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||Report: Dan Bilzerian's Money Is Dirty|
|2||Ivey Says He Was Drunk During Borgata Sessions|
|3||John Juanda Wins 2015 EPT Barcelona Main Event|
|4||Online Poker: Viktor Blom Has $2.5M Week|
|5||Las Vegas Casino Re-Opens Poker Room|
|6||Mina Greco: 'Never Lose Focus At Poker Table'|
|7||Crazy Gambling Stories From August|
|8||Card Player Cruises: Exotic Ports, Great Poker Action|
|9||Illinois Lottery Winners Getting Paid With IOUs|
|10||Finger Wins 2015 EPT Barcelona €25k High Roller|
|1||A Look At The 2015 WSOP ESPN Television Schedule|
|2||Report: Dan Bilzerian's Money Is Dirty|
|3||Online Poker Legend Chad Batista Passes Away|
|4||Cates: Lost $5 Million Playing Poker In Manila|
|5||Ivey Says He Was Drunk During Borgata Sessions|
|6||Former ER Nurse Transitions To Full-Time Poker Player|
|7||Vanessa Rousso Still Competing On Big Brother 17|
|8||Borgata Responds To Poker Pro's Countersuit|
|9||Jason Mercier Wins 2015 SHRPO $25k High Roller|
|10||Kroon: Ruling Puts Poker 'In The Backroom Again'|