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Cantor signs online poker deal with California horse racing, Gaming Intelligence

Cantor Gaming has signed an exclusive provisional agreement to provide an intrastate online poker platform for California-based thoroughbred racing and breeding association, Horse Racing United.

 

Both Horse Racing United and Cantor Gaming support the state of California passing legislation to legalize online poker, which they claim would generate substantial revenue for California at a time of significant budget challenges, as well as provide further support to the California horse racing industry's 50,000 jobs and $2.5bn economy.

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Nevada wants to share online liquidity and regulations cross borders, John Edwards GamblingCompliance

The Nevada Gaming Policy Committee on Wednesday unanimously recommended Governor Brian Sandoval propose online gambling compacts with neighboring states and potentially even foreign countries.


The action comes as Nevada prepares for the start of online poker inside its borders early next year, based on a 2011 U.S. Department of Justice legal opinion that states may allow intrastate, online gambling with the exception of sports wagers.

 

Nevada gambling regulators, however, fear other states may start competing for online gambling operators by relaxing their regulatory standards, causing a race to the bottom in online regulation.

 

Nevada officials worry that the federal bill may die, leaving states with widely varying standards for online gambling.

 

Nevada has only 2.7m people, but neighboring California has a population of 37.7m.

 

Other sources:

http://www.gaming-awards.com/NEWS/online-poker-to-be-live-by-late-2012/

Nevada could very well be live before 2013 according to Chairman of the Nevada Gaming Control Board Mark Lipparelli, one of 11 members on the panel, stating that the first real-money operator licenses, which are exclusively for casinos, will come through in 60-90 days.

 

Only three companies so far have been given approval to provide online poker software to Nevada casinos, which are Bally Technologies, International Game Technology and Shuffle Master.

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Licensing fees will soon be decided in Nevada, iGaming Post

Licensing fees will soon be decided in Nevada, iGaming Post | Poker & eGaming News | Scoop.it

Next month the Nevada Gaming Policy Committee will decide what gaming license applicants should pay $500,000 for an initial one-year license and $250,000 a year to renew it? Nevada will according to the proposition, also collect a gross gaming tax revenue, has the lowest proposed fees by far as well as the lowest tax rate in the nation at 6.75 percent. The Nevada Gaming Commission will meet June 21 do decide.  

 

California, has legislation pending that would require a $30 million license fee that would serve as a credit against monthly taxes imposed on gross gaming revenue. Just to apply for a license would cost from $1 million to $5 million. California is the largest demographic state with 30 million residents compared to Nevada’s 3 million.

 

Florida plans a nonrefundable $10 million fee credited against its 35 percent gross gaming tax in addition to an annual licensing fee of $500,000.

 

Massachusetts will seek a $10 million fee that would be credited against gross gaming tax revenue.

 

Other sources:

http://www.legalpokersites.com/blog/nevada-considers-lower-gambling-fees/ http://www.vegasinc.com/news/2012/jun/15/nevada-considering-some-lowest-online-gaming-licen/

 

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Why Online Gambling in the US can only be Federal Led, iGaming Post

Why Online Gambling in the US can only be Federal Led, iGaming Post | Poker & eGaming News | Scoop.it

But how realistic is it that the US States will actually operate, Nevada seems to be likely to be the first with online poker, but most realistically 7-10 months away from operational and still lawmakers there are not 100% certain that they are able to do it at State level!

 

Since the US DOJ announced its outright ban on Internet gambling, states are scrambling to figure out what the decision might mean for them.

 

California, Illinois, Iowa, New York and New Jersey are among other states that are expected to move quickly to get in on the action. That is precisely what Nevada has done, but Nevada put some pieces in place before the ruling in a way that some of the other states have not done and they are still some way off going online.

 

No one really knows for sure how many Americans gamble online or how much revenue states will be able to collect if it is legal. The American Gaming Association figures that worldwide, online gambling generates $30 billion a year. The group figures that states could collect up to $2 billion in tax revenue if online poker were legalized.

