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||Negreanu At WSOP National Championship FT|
|2||Pit Boss: Whale Shenanigans At All-Time High|
|3||Gambler Sues Casino Over Roulette Ball Injury|
|4||Harwood Wins 2015 WSOP National Championship|
|5||Jason Les: 'Future Is Pretty Strong For Poker Bots'|
|6||Casino To Pay Poker Dealers $100K In Settlement|
|7||Watch Super High Roller Celebrity Shootout Tonight|
|8||5 Crazy Hands From Super High Roller Cash Game|
|9||Online Poker: Viktor Blom Has $350,000 July|
|10||Matt Matros: Who Gets To Play?|
|1||Negreanu Busts Hellmuth Deep In WSOP Main Event|
|2||November Nine Set In 2015 WSOP Main Event|
|3||Negreanu Finishes 11th In WSOP Main Event|
|4||2015 WSOP Main Event: Negreanu Headlines Last 27|
|5||Hellmuth, Ivey Battle At Crazy Day 1 Table|
|6||Money Bubble Looms at 2015 WSOP Main Event|
|7||Neuville Leads 2015 WSOP Main Event After Day 5|
|8||Kelly Minkin: Last Woman In WSOP Main Event|
|9||Main Event: Nearly 1K Players Eliminated On Day 2AB|
|10||Phil Ivey Countersues Borgata Over Disputed $9.6M|