Ca lawmakers will mull several state bills that could affect both land and online gambling efforts this season (Image: Michael Macor, The Chronicle)
A fresh California gambling bill approved last week by the State Senate could up taxes and review regulatory procedures on the Golden State's ever-expanding gaