- Joined
- Jan 14, 2008
- Messages
- 63,474
California Senator Lou Correa has urged state politicians to pass his SB40 online poker-only bill into law by the end of this year, before “dangerous” federal proposals render it redundant, “strip it of potential jobs” and “ship” its revenue to Nevada.
Speaking yesterday before a Senate Committee on governmental organisation, which also featured separate testimonies from Sciplay CEO Rick Weil and former state finance director Tim Gage on consumer protection and revenue potential respectively, the Democratic Senator stressed the passage of the bill would allow California to generate US$250m this fiscal year [and] help “avoid the triggers that will result in deeper cuts to education and other public services.”
Correa also called upon Jim Wise, a federal advocate and congressional expert, who told the committee he believed the possibility of federal regulation was “Quite high, due to attractive potential revenues and minimal political opposition.”
Wise warned that the Nevada bill would position the state as the “national gatekeeper for national legislation,” acknowledging the potential for progress on a federal level to play into the hands of the Silver State, as well asthe District of Columbia – where intrastate egaming legislation was passed in April.
SOURCE
Speaking yesterday before a Senate Committee on governmental organisation, which also featured separate testimonies from Sciplay CEO Rick Weil and former state finance director Tim Gage on consumer protection and revenue potential respectively, the Democratic Senator stressed the passage of the bill would allow California to generate US$250m this fiscal year [and] help “avoid the triggers that will result in deeper cuts to education and other public services.”
Correa also called upon Jim Wise, a federal advocate and congressional expert, who told the committee he believed the possibility of federal regulation was “Quite high, due to attractive potential revenues and minimal political opposition.”
Wise warned that the Nevada bill would position the state as the “national gatekeeper for national legislation,” acknowledging the potential for progress on a federal level to play into the hands of the Silver State, as well asthe District of Columbia – where intrastate egaming legislation was passed in April.
SOURCE