California: A new bill on online poker regulation submitted
After multiple unsuccessful attempts to legalize online poker in California for years, local lawmakers have just introduced a new bill early this week. Submitted by Democrat Assemblyman Mike Gatto, the draft law named "Internet Poker Consumer Protection Act of 2015" is expected to pave Californias way to join New Jersey, Delaware and Nevada, and become the fourth US state to have a regulated online poker market. As mentioned above, this is not the first attempt that Californias lawmakers tried to bring the bill to a vote. Actually, the draft law has been discussed for many times. However, the state legislators have failed to reach an agreement with the main actors involved.
According to Mike Gatto, the new bill offers a good compromise between the previously opposing groups. In fact, the text shares some similarities with the previous proposals. But it brings new measures to ensure the sustainability of brick-and-mortar casinos, guarantee an open market to a greater number of actors and especially to eliminate any potential risk from money laundering. If approved, the new bill will provide an economic windfall (tax revenue) to California knowing the fact that it is home to a great number of gamblers, a great pool of over 2.5 million active players, who desperately move to other states in order to legally indulge in their gamble of choosing. After years of observation and discussion, the year 2015 is expected to see California enter the market once the Internet Poker Consumer Protection Act of 2015 is passed in both Houses.
Friday, 05 December 2014
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