California Gaming Regulator: Nevada Online Poker Industry 'Heavily Dependent on Prayer'
Unimpressed by Potential Size of the Silver State Player Pool
One of California’s top gaming regulators said Friday that the success of Nevada’s upcoming intrastate online poker industry is “heavily dependent on prayer.”
Nevada has just 2.5 million residents and about 4 million visitors per month. The regulations would let tourists play.
California Gambling Control Commissioner Richard Schuetz was skeptical of the Silver State’s model during his introductory remarks at Friday’s Internet Gaming Symposium at the University of Nevada Las Vegas. The day-long conference covered a wide range of regulatory topics.
Nevada regulators are moving toward overseeing the nation’s first intrastate web poker industry. The activity isn’t explicitly legal anywhere else in the country. Control Board Chairman Mark Lipparelli said last week that it will take seven to 10 months before a site is operational.
California lawmakers are still dug in trying to pass a bill — meeting fierce resistance from some tribal groups.
With 37.7 million people, Schuetz said, “If you understand liquidity, that is huge. We are the sleeping giant.”
“Whether or not we can work that into a viable law remains to be seen,” Schuetz admitted.
As part of a panel on licensing procedures, gaming attorney Mike Alonso said that some foreign Internet gaming companies are “weighing their options” on coming to Nevada. Alonso said that they might be wondering if California is a “better bet.”
However, 888 Holdings plc and Bwin.party Digital Entertainment — both based overseas — are seeking approval during the first wave of Nevada licenses. Bwin.party has also attached itself to a California tribe, just in case.
A source close to the California bill told Card Player in April that the state doesn’t plan on partnering with Nevada. A Department of Justice opinion in December 2011 opened the door for states to consider online gaming, but hasn’t resolved the legality of state-to-state compacts.
According to Schuetz, California has historically represented 39 percent of the U.S. Internet poker market — which was previously controlled by offshore sites. In April 2011, in an event known widely as Black Friday, the federal government booted PokerStars, Full Tilt Poker and Absolute Poker from American cyberspace.
Follow Brian Pempus on Twitter — @brianpempus
|1||Dwan Records First Tournament Score In Three Years|
|2||FBI Wiretapped Poker Player At Trump Tower|
|3||Podcast Negreanu: All-Time Earnings Leader Opens Up|
|4||Aria High Roller Recap: Seiver and Rast Win|
|5||Rounders Writer Fed Up With Talking About Sequel|
|6||New York Tribe To Stop $110M Payments|
|7||Poker Strategy: Don't Be A Pushover|
|8||CPPT Back At The Venetian® For DeepStack Extravaganza® III|
|9||Poker Player Turned Politician Banned From Russia|
|10||Win Your ACR Sunday Special Buy-In For Free|
|1||Polk Says Dwan Could Be Involved WIth Another 'Scam'|
|2||Dwan Records First Tournament Score In Three Years|
|3||FBI Wiretapped Poker Player At Trump Tower|
|4||Dan Bilzerian Claims That 'Women Can't Play Poker'|
|5||UK Supreme Court To Hear Ivey's Gambling Case|
|6||Production Wraps Up For Aaron Sorkin's Poker Movie|
|7||Podcast Negreanu: All-Time Earnings Leader Opens Up|
|8||Sexton: Spent Years Betting 'Way More Than I Had'|
|9||Poker Strategy: Two Gambling Fallacies|
|10||Daniel Strelitz Wins 2017 WPT LAPC Main Event|