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California Seeks to Legalize Sports Betting, Derek S GamingZion

California Seeks to Legalize Sports Betting, Derek S GamingZion | Poker & eGaming News | Scoop.it

States such as Nevada, New Jersey, and New York are steadily moving forward. Delaware and California are jumping on the bandwagon, while other states, such as Florida, are quite unfriendly when it comes to online betting.

 

As the news spread, there is a great hope for the online gambling in America. However, as the Wire Act of 1966 states, no online sportsbooks in USA, especially on interstate basis, are allowed. Nevertheless, states such as New Jersey are challenging it. Now, another state, California is seeking to legalize sports betting on its territory.

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bwin.party signs 10-year California poker agreement, Gaming Intelligence

bwin.party digital entertainment has signed a 10-year agreement with the United Auburn Indian Community to power an online poker site in California if suitable intrastate gaming legislation is enacted.

 

The company said Tuesday that it would provide the technology and operational expertise to power the online poker site for a 10-year period from the date that online poker services are launched following enactment of suitable legislation.

 

The United Auburn Indian Community (UAIC) operates the 144,000 sq. ft. Thunder Valley Casino Resort near Sacramento, California, qualifying it for licensing under legislation proposed in California’s State Senate.

 

Other articles:

http://pokerfuse.com/features/in-depth/californias-latest-online-gambling-bill/

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Cantor reaches deal to provide online poker, iGamingPost

Cantor reaches deal to provide online poker, iGamingPost | Poker & eGaming News | Scoop.it

Cantor Gaming have announced that it has reached an agreement with the California horse racing tracks to provide online poker technology and infrastructure, should it be legalized in California.

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Cantor enters California with first mobile casino deal, Gaming Intelligence

Cantor Gaming, the mobile gaming and in-running betting solutions provider, has made its first move into the U.S state of California with the signing of an agreement to provide a complete mobile casino gaming solution to the Colusa Casino Resort, including Xtra Odds Blackjack and Xtra Odds Baccarat, as well as new games that the company is preparing to release during the next three months.

 

In addition, a selection of slots, table games and video poker will also be made available to Colusa customers on Cantor's mobile gaming platform.

 

Other sources:

http://www.innovategaming.com/2012/06/cantor-enters-california-mobile-casino-deal/

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California exchange betting delayed by one year, Gaming Intelligence

Betfair's hopes of launching its betting exchange product in the U.S state of California this year have been dashed after the Thoroughbred Owners of California (TOC) agreed to delay implementation of regulations for one year.

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California Voters Split On Online Poker, PokerUpdate

California Voters Split On Online Poker, PokerUpdate | Poker & eGaming News | Scoop.it

A recent poll conducted by the Los Angeles Times found that almost half of those surveyed would favor the state's regulation of online poker if the promised $200 million yearly would benefit education and public safety.

 

Other sources:

http://www.pokerplayernewspaper.com/content/will-broke-california-legalize-online-poker-or-sports-betting-12134

http://www.scpr.org/programs/airtalk/2012/05/15/26489/california-online-gambling/ ;

http://www.pe.com/local-news/politics/politics-headlines-index/20120712-survey-voters-receptive-to-sports-betting-split-on-online-poker.ece

 

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Liquidity An Issue For States Wanting to Offer Online Poker, PokerUpdate

Liquidity An Issue For States Wanting to Offer Online Poker, PokerUpdate | Poker & eGaming News | Scoop.it

Nevada is in the forefront of the intrastate online poker race with the most recent timetable of having poker sites up and running tentatively set for early 2013. The whole poker industry will certainly be watching to see how successful the first state will be in offering poker to only residents and tourists within the state. With a population of about 2.7 million, the Silver State ranks 35th out of the 50 states.

 

Nevada has expressed an interest to partner up with its neighbor, California, in an interstate format that would boost player liquidity for the Silver State in a huge way. California is the most populous state with roughly 37 million residents that, prior to Black Friday, was responsible for about 60% of online poker players from the U.S., approximately 2 million players.

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