California Mulls Latest Online Poker Bill, with Plenty of Ifs, Ands, or Buts

California Mulls Latest Online Poker Bill, with Plenty of Ifs, Ands, or Buts

The California online poker legislative push is back from the dead, and so is State Assemblyman Reggie Jones-Saywer (D-59th District) and his bill. Jones-Sawyer’s attempts to unite warring factions in the state’s gaming industry died in 2014 and 2015, along with his poker bills of those same years, but give the man credit: he doesn’t give up easily.

California State Assemblyman Reggie-Jones Sawyer returns with a new online poker bill, but will he succeed where others, including himself, have failed? Don’t hold your breath.

Undeterred, Jones-Sawyer has presented a new bill, AB 1677, aka the Internet Poker Consumer Protection Act, which offers little that’s new, although it does provide a platform to at least reignite the debate.

At the heart of that debate will be the question of suitability. Because online poker will see operators taxed, a bill to regulate it would need two-thirds majority vote to pass in the legislature. This is impossible unless all future stakeholders, mainly tribal casinos with political capital and lobbyists, are in agreement.

More of the Same

But blocking that outcome are two diametrically opposed groups of tribal operators, who are determined not to agree on the suitability question.

In one corner, the group that has loosely become known as the Morongo Coalition wants PokerStars to be included in a future market, because it has a commercial deal with the internet giant. In opposi Leer más

Raiders Were ‘Picking Adelson’s Pocket’ Through Stadium Deal, Says Spokesman

Raiders Were ‘Picking Adelson’s Pocket’ Through Stadium Deal, Says Spokesman

Sheldon Adelson withdrew a $650 million dedication to help develop a arena in Las Vegas for the Oakland Raiders after becoming frustrated aided by the team’s overreaching demands and mixed signals towards him during negotiations.

Mark Davis and Sheldon Adelson, pictured here in happier times, are no longer working together on the $1.9 billion ‘Las Vegas Raiders’ stadium project. Adelson spokesman Andy Abboud had some words that are harsh the Raiders this week.

This is in accordance with Andy Abboud, vice president of government relations and community affairs for LVS.

Abboud told the Las vegas, nevada Review-Journal, a newspaper owned by his employer, Adelson, that the final straw arrived once the Raiders took a proposed arena lease contract to the vegas Stadium authority without informing the Adelsons.

No mention was made by the lease associated with Adelsons being a partner, a turn of events Abboud describes as ‘stunning.’

‘I’m still racking your brains on what the hell they certainly were thinking,’ Abboud stated. ‘Had they told anybody in advance they were likely to dump that document, even when they had told us, ‘we do not want you in the offer anymore,’ should they had shown anyone that’s been involved with this procedure at all that document, we could have said, ‘What in the hell are you thinking?»

Commitment Dilemmas

Four days after the meeting with the authority, on January 30th, Adels Leer más

FantasyDraft Bails Out Fantasy Aces, Will Pay Player Balances

FantasyDraft Bails Out Fantasy Aces, Will Pay Player Balances

FantasyDraft will rescue the customer balances of the stricken and Fantasy that is bankrupt Aces, its CEO announced on Monday on the RotoGrinders DFS forum.

FantasyDraft CEO Steve Krombolz stated his company is stepping in so that they can save the ‘lifeblood of the industry.’ The majority that is vast of Aces clients will be paid in cash, while bigger balances are going to be topped up with FantasyCash.

FantasyDraft was on the verge of acquiring the website last month before it pulled out of the deal citing ‘issues identified during our due diligence.’ It in fact was a move that quickly propelled Fantasy Aces towards chapter 5 bankruptcy.

Bankruptcy filings quickly revealed the truth that is messy Fantasy Aces’ situation: the business had unsuccessful to segregate player funds from the operational costs and owed its customers $1.3 million.

An account placed in the filings as ‘Players Account’ included just $2,419. Although the business listed assets of $1.8 million, that may be liquidated to pay creditors, in addition said it had liabilities of $2.96 million.

In brief, Fantasy Aces could not pay its customers.

99.6 Percent to Receive Cash

‘As members of the DFS community committed to doing things in the correct manner, we feel that individuals should do our part to safeguard the lifeblood of this industry, you, the players,’ wrote Steve Krombolz, CEO and Co-Founder of FantasyDraft.

‘So, we have determined gettin Leer más

Third Connecticut Casino Announcement Has All Ears Piqued in Northeast

Third Connecticut Casino Announcement Has All Ears Piqued in Northeast

A planned Connecticut casino will reveal its targeted location for construction in the coming days, and the impending announcement has the ears of all vested gaming interests operating in the northeast.

MGM Springfield in Massachusetts is causing quite a stir, as another Connecticut casino is in the works to offset the impact of the megaresort.

The Mashantucket Pequot and Mohegan Native American tribes are working together to bring the Constitution State a third casino venue. The joint venture is in response to MGM Springfield, the $950 million resort currently under construction in southern Massachusetts.

State lawmakers permitted the two tribal groups to build a third casino off their sovereign lands in order to keep gambling revenue in the state and protect jobs.

The Mashantucket and Mohegan people are considering building in the northern part of the state in the towns of Windsor Locks or East Windsor. That would place the Connecticut casino just 15 miles from MGM Springfield.

With MGM, state lawmakers, and residents anxiously waiting, the tribes say the official announcement of the casino will be revealed in the coming days. ‘We’re days, not weeks or months . . . from announcing a decision,’ Mohegan Chairman Kevin Brown said this week.

MGM States the Obvious

Once the Native American coalition pinpoints its gaming location, the state legislature will need to sign off on the construction. The facility is expe Leer más