Stockton California this week became the largest city in the history of the United States to declare bankruptcy. But if online poker had been adopted in California, could this have been prevented? With state debts piling up nationwide, the regulatory and licensing fees alone could provide a much-needed shot in the arm for states struggling to finance their governments. And with millions of Americans already participating in online gambling every day, why not allow that money to stay here at home and benefit us in our own backyards?
Texas Hold ‘Em is probably the hottest poker game online or off right now. The game is played in stages, and after each of the players initially receives two cards face down, a round of betting ensues. This is called the “pre-flop” stage. After that initial betting round is concluded, the remaining players get to see three cards turned face up on the “flop.” The players see another round of betting, and then a fourth card is turned face up on “the turn” or “fourth street.” If any players remain, they go through yet another wave of betting before seeing “the river” or “fifth street.” Final posturing and betting by all the remaining players eventually leads to a champion, who takes them pot.
Americans love winners. Need proof? Ask anybody who won last year’s Super Bowl, and even the casual sports fan will tell you the New York Giants. But even though last year’s game broke the record for total number of US viewers, with over 111 million Americans watching game, which makes it the most viewed television broadcast of any kind in American history, most people forget who came in second. Can’t remember? The New England Patriots came in second place in what is regarded as one of the most important sporting contests held annually, and by next year’s game, no one will remember them.
New Jersey legislators on Monday, June 18 approved an Internet gaming bill by a vote of 6 – 0 – 3. That is important for several reasons, but mostly because the statehouse goes dark as soon as the state budget is resolved, with the earliest possible date being June 30. The specifics of the bill dictate that Atlantic City casinos could become hosts of online poker play, and every step forward is one step closer to New Jersey becoming only the second state to ratify legislation allowing legalized Internet gaming for their residents and visitors.
Wynn Resorts Limited is a gambling mainstay in Las Vegas, and one of Nevada’s largest casino operators. Recently, the Nevada Gaming Control Board (NGCB) received an application submitted by Wynn Resorts asking for approval to purchase one of the first online gaming licenses to be offered by that state. Nevada was the first state to pass legislation allowing online poker play for pay for its residents and visitors, something that was legally impossible until the United States Department of Justice reversed their opinion regarding the legality of online gaming in the United States late last year.
As reported here last month, the House Gaming and Parimutuels Committee in Delaware voted on May 17 to pass a proposed online gaming bill forward to the House of Representatives in that state. Approval by the Delaware Gaming Authority doesn’t mean automatic acceptance of the bill by the House, but it is an important first step nonetheless. After the bill sponsors got together and made two amendments to House Bill #333, the resulting piece of legislation was evidently satisfactory to ensure passage, as the vote was a resounding 29 to 8 in favor.
You may recall last week we reported that Bally Technologies had been unanimously approved by all members of the Nevada Gaming Control Board (NGCB) to receive the first ever interactive gaming supplier license in that state. Ever since Nevada passed legalized online poker legislation for its residents and visitors earlier this year, companies have been in a mad rush to court the NGCB, in the hopes of becoming the first to secure an online poker gaming license in that state. The US Department of Justice (DOJ) in December of last year reversed their years-old opinion on the legality of online gambling in the United States, and now allows each individual state to decide its online gambling future.
Senate Bill 1463. That doesn’t seem like a very daunting or imposing title for a bill that could change the economic climate in California virtually overnight. But it most certainly has the opportunity to do just that. The California Senate is the next stop for the online gambling bill that would make California the second state to allow online gaming for money since the United States Department of Justice (DOJ) passed regulating online gaming to the state level. The Senate’s Policy Committee will certainly grapple over security issues as well as regulatory requirements and other concerns before making their decision, but legalized online poker play could be getting closer for California residents and tourists.
In late May, the state of Delaware moved forward with legislation that would hopefully legalize online gambling and poker play in that state. Currently Nevada is the only state to ratify legalized online poker since the US Department of Justice reversed their ruling last December. The current proposed legislation for Delaware is just the most recent filing made by states like Illinois, New Jersey, California and Iowa who are racing to join Nevada in cashing in on what is undisputedly going to be a multibillion dollar market here in the US.
With over a dozen states in the U.S. now aggressively seeking passing legislation that would allow their residents to gamble legally online, the list of individuals and companies lining up to cash in grows larger every day. And it is probably no surprise that the big names in the brick-and-mortar casino business are climbing on board, trying to position themselves in front of what they hope is guaranteed online gambling legislation passage sooner than later. But some of the proposed partnerships may just catch you by surprise, and one such proposal matches a real world casino giant with its equally as formidable online social gaming leader.