between politics and gambling industry policy that is regulatory get pretty blurry, and sometimes it’s hard to discern one from one other, and such will be the case with all the new professional love affair between longtime anti-online gambling crusader Sheldon Adelson, and their new bestie and ally, Steve Wynn.
Macau Is Their Relationship
Perhaps their mutual success in Macau has generated a bond that is new the 2 casino magnates; whatever it really is, Adelson and Wynn undoubtedly two associated with the most established visionaries in the gambling industry have also become aligned in an area where Adelson has found few business compadres to join him: his vehement fight against what he claims are the inherent evils of on line gambling in America.
Steve Wynn now says he concurs using the nevada Sands CEO that Internet video gaming will be the apocalypse for underage morality within the U.S. if it gets a unilateral pass that is federal.
‘I wind up agreeing with Sheldon,’ said Wynn recently.
That 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 is Wynn who has now seen ‘the light’ when it comes to the net’s potentially corrupting influence via online gambling.
Visions of Underage Online Gamblers
Wynn now relates to the government that is federal ‘insatiable appetite for revenue,’ and foresees we’re not sure why exactly the likelihood of underage gamblers by the truckload sneaking through the regulatory checkpoints and also this creating some kind of American backlash towards gambling as a whole. Due to the fact 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 isn’t good entrepreneurial opportunity,’ maintains Wynn. ‘ Where is the business opportunity? The big problem I see is I don’t see the federal government letting us keep the amount of money.’
Again, we’re perhaps not certain what evidence he has that 13-year-olds by the boatloads will be crashing online gaming sites, but this appears 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 really convinced they are sophisticated sufficient to keep kids a bay. Despite the IT teams telling him the sites is going to be inaccessible to children, Wynn’s response was, ‘I’m sure it had been impressive if you had been a cyber man. But it had been bullsh—.’
Wynn now seems to be up to speed with Adelson’s contention that young teens will learn how to get online and gamble away almost all their own or their parents’ savings. We’re not sure how sophisticated your combo of con and penetration that is high-tech might have become to pull that off; and while it is no doubt a potential situation, so is being hit by a car or truck when we drive, but that doesn’t keep us from getting behind the wheel every time. Setting policy predicated on worst-case scenarios seems like a tactic that is odd us, but just what do we know; we’re maybe not billionaires with successful land casinos within the U.S. and Macau, are we?
As for Wynn, it’s a definite maybe in his viewpoints on this for the time being, anyway. And besides their concerns about underage issues, he’s not sure he would like to try to transfer their upscale casino image to a computer screen, if not exactly how that could be doable.
‘ I don’t understand how to complete that on a 17-inch screen,’ he said.
‘It’s possible it may change,’ Wynn added, regarding his views on Internet gambling. But he doesn’t think anybody’s opinion shall change Congress’s deer-in-headlight stance on Internet gambling, regardless.
‘[Legal gambling passage] can not get through the homely house 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.
Over the a year ago, there’s been plenty of talk about changing the gambling legislation that dictate how gaming is run in Florida. There were calls to expand the state’s casino offerings, along with plenty of help for reforming the regulations that are current remove loopholes and clarify precisely what is appropriate for operators to offer. But despite all of the issues that are important the table and even though the season is in its incipiency it seems that chances of any gambling laws passing in Florida in 2014 are getting longer by the day.
That news employs Republican legislative leaders had pledged to make the problem a concern year that is late last. Gambling ended up being on a list of legislative priorities that lawmakers presented to reporters prior to the session that is present, but who now say that it’s unlikely such a thing will take place before some big steps occur.
House Speaker Will Weatherford said that his chamber would not work without any legislation arriving concert by having a constitutional amendment that would allow voters to weigh in on any feasible gambling expansion.
‘I don’t think you’ll see us taking up gaming in the House,’ the Speaker said unless we can do that. For Weatherford, that statement covered ‘anything new,’ presumably including regulatory changes, along by the addition of brand new gambling enterprises.
Legal actions Add to Delays
The prospect of legislation may have been hampered by the nearly two dozen lawsuits currently dealing with the state after studies and hearings had been held to examine their state’s gaming legislation.
Those lawsuits cover many different issues, including regulations on horse and dog racing where battles over how events are conducted and whether tracks can host slots and other casino games are 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’s injury reporting. If you take all those pieces associated with the puzzle, they don’t snap together that easily,’ stated Senate Gaming Committee Chairman Garrett Richter.
That compact could eventually prove to be 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 video gaming come up on the legislative agenda whether lawmakers are ready because of it or not. During the minute, the compact allows the Seminole Tribe to own exclusive rights to banked games like blackjack throughout the state in return for $1 billion in payments from the tribe over the length of five years. Renewing or proposing changes to that compact will be a issue that is contentious especially if Florida thinks it makes more by removing the exclusivity and allowing non-Indian casino designers to build within the state.
‘Gaming is an problem that is forced towards the state either this 12 months or year that is next the Seminole compact is up for many renegotiation and once you do this you sort of touch the dominos which make everything else impacted,’ stated Senate President Don Gaetz. ‘ I do not believe that expansion of gaming or gaming legislation would be a Will Weatherford or perhaps a Don Gaetz concern.
‘It’s not something we necessarily desire to be associated with,’ Gaetz said, ‘but it’s something that circumstances probably require either us or our successors to do something positive about.’