California lawmakers will mull several state bills that could affect both land and online gambling efforts this 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 a gaming policy advisory committee comprised of both industry executives and members of the public, using the goal of determining perhaps the current regulatory structures that are in place are aiding or abetting California’s current and future economic outlook.
Additionally, the panel will review the effect of their state’s numerous card clubs on both state and tax that is local, aswell as on fees to both. Yee said he is checking out the chance that more gaming that is non-Indian could help improve California’s ever-struggling coffers to become fuller.
‘Despite the news that is good’ve seen in budget projections, I think it’s always worth evaluating new revenue sources for our state,’ noted Yee. Once the committee review is complete, the new bill will proceed jugar indian dreaming slot to your state Assembly for further assessment.
Needless to say, as Newton so sensibly noted, for each and every action there exists a similar and reaction that is equal and nowhere does that hold truer than on the planet of gambling legislation. No sooner had been SB 601 delivered to light than the California Coalition Against Gambling Expansion (CCAGE) popped up, declaring that the bill that is new absolutely nothing more however a gateway drug for loosening regulatory procedures for operators.
‘SB 601 should be amended to need a balanced look at the regulations governing gambling, including not only their impeding effect 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, Ca has a numerous factions and viewpoints regarding gambling, therefore SB 601 is hardly the only legislation on the dining 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 Internet Poker and Consumer Protection Act of 2013,’ a bill aimed at legalizing poker that is online, which has the support 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 fraudulence week that is last Wright may have more to worry about than gambling legislation right now.
With 38 million residents to draw from, Ca holds by far the promise that is most of any U.S. state to create big bucks from on the web gambling. In fact, a study that is recent jointly by industry research firm PokerScout along with consulting company Academicon revealed the Golden State has a $263 million revenue potential for its first 12 months 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 became pretty far off in their projections that are initial far, but with California’s huge population base, there is way more prospective 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 actually aligned in their anti-online gambling viewpoints (Image: msn.com)
They say politics makes for strange bedfellows, and also 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 one other, and such is the case with all the new expert romance between longtime anti-online gambling crusader Sheldon Adelson, and their new bestie and ally, Steve Wynn.
Macau Is The Bond
Possibly their mutual success in Macau has generated a new bond for the two casino magnates; whatever it really is, Adelson and Wynn truly two of the most established visionaries in the gambling industry have additionally 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 online gambling in America.
Steve Wynn now says he concurs because of the Las Vegas Sands CEO that Internet gaming may be the apocalypse for underage morality into the U.S. if it gets a unilateral pass that is federal.
‘I end up agreeing with Sheldon,’ said Wynn recently.
This will be a significant turnaround from the Steve Wynn who once predicted that Sheldon Adelson would warm up to eventually the concept of online video gaming. Au contraire; it seems 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 relates to your government that is federal ‘insatiable appetite for revenue,’ and foresees we’re unsure why precisely the risk 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. Considering that there have certainly been incidents of underage gamblers getting into land casinos underneath 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 possibility,’ maintains Wynn. ‘ Where is the business opportunity? The big problem I see is I don’t see the federal government letting us keep the money.’
Again, we’re not certain what evidence he has that 13-year-olds by the boatloads will be crashing online gaming internet sites, but this generally seems to be Wynn’s primary concern and focus. He states that after viewing the latest software that is technological sites run by UltimateGaming et al to theoretically block underage players, he is not convinced they are sophisticated sufficient to keep kids a bay. Despite the IT teams telling him the sites are inaccessible to children, Wynn’s response was, ‘I’m yes it absolutely was impressive if you’re a cyber guy. But it had been bullsh—.’
Wynn now seems to be on board with Adelson’s contention that young teenagers will work out how to get online and gamble away each of their own or their moms and dads’ savings. We’re not sure how sophisticated your combo of con and high-tech penetration skills would have become to pull that down; and while it’s without doubt a potential scenario, so is being hit by a car or truck whenever we drive, but that doesn’t keep us from getting behind the wheel every time. Establishing policy predicated on worst-case scenarios seems like a tactic that is odd us, but exactly what do we know; we’re maybe not billionaires with successful land casinos into the U.S. and Macau, are we?
As for Wynn, it’s a maybe that is definite his viewpoints on this for now, anyway. And besides his concerns about underage issues, he is not sure he would like to make an effort to transfer his upscale casino image up to a computer screen, and on occasion even exactly how that would be doable.
‘ I don’t know how to complete that on a screen that is 17-inch’ he stated.
‘It’s possible it may change,’ Wynn added, 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, regardless.
‘[Legal gambling passage] can’t complete the homely house of Representatives,’ he revealed. ‘They can’t acknowledge anything, especially one thing this esoteric.’
2014 Florida session that is legislative Away from Gambling Expansion
Although it looked hopeful last year, the 2014 Florida legislative session now is apparently shying away from any focus on gambling.
On the this past year, there’s been plenty of talk about changing the gambling guidelines that dictate how gaming is run in Florida. There have been phone calls to expand the state’s casino offerings, along with plenty of help for reforming the present regulations to remove loopholes and clarify precisely what is appropriate for operators to offer. But despite every one of the issues that are important the table and even though the year is in its incipiency it seems that the odds of any gambling laws passing in Florida in 2014 are getting longer every day.
That news employs Republican legislative leaders had pledged to help 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 ahead of the session that is present, but who now say that it’s not likely any such thing will take place before some big steps take place.
House Speaker Will Weatherford said that his chamber would not act without the legislation coming in concert with a constitutional amendment that would allow voters to consider 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 with the addition of new gambling enterprises.
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 video gaming guidelines.
Those lawsuits cover a number of issues, including laws on horse and dog race where battles over how races are conducted and whether tracks can host slots along with other casino games have been raging for many time now.
‘There’s regulations. There’s dogs. There’s integrated resorts. There is taxes. There’s slots. There’s the compact. There’s decoupling. There is injury reporting. If you take all those pieces associated with the puzzle, they are doingn’t snap together that easily,’ stated Senate Gaming Committee Chairman Garrett Richter.
That compact could ultimately prove to be the biggest issue on the table. Florida’s compact with the Seminole Tribe expires in 2015, and that deadline will ultimately make gaming come up on the agenda that is legislative lawmakers are prepared for this or not. The compact allows the Seminole Tribe to have exclusive rights to banked card games like blackjack throughout the state in exchange for $1 billion in payments from the tribe over the course of five years at the moment. Renewing or proposing modifications compared to that compact would have been a contentious problem, especially if Florida thinks it can make more by eliminating the exclusivity and allowing non-Indian casino developers to create into the state.
‘Gaming can be an problem that is forced towards the state either this 12 months or next year by the Seminole compact is up for many renegotiation and whenever you do this you sort of touch the dominos which make the rest impacted,’ said Senate President Don Gaetz. ‘ I do not believe that expansion of gaming or gaming legislation would be a Will Weatherford or a Don Gaetz concern.
‘It’s not something we necessarily wish to be associated with,’ Gaetz said, ‘but it’s a thing that circumstances probably require either us or our successors to do some worthwhile thing about.’