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 brand 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 general 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 economic outlook.
Furthermore, the panel will review the effect of the state’s numerous card clubs on both state and local tax flows, aswell as on charges to both. Yee stated he’s exploring the chance that more gaming that is non-Indian could help boost California’s ever-struggling coffers to be fuller.
‘Despite the good news we’ve seen in budget projections, I think it’s always worth looking at new revenue sources for our state,’ noted Yee. Once the committee review is complete, the bill that is new proceed towards the state Assembly for further assessment.
Needless to say, as Newton so sensibly noted, for every single action there exists a similar and reaction that is equal 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 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 look that is balanced the laws and regulations governing gambling, including perhaps not only their impeding effect on the industry, nevertheless 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.,’ said CCAGE in a letter to legislators about the bill.
Many Viewpoints, Little Agreement
Of program, California has a myriad of factions and viewpoints when it comes to gambling, so SB 601 is hardly the only legislation on the dining table in this arena now. Also under review are SB 678 introduced by Sen. Lou Correa (D-Santa Ana) also known as the ‘Authorization and Regulation of Internet Poker and Consumer Protection Act of 2013,’ a bill targeted at legalizing on-line poker only, 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 program, having been found responsible 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, Ca 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 with consulting company Academicon unveiled 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 actually proved to be pretty far off in their initial projections so far, but with California’s huge population base, there is way 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 actually aligned in their anti-online gambling viewpoints (Image: msn.com)
They state politics makes for strange bedfellows, and the same could additionally 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 difficult to discern one from one other, and such would be the case using the brand new professional romance between longtime anti-online gambling crusader Sheldon Adelson, and their new bestie and ally, Steve Wynn.
Macau Is The Bond
Perhaps their mutual success in Macau has generated a new bond for the 2 casino magnates; whatever it is, Adelson and Wynn truly two of this 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 online gambling in America.
Steve Wynn now says he concurs utilizing the vegas Sands CEO that Web video gaming will be the apocalypse for underage morality into the U.S. if it gets a unilateral federal pass.
‘I find yourself agreeing with Sheldon,’ said Wynn recently.
This is certainly a significant turnaround from the Steve Wynn who once predicted that Sheldon Adelson would warm up to eventually the idea of online video 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 relates to your government that is federal ‘insatiable appetite for revenue,’ and foresees we are not sure why exactly the probability of underage gamblers by the truckload sneaking through the regulatory checkpoints and this creating some sort of American backlash towards gambling as a whole. Given that there have certainly been incidents of underage gamblers engaging in 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 free indian dreaming pokie machine download 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 opportunity that is entrepreneurial’ maintains Wynn. ‘ Where is the business opportunity? The problem that is big see is I don’t see the government letting us keep the amount of 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 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 enough to keep kids a bay. Despite the IT teams telling him the sites is going to be inaccessible to children, Wynn’s reaction was, ‘I’m sure it was impressive if you were a guy that is cyber. But it was 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 each of their own or their moms and dads’ savings. We’re not sure how sophisticated your combo of con and penetration that is high-tech might have become to pull that down; and while it’s no doubt a potential scenario, so will be hit by a vehicle as soon as we drive, but that does not keep us from getting behind the wheel every day. Setting policy based on worst-case scenarios seems like an odd tactic to us, but just what do we realize; we’re maybe not billionaires with effective land casinos within the U.S. and Macau, are we?
As for Wynn, it is a definite maybe in his viewpoints on this for the present time, anyway. And besides their concerns about underage issues, he’s not sure he wants to you will need to transfer their upscale casino image up to a computer screen, or even just how that could be doable.
‘ I do not understand how to do 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, irrespective.
‘[Legal gambling passage] can not cope with the homely house of Representatives,’ he stated. ‘They can’t agree with anything, especially something this esoteric.’
2014 Florida Legislative Session Shying Away from Gambling Expansion
Though it looked hopeful final 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 laws and regulations that dictate how gaming is run in Florida. There has been phone calls to expand the state’s casino offerings, along with plenty of support for reforming the present regulations to remove loopholes and clarify precisely what is legal for operators to offer. But despite most of the important dilemmas on the table and even though the entire year is in its incipiency it appears that the odds of any gambling laws passing in Florida in 2014 are getting longer by the day.
That news comes after Republican legislative leaders had pledged to help make the problem a concern year that is late last. Gambling was on a list of legislative priorities that lawmakers presented to reporters prior to the current session began, but who now say that it’s unlikely any such thing will happen before some big actions occur.
House Speaker Will Weatherford said that his chamber would not act with no legislation to arrive concert by having a constitutional amendment that would allow voters to weigh in on any feasible gambling expansion.
‘Unless we could do that, I don’t think you will see us taking up gaming inside your home,’ the Speaker said. For Weatherford, that statement covered ‘anything new,’ presumably including changes that are regulatory along with the addition of brand new gambling enterprises.
Lawsuits 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 were held to examine the state’s video gaming guidelines.
Those lawsuits cover a variety of issues, including laws on horse and dog race 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’s taxes. There’s slots. There’s the compact. There’s decoupling. There’s 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 sooner or later turn out to be the largest issue on 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 it or perhaps not. At the minute, the compact allows the Seminole Tribe to possess exclusive rights to banked card games like blackjack throughout hawaii in return for $1 billion in payments from the tribe over the span of five years. Renewing or proposing changes to that lightweight would have been a issue that is contentious especially if Florida thinks it makes more by detatching the exclusivity and allowing non-Indian casino developers to create into the state.
‘Gaming is definitely an issue that is forced to your state either this 12 months or year that is next the Seminole compact is up for many renegotiation and whenever you do this you kind of touch the dominos that make anything else affected,’ stated Senate President Don Gaetz. ‘ I don’t believe expansion of gaming or gaming legislation could be a Will Weatherford or a Don Gaetz priority.
‘It’s maybe not something we necessarily wish to be associated with,’ Gaetz said, ‘but it’s something that circumstances probably need either us or our successors to do some worthwhile thing about.’