April 22, 2013
@OPReport's Online Poker Bulletin
From OnlinePokerReport.com for the week of April 22nd
STORIES TO WATCH THIS WEEK
#1. Pennsylvania representative Tina Davis (finally) introduced a bill to regulate online gambling late last week. Expect more specifics to emerge this week; early word is that the license fee is $5m and the tax rate is 28%.
#2. Illinois members of the PPA just received a survey concerning PokerStars, leading one industry observer to speculate that Stars is considering buying their way into Illinois’ online gambling market. PokerStars wouldn’t need to take over a full casino to get in; electronic gaming license holders and advance deposit wagering license holders are also eligible to apply under proposed online gambling regulation in Illinois.
#3. Caesars is reportedly considering a sale of NJ property Showboat - and the eligibility to apply for a New Jersey online gambling license that goes with it. It will be interesting to follow the story (and reaction from the markets) in the coming days. Will Caesars get a premium for the online component? And, if so, will that spark the sale of more New Jersey land-based properties?
+ THE WEEK THAT WAS
- Marco Valerio returned to QuadJacks.
- Ray Bitar completed his plea and avoided additional jail time.
- PokerStars completed their New Jersey license application.
- bwin.party announced plans to shut off new signups from 18 countries.
- An amendment to MA’s budget bill that seeks to regulate online poker was filed.
I took a look at the state of online gambling regulation across the United States. And Mark & I got our first episode of The Rabbit Hunt in the books. Finally, I joined Rich Muny for a panel discussion on PokerAdvocacy.
@Follow - @CAGamingLawyer had some great Twitter coverage of the Tribal Internet Gambling legal conference in Scottsdale, Arizona last week that’s worth reviewing.