California Legislators Continue to Grapple with Gambling Options

California Legislators Continue to Grapple with Gambling Options

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

A brand new California gambling bill approved week that is last 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 the existing regulatory structures that are in place are aiding or abetting California’s current and future financial outlook.

Regulatory Review

Also, the panel will review the effect of the state’s numerous card clubs on both state and regional tax flows, aswell as on costs 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 be fuller.

‘Despite the good news we’ve seen in budget projections, I believe it is usually worth evaluating new revenue sources for our state,’ noted Yee. Once the committee review is complete, the new bill will proceed towards the state Assembly for further assessment.

Needless to say, as Newton so sensibly noted, for each and every action there’s a similar and equal reaction, and nowhere does that hold truer than worldwide of gambling legislation. No sooner was SB 601 taken to light than the Ca Coalition Against Gambling Expansion (CCAGE) popped up, declaring that the new bill had been nothing more but 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 maybe not just their impeding effect 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 in regards to the bill.

Many Viewpoints, Little Agreement

Of program, Ca has a myriad of factions and viewpoints with regards to gambling, so SB 601 is hardly the legislation that is only the table in this arena now. Also under review are SB 678 introduced by Sen. Lou Correa (D-Santa Ana) also called 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 help of eight Indian tribes.

Then there is SB 51 the ‘Web Gambling Consumer Protection and Public-Private Partnership Act of 2013’ introduced by Sen. Roderick Wright (D-Inglewood). Of program, having been found guilty on eight counts of perjury and voter fraudulence last week, 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 make a lot of money from online gambling. In fact, a study that is recent jointly by industry research firm PokerScout along with consulting firm Academicon unveiled the Golden State has a $263 million revenue potential for the very first year of iGaming, should it choose 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’s 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 actually aligned in their anti-online gambling viewpoints (Image: msn.com)

They say politics makes for strange bedfellows, and 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 using the brand new professional love affair between longtime anti-online gambling crusader Sheldon Adelson, and his new bestie and ally, Steve Wynn.

Macau Is Their Bond

Possibly their mutual success in Macau has created a bond that is new the two casino magnates; whatever it 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 company 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 with the Las Vegas Sands CEO that Internet video gaming will be the apocalypse for underage morality in the U.S. if it gets a unilateral pass that is federal.

‘I find yourself agreeing with Sheldon,’ said Wynn recently.

This will be a serious turnaround from the Steve Wynn who once predicted that Sheldon Adelson would warm up to eventually the thought 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 towards the government that is federal ‘insatiable appetite for revenue,’ and foresees we are uncertain 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. Given that there have actually certainly been incidents of underage gamblers getting into land casinos under the radar at various points in time and the casinos usually get caught and fined for it without Joel Osteen creating a Sunday pulpit commentary in the subject or pickets going up on the Las Vegas Strip this seems a bit dramatic to us; but that is Wynn’s story and he’s sticking to it.

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

Again, we are perhaps not sure what proof he has that 13-year-olds by the boatloads will be crashing online gaming sites, but this appears to be Wynn’s primary concern and focus. He claims that after viewing the latest technological software at sites run by UltimateGaming et al to theoretically block underage players, he is simply not convinced they are sophisticated sufficient to keep kids a bay. Despite the IT teams telling him the sites is going to be inaccessible to kids, Wynn’s reaction was, ‘I’m yes it had been impressive if you had been a guy that is cyber. 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 moms and dads’ savings. We’re not sure how sophisticated your combo of con and high-tech penetration skills would have aristocrat indian dreaming slot machine download become to pull that off; and while it is no doubt a possible scenario, so has been hit by an automobile once we drive, but that doesn’t keep us from getting behind the wheel every day. Setting policy according to worst-case scenarios seems like a tactic that is odd us, but what do we realize; we’re maybe not billionaires with effective land casinos into the U.S. and Macau, are we?

As for Wynn, it’s a definite maybe in their viewpoints on this for the time being, anyway. And besides their concerns about underage issues, he’s maybe not sure he really wants to you will need to transfer his upscale casino image up to a computer screen, if not exactly how that could be doable.

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

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

‘[Legal gambling passage] can’t cope with the House of Representatives,’ he described. ‘They can not agree with anything, especially something this esoteric.’

2014 Florida Legislative Session Shying Away from Gambling Expansion

Although it looked hopeful final year, the 2014 Florida legislative session now seems to be shying away from any focus on gambling.

On the year that is last there’s been plenty of talk about changing the gambling regulations that dictate how gaming is run in Florida. There were calls to expand the state’s casino offerings, along with lots of support for reforming the regulations that are current remove loopholes and clarify what is appropriate for operators to provide. But despite every one of the issues that are important the table as well as though the year is in its incipiency it appears that chances of any gambling laws passing in Florida in 2014 are getting longer every day.

Republican Retreat

That news uses Republican legislative leaders had pledged to really make the problem a priority late last year. Gambling had been on a list of legislative priorities that lawmakers presented to reporters before the current session began, but whom now say it’s unlikely any such thing will take place before some big steps happen.

House Speaker Will Weatherford said that his chamber would not work without any legislation to arrive concert with a constitutional amendment that would allow voters to consider in on any feasible gambling expansion.

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

Lawsuits 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 their state’s gaming rules.

Those lawsuits cover a variety of issues, including regulations on horse and dog racing where battles over how races are conducted and whether tracks can host slots along with other casino games happen raging for many 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 show 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 through to the legislative agenda whether 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 to that lightweight would have been a issue that is contentious especially if Florida thinks it will make more by detatching the exclusivity and allowing non-Indian casino designers to construct within the state.

‘Gaming is definitely an issue that is forced to your state either this 12 months or next year by the Seminole compact is up for many renegotiation and whenever you do that you sort of touch the dominos that produce everything else affected,’ said Senate President Don Gaetz. ‘ I do not believe expansion of gaming or gaming legislation would be a Will Weatherford or even a Don Gaetz concern.

‘It’s not something we necessarily want to be taking part in,’ Gaetz said, ‘but it’s something that circumstances probably require either us or our successors to do some worthwhile thing about.’