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 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 a gaming policy advisory committee comprised of both industry executives and members of the general public, aided by the goal of determining perhaps the current regulatory structures that are in place are aiding or abetting California’s current and future financial outlook.
Additionally, the panel will review the impact of the state’s numerous card groups on both state and neighborhood tax flows, aswell as on costs to both. Yee said he is checking out the chance that more gaming that is non-Indian may help improve California’s ever-struggling coffers to become fuller.
‘Despite the good news we’ve seen in budget projections, I do believe it’s always worth considering 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.
Of course, as Newton so sensibly noted, for every action there exists a similar and reaction that is equal and nowhere does that hold truer than worldwide of gambling legislation. No sooner had been 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 but a gateway drug for loosening regulatory procedures for operators.
‘SB 601 should be amended to need a look that is balanced the legal guidelines governing gambling, including maybe not just 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.,’ said CCAGE in a letter to legislators concerning the bill.
Many Viewpoints, Little Agreement
Of course, Ca has a numerous factions and viewpoints in terms of gambling, so SB 601 is hardly the legislation that is only the table in this arena now. Additionally 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 internet poker only, which has the help of eight Indian tribes.
Then there’s 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 final week, Wright could 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 produce 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 revealed the Golden State has a $263 million revenue potential for its very first 12 months of iGaming, should it opt to legalize it, and a $384 million possibility for year 10. That being said, other states such as Delaware have proved to be pretty far off in their initial projections so far, but with California’s huge populace base, there is a lot more possible 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 now actually aligned in their anti-online gambling viewpoints (Image: msn.com)
They state politics makes for strange bedfellows, as well as the same could 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 will be the case aided by the new expert love affair between longtime anti-online gambling crusader Sheldon Adelson, and their new bestie and ally, Steve Wynn.
Macau Is Their Bond
Perhaps their mutual success in Macau has created a new bond for the two casino magnates; whatever it really is, Adelson and Wynn definitely two of 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 the web gambling in America.
Steve Wynn now says he concurs with the nevada Sands CEO that Web video gaming could be the apocalypse for underage morality in the U.S. if it gets a unilateral federal pass.
‘I become agreeing with Sheldon,’ said Wynn recently.
This is certainly quite a 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 that it’s Wynn who has now seen ‘the light’ when it comes down to online’s potentially corrupting influence via online gambling.
Visions of Underage Online Gamblers
Wynn now relates towards the government that is federal ‘insatiable appetite for revenue,’ and foresees we are not sure why exactly the possibility for underage gamblers by the truckload sneaking through the regulatory checkpoints and this creating some form of American backlash towards gambling as a whole. Given that there have actually 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 for it without Joel Osteen making a Sunday pulpit commentary on the subject or pickets going up on the Las Las vegas Strip this seems a bit dramatic to us; but that’s Wynn’s story and he is sticking to it.
‘This is not a good entrepreneurial opportunity,’ maintains Wynn. ‘ Where is the continuing business possibility? The problem that is big see is I don’t see the government letting us keep the cash.’
Again, we are not sure 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 says 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 enough to keep kids a bay. Despite the IT teams telling him the sites will be inaccessible to kids, Wynn’s reaction was, ‘I’m yes it was impressive if you had been a cyber man. But it was bullsh—.’
Wynn now seems to be up to speed with Adelson’s contention that young teenagers will learn how to get online and gamble away all their own or their moms and dads’ cost savings. We’re not sure how sophisticated your combo of con and high-tech penetration skills could have become to pull that off; and while it’s no doubt a possible scenario, so has been hit by a vehicle as soon as we drive, but that doesn’t keep us from getting behind the wheel every day. Establishing policy predicated on worst-case scenarios seems like a tactic that is odd us, but just what do we realize; we’re not billionaires with effective land casinos in 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 his concerns about underage issues, he is not sure he wants to you will need to transfer their upscale casino image to a computer screen, and on occasion even just how that would be doable.
‘ I don’t know how to do that on a screen that is 17-inch’ he stated.
‘It’s possible it might change,’ 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, irrespective.
‘[Legal gambling passage] can’t get through the House of Representatives,’ he revealed. ‘They can not agree on anything, especially something this esoteric.’
2014 Florida session that is legislative Away from Gambling Expansion
Though it looked hopeful last year, the 2014 Florida legislative session now is apparently shying away from any focus on gambling.
Over the this past year, there’s been plenty of talk about changing the gambling rules that dictate how gaming is run in Florida. There have been phone calls to expand the state’s casino offerings, along with lots of help for reforming the current laws to remove loopholes and clarify precisely what is legal for operators to offer. But despite all the issues that are important the table and also though the year is in its incipiency it seems that the odds of any gambling laws passing in Florida in 2014 are getting longer by the day.
That news uses Republican legislative leaders had pledged to make the problem a priority year that is late last. Gambling was for a list of legislative priorities that lawmakers presented to reporters ahead of the present session began, but who now say that it’s not likely any such thing will take place before some big actions take place.
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 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 help of brand new casinos.
Legal actions Add to Delays
The prospect of legislation may have been hampered by the nearly two dozen lawsuits currently facing the continuing state after studies and hearings had been held to review the state’s gaming legislation.
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 and other casino games have been 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 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 sooner or later turn out to be the issue that is largest regarding the table. Florida’s compact with the Seminole Tribe expires in 2015, and that deadline will eventually make gaming come through to the agenda that is legislative lawmakers are prepared for it or perhaps 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 contentious problem, especially if Florida thinks it make more by eliminating the exclusivity and allowing non-Indian casino designers to construct within the state.
‘Gaming can be an problem that is forced towards the state either this year or next year by the Seminole compact is up for many renegotiation and once you accomplish that you kind of touch the dominos which make anything else affected,’ said Senate President Don Gaetz. ‘ I do not believe that expansion of gaming or gaming legislation would be a Will Weatherford or even a Don Gaetz concern.
‘It’s not something we necessarily desire to be involved in,’ Gaetz said, ‘but it’s a thing that circumstances probably require either us or our successors to do some worthwhile thing about.’