California’s online poker stakeholders are holding their breath ahead of the state’s latest legislative hearing on Wednesday.
The state Assembly’s Governmental Organization Committee will convene on Wednesday at 1:30pm PST to consider the merits of approving Assemblyman Adam Gray’s AB 2863 online poker bill, the latest attempt to harmonize the competing concerns of tribal gaming operators, racetracks and online gambling technology providers.
There have been two recent developments regarding AB 2863; one of which is positive, while your opinion of the other depends on where you stand on the great ‘bad actor’ divide and/or whether you work for Amaya Gaming’s PokerStars brand.
In the first development, California’s horseracing interests have officially pledged to support AB 2863, subject to a few conditions. Chief among these conditions is ensuring racing receives the $60m annual kickback Gray added to his legislation in January in exchange for the tracks foregoing the right to operate their own online poker sites.