Posts Tagged: poker

News

Daily fantasy sports: skill or luck?

An illustration of an online dashboard for a participant in daily fantasy sports, which is growing in popularity.(Illustration: Tim Foster, Capitol Weekly)

Daily fantasy sports: What started as a seasonal pastime in offices around America has morphed into a daily, multibillion-dollar business, fueled by national TV advertising and the internet. Unlike the traditional office pool, DFS offers same-day cash rewards to winners – a big incentive. And, in California as in most states, it’s not gambling.

News

Internet poker stymied in Capitol

Internet gambling, an illustration. (Photo: Pedro Sala)

Legalizing internet poker in California – a fruitless effort that has spanned seven years, a dozen major bills and hundreds of hours of tense talks – was headed for defeat in the Capitol, following opposition from a key Senate committee leader. Casino-owning tribes, card clubs and the horse racing industry were unable to agree on a formula that would allow them to share in the online gaming market, potentially worth hundreds of millions of dollars.

News

Online poker bill emerges from committee — a first

Internet gambling, an illustration. (Photo: Pedro Sala)

The Legislature made history of sorts Monday when it recorded its first-ever committee vote on a bill to legalize internet poker in California, but the measure is light on details and remains a focus of intense negotiations. Assemblyman Adam Gray, D-Merced, introduced the bill, AB 431, earlier this year.

News

California players gathering, again, for internet poker

An online gambler concentrates on his game in Nevada, which recently authorized internet gaming and may license fantasy sports companies.(Photo: Associated Press)

Rival interests are rolling the dice to legalize California’s internet gaming market, the most lucrative in the nation. At stake in the Capitol negotiations is a prize worth hundreds of millions of dollars — and maybe more. It’s not the first time. Efforts to legalize internet poker in California – where the revenue may top $1 billion annually over a decade — have failed repeatedly in the past.

News

New push for online gaming

An illustration of an online poker player. (Photo: photosani)

Three months after attempts to reach an agreement to establish internet poker in California fell apart, a major California gaming tribe says it has joined a coalition to push for new legislation to bring online gambling to the state.

News

As clock ticks, online poker folds

A computer keyboard flanked by the elements of traditional poker. (Photo: Pedro Sala)

An attempt to establish internet poker in California foundered this week in Sacramento, with rival interests – including tribes, horse racing, card rooms and others – unable to reach agreement on legislation during the final weeks of the legislative session.

News

Online poker pact reached — but lobby fight looms

An illustration of an online poker player. (Photo: photosani)

Thirteen of California’s casino-owning tribes have agreed on a plan to legalize internet poker in California, a move that could tap an estimated $845 million market and create the nation’s largest online poker system. One major tribe, the Banning-based Morongo Band of Mission Indians, was not a party to the agreement.

Opinion

Online poker allows regulatory clout, safeguards

OPINION: The California legislature seems closer to licensing and regulating online poker. Now, only a few, yet significant, outstanding issues stand in the way as California poker players wait patiently on the sidelines for state lawmakers to act.

News

Study: Stakes high for internet poker

A computer keyboard flanked by the elements of traditional poker. (Photo: Pedro Sala)

As negotiations intensify over establishing internet poker in California, a study commissioned by several casino-owning tribes says online gaming could result in $845 million in revenue and more than 2,600 new jobs by 2020. The figures stem in part from an analysis of legislation that was considered – and rejected — by lawmakers last year. Similar legislation is the focus of negotiations this year, but so far an agreement has proven elusive.

News

Key piece of online poker parley gets airing

A critical sticking point in private negotiations over authorizing internet poker in California became public Thursday when a tribal chairman announced his intention to bring in an international online gaming firm as a subcontractor to conduct operations in California – but only if the state approves the new legislation.

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