California cardrooms are pushing back against proposed rule changes that would put a crimp in their lucrative ‘player-banked’ games.
This week, the California Bureau of Gambling Control (BGC) released draft regulations that would require cardrooms to modify how they conduct so-called ‘player-banked’ games, in which the role of the house is served by a designated ‘third-party proposition player’ who collects losses and pays out winnings to the other players.
Under the current system, players at a gaming table are supposed to rotate the player-dealer position every 60 minutes. However, this can be avoided if the other players decline the opportunity and the table suspends activity for two minutes.
Under the proposed changes, all players would be required to take on the banking role, which would switch every two rounds. Any player who refuses the banking role would have to leave the table and the game must stop altogether if no player is willing to assume the position.