Ca lawmakers will mull several state bills that could affect both land and online gambling efforts this present year (Image: Michael Macor, The Chronicle)
A new California gambling bill approved last week by the State Senate could up taxes and review regulatory procedures on the Golden State’s ever-expanding gaming industry. Introduced by Sen. Leland Yee (D-San Francisco), SB 601 goes under the microscope of the gaming policy advisory committee comprised of both industry executives and members of the public, using the goal of determining whether or not the current regulatory structures that are in place are aiding or abetting California’s current and future outlook that is economic.
Additionally, the panel will review the effect of the state’s numerous card groups on both state and tax that is local, also as on costs to both. Yee stated he’s exploring the possibility that more non-Indian gaming outfits may help boost California’s ever-struggling coffers to become fuller.
‘Despite the good news we’ve seen in budget projections, I believe it’s always worth looking at new revenue sources for our state,’ noted Yee. Once the committee review is complete, the bill that is new proceed towards the state Assembly for further assessment.
Of course, as Newton so sensibly noted, for each and every action there’s a similar and equal response, and nowhere does that hold truer than worldwide of gambling legislContinue reading