California lawmakers will mull several state bills that could affect both land and online gambling efforts this season (Image: Michael Macor, The Chronicle)
A brand new California gambling bill approved week that is last 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 will go under the microscope of a gaming policy advisory committee comprised of both industry executives and members of the general public, aided by the goal of determining perhaps the existing regulatory structures that are in place are aiding or abetting California’s current and future outlook that is economic.
Furthermore, the panel will review the impact of their state’s numerous card groups on both state and tax that is local, also as on fees to both. Yee stated he is exploring the chance that more gaming that is non-Indian could help improve California’s ever-struggling coffers to be fuller.
‘Despite the good news we’ve seen in budget projections, I think it certainly is worth considering new revenue sources for our state,’ noted Yee. Once the committee review is complete, the new bill will move ahead to the state Assembly for further assessment.
Of course, as Newton so sensibly noted, for every action there is a similar and equal response, and nowhere does that hold truer than worldwide of gamblin (more…)