California Delays Gambling Bill
30 June 2010
State Senator Roderick Wright, Chairman of the Governmental Organization Committee, delayed a vote by his committee on his bill that will create a license and regulatory system for online gambling within the state of California. Instead of a vote on the bill, he decided to tell the committee about the progress of the bill and why California needs a bill to license and regulate online gambling. He stated that the bill needs more work.
The work is required because people who were thought to be supporters of the bill, among which are the Morongo Band of Mission Indians and some of the California card rooms, which had been pushing for a bill to regulate online gambling, have come out against it in its current form. They want the new online licenses to go to businesses that already offer poker in California, while the current bill offers an open competition for the three internet gambling licenses.
State Sen. Leland Yee stated: “It’s clear to me that I don’t think we’re in the place where we know all the possible insights and permutations….A model that I would be supportive of would entail players and entities that we have dealt with in the past. Given the fact that we’re moving in this new arena, it requires some background and understanding who they are and what they’re about and their honesty. We can’t afford missteps.”
Sen. Wright stated: “If it fits for a group, it may or may not fit for another….The world isn’t standing still while we figure out what to do….The longer we wait, the more difficult it will be to get that business back.”.
14 May 2010Canadian Man Pleads Guilty in U.S. Online Gambling Charge
Douglas Rennick, a Canadian man, has pleaded guilty to a count of processing offshore bets of U.S. citizens. Originally Rennick was looking at a charge of conspiracy and bank fraud. He had allegedly laundered $350 million dollars for overseas internet gambling companies. Rennick was indicted in August and on Tuesday entered a guilty plea to the one charge in New York Federal court. Part of the plea was forfeiting $17.1 million and a possible prison term of 6-12 months.Read full article
02 June 2010France to Award 30 Licenses for Online Gambling
Today the government of France approved a new online gambling bill. The bill passed the French parliament by a narrow 299-233 vote. The French will grant only 30 licenses to operate online casinos and poker rooms within its borders. Though it is now official and France says that licenses will be granted in time for the 2010 World Cup, not everyone is excited about the French market.Read full article
09 June 2010France Issues 11 Licenses For Online Gambling
France acknowledged that 11 companies have been granted license and have been registered to conduct online sports and horse race betting as well as online poker within France. According to Arjel president Jean-Francois Vilotte, the regulator of gaming in France, “There were 35 requests for licenses and we have retained 17 at this stage. None have been formally rejected.Read full article