Porn Mogul Loses California Casino Gambling FightLarry Flynt Unsuccessfully Challenges Ownership Rule |
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Casino owner and porn magnate Larry Flynt was just dealt a losing hand in California.
According to Courthouse News Service, a federal judge late last month dismissed with prejudice his lawsuit against state gaming law that limits ownership in the gambling sector.
The law, the decades-old Gambling Registration Act, was intended to combat organized crime in the industry, but Flynt’s legal team said that the rule is outdated and kept him from lucrative casino projects in the past. He was seeking to have the law declared unconstitutional.
According to the report, a 2002 California-funded survey recommended allowing publicly traded companies to get involved with the state’s poker industry.
The rule prevents residents with a California gaming license from investing in out-of-state gambling joints. Furthermore, it prohibits out-of-state residents with gambling interests elsewhere from obtaining a California cardroom license.
California cardrooms have limited gambling, while the state’s tribal gaming industry, which is regulated by the federal government, operates Las Vegas-style casinos.
Flynt owns the Hustler Casino and Larry Flynt’s Luck Lady Casino. In addition to seeking to change California gaming law, Flynt is pushing for the impeachment of President Donald Trump. He recently offered up to $10 million for information leading to Trump’s downfall.
California has nearly 90 licensed card rooms. The complexity of the state’s gambling market has made passing online poker legislation extremely difficult over the past 10 years.
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