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This Week in Gambling - News
This Week in Gambling - News
News for Online Gambling, Land Based Casinos, and Social Gaming
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Bally Technologies Gets First Ever U.S. Web Poker License

Bally Technologies Gets First Ever U.S. Web Poker License | This Week in Gambling - News | Scoop.it

On Thursday afternoon in Las Vegas, the Nevada Gaming Commission granted final approval on an application that allows Bally Technologies, Inc. to offer real-money online poker. The license is the first of its kind in U.S. gaming history.


Bally, a business-to-business provider, will manufacture, run and maintain online gaming systems on behalf of Nevada casinos.


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California Revises Online Poker Bill; Bally Gets Nevada Nod

California Revises Online Poker Bill; Bally Gets Nevada Nod | This Week in Gambling - News | Scoop.it

A California Senate committee will meet Tuesday (12) to discuss Sen. Rod Wright’s amended SB1463 online poker bill (read it here). Wright’s new draft attempts to placate the very vocal opposition expressed by the state’s Indian tribes to Wright’s previous effort. For starters, the bill is now poker-only: the provision to add slots and table games to the mix after two years is toast. Also removed is the requirement for the tribes to waive their sovereignty in order to have their online poker license application considered. Tribes now merely have to waive their immunity during the application process, a hedge that not all tribes are expected to welcome. The continued presence of racetracks and advance deposit wagering sites on the list of eligible licensees will also not sit well with most tribes.


Other changes include a halving of the license duration from 10 years to five. The $30m application deposit remains, but the term during which this amount will be credited against fees owed to the state has increased from three years to five. (Once this deposit is exhausted, the licensee will begin making monthly payments of 10% of gross gaming revenues.) Also intact is the $1m-$5m fee to allow oneself to be poked and prodded for suitability by California regulators (although anything left over after they’ve removed the flashlight from your back passage will be refunded). The state reserves the right to change the fee structure after five years (up from three).


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