Amendments To California Online Poker Bill Include New Bad Actor Date | PokerNews
PokerNews has obtained a replica of the amendments that the California Assembly Appropriations Committee is predicted to make to online poker legislation before calling the bill to a vote Wednesday.
The biggest change within the proposed amendments is that the date for what's considered a nasty actor can be rolled back to any company that accepted wagers within the U.S. after Dec. 31, 2006. Such companies have a decision of penalties, either to not get a license until Jan. 1, 2021 or to pay a one-time fee of $20 million on top of the regular licensing fee so that you can take part in the market immediately.
A source told PokerNews that the change was not enough to get the Pechanga coalition to drop its opposition of the bill, but that Appropriations chair Lorena Gonzalez and bill author Adam Gray plan to aim to pass the legislation in the course of the committee anyway. Last week the opposition from that seven-tribe coalition was enough to chase away a planned vote.
Jeff Grubbe, chairman of coalition member Agua Caliente, already publicly rejected the $20 million proposal last week during his comments on the hearing, saying that $20 million wasn't enough and that PokerStars, the objective of the bad actor clause, would happily pay it.
Wednesday's Appropriations session begins at 9 a.m. with online poker first at the docket. If public comments are allowed again, things could get hostile. A live stream of the proceedings need to be viewable here.
The proposed amendments seem to be a mixture of what Gray planned to bring into last week's session at the side of changes Gonzalez mentioned desirous to make on the time. Gonzalez said that the vote could be pushed back per week or two while discussions on amendments and negotiations with stakeholders continued. There doesn't seem to have been any compromise or breakthrough made prior to now week to signify why the committee is able to move the bill now but couldn't every week ago.
Horse racing is creating a compromise requested by Gonzalez to permit the state to take the primary 10 percent of fees and taxes before the racing industry gets its subsidy. PokerStars and its tribal and card room partners are creating a compromise by continuing to support the bill despite it setting them up for a $20 million penalty.
All licensed parties also are getting a tax break in that 1/2 the one-time $12.5 million licensing fee will function a tax credit, that is another horse racing compromise because it would lower the state revenue used to fund the industry's subsidy, though a few of that may be made up by the $20 million penalty to PokerStars.
All of the stakeholders seem to be making compromises on the request of Gray and Gonzalez except one group. Grubbe defended the coalition last week, saying they weren't being obstructionists.
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