Weekly Poker News In Brief: Gaming Legislation Developments in California, Nevada, and MassachusettsA Look at the Major Poker Headlines From the Week |
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Not everyone has the time to stay on top of all of the news that breaks daily in the poker world, but that doesn’t mean you have to be out of the loop entirely. Every week, Card Player will bring you everything you need to know to stay informed about your favorite events, players and industry happenings.
Here’s a look at this week’s poker news.
Nevada Gaming Officials Issue Regulatory Proposals for Online Poker
On Wednesday, the Nevada Gaming Control Board released proposed regulations for Internet poker which would be become active upon the passage of federal legislation.
The five separate regulatory drafts provide information on the requirements for licensing, book-keeping, technology, and customer enrollment. In addition, the recommendations create a system of oversight and punitive measures for violations.
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Atlantic City Gambling Revenue Continues To Plummet
Macau’s gambling revenue is climbing and Las Vegas is more or less holding steady, but Atlantic City continues to see their numbers fall at a staggering rate. Revenue dropped to $340 million in July, roughly a 6.5 percent decrease when compared to July numbers in 2010.
The 11 Atlantic City casinos have been hit hard this calendar year, losing 6.9 percent in gambling revenue overall. The biggest culprit seems to be the increased gaming options in nearby states such as Pennsylvania, Delaware and New York.
Massachusetts Lawmakers Push for Casinos
Lawmakers in the state of Massachusetts filed a gaming bill on Tuesday that would allow three casinos and a slot parlor, amidst burgeoning discussions of legalizing gambling, according to the Boston Herald.
Per the measures in the bill, casino developers would be required to make a capital investment of at least $500 million and pay a licensing fee of at least $85 million. A slot license would require $125 million and $25 million, respectively.
Efforts Stall for Internet Poker in California
After strong arguments for and against two pieces of intrastate online poker legislation in California, Senate President Pro Tem Darrell Steinberg (D-Sacramento) pronounced the efforts dead for 2011, according to the Oakland Tribune.
State Sen. Lou Correa (D-Santa Ana) had said his Senate Bill 40 would create 1,300 jobs and $1.4 billion in revenue over the next decade. Despite the potential benefits, some gaming tribes were not in support of the measure, arguing the legislation’s $50 million license fee would create an unfair advantage. The bill was never acted upon in committee.
Bellagio Robber Sentenced to 3-11 Years in Prison
Anthony Carleo, known as the “Bellagio Bandit,” was sentenced on Tuesday to 3 to 11 years for stealing about $1.5 million in gambling chips from the Bellagio in December, according to the Las Vegas Review-Journal.
Carleo, 30, pleaded guilty in June to armed robbery and assault with a deadly weapon as part of a deal with prosecutors, which also saw eight other felony charges dropped. Carleo committed the crime holding a gun and wearing a helmet before later fleeing on a motorcycle.
Management Overhaul Likely to Follow FTP Takeover
According to eGaming Review Magazine, any takeover of Full Tilt Poker would likely require a change of management as well as one of ownership, a lawyer representing the company said.
Discussions are still ongoing between Full Tilt and a number of potential unknown bidders as the company looks to secure an investment before the resumption of its hearing with the Alderney Gambling Control Commission (AGCC) scheduled to take place by 15 September.
Phil Hellmuth Talks About iGaming in Nation’s Capital
In an article on WashingtonPost.com, 11-time World Series of Poker winner Phil Hellmuth spoke about the idea of Internet poker in the District of Columbia.
“I still think that people are looking for a place to play poker and it wouldn’t be surprising if you had a lot more players than you think start playing,” he said. “It’s a nice test, sure, but I think there’s so few people [in D.C.], 600,000, that you might not achieve critical mass for players on the site under those conditions.”
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