Category Archives: New York

New York Online Poker Progress

MGM Resorts Comes Out In Support Of New York Online Poker Progress

New York Online Poker Progress

Nevada-based casino giant MGM Resorts appears optimistic about the chances of New York passing online poker legislation in the near future. A bill on the table in the Empire State advanced out of a Senate committee this week and awaits a possible full Senate vote.

“This legislation recognizes that millions of New Yorkers play online poker on unregulated and unprotected off-shore poker websites that operate with no oversight, fraud controls, or age restrictions,” MGM General Counsel John McManus said in a statement Thursday.

“We applaud the Senate Finance Committee’s vote to create a safe, legal environment for online poker through legislation that will generate tens of millions of dollars in revenue for taxpayers, and create open and fair opportunities for all providers of online poker.”

MGM cited a poll that showed that more than 70 percent of New York residents “agree that safe, regulated online poker should be legal.”

McManus was recently seen at a Congressional hearing on daily fantasy sports, which did touch on the regulation of other Internet gambling. He also gave testimony at September’s online poker hearing in Albany. “If the gaming industry doesn’t innovate it will be Amazon’ed by other forms of entertainment,” he told Empire State lawmakers. “Internet poker can be effectively regulated.”

New York’s interest in online poker comes as Pennsylvania is considering Internet casinos and New Jersey is witnessing record Internet gaming revenue for Atlantic City casinos.

MGM recently reached a deal to acquire Boyd Gaming’s 50-percent stake in Borgata, which also has the state’s largest online casino in terms of revenue. That move could have implications for the Garden State online betting industry. Nevada’s governor indicated last month that he really wants to broker an online poker compact with New Jersey.

Source: CardPlayer – New York Online Poker Progress

New York Online Poker

2016 Online Poker Legalization in New York?

It hasn’t been California or Pennsylvania grabbing the most attention on the online poker front this month. The state of New York, which has flirted with regulating the online card game for a few years now, appears poised for a real run in 2016.

There is already stand-alone online poker legislation on the table, and the proposal is also part of a possible budget deal. The state’s current urgency with regards to daily fantasy sports legislation could speed up the process of getting online poker approved, whether on its own or in an omnibus measure. Both DFS and poker stand to benefit from being skill-based games.

New York authorized a few new brick-and-mortar casinos in order to help struggling upstate economies, and it was said at an online poker hearing last year that bringing the card game to the Internet likely wouldn’t happen until the new casinos are built. However, that might not be the case anymore. According to a report from GamblingCompliance, one of the online poker proponents in the Empire State’s legislature said there might be motivation to get it done this year.

Assembly Member Gary Pretlow, Chairman of the New York Assembly Racing and Wagering Committee, told GamblingCompliance: “If I can get assurances that the brick-and-mortar operations are all a part of it, then we will probably move the bill this year.”

Another indicator that New York might be ready to regulate an online casino game is the fact that on Tuesday the State Assembly passed a bill legalizing mixed martial arts, which is expected to be signed by the governor. New York would be the last state in the country to legalize MMA. AsThe New York Times pointed out, the state is warming to activities that it once viewed as illicit.

Read the full article on CardPlayer.com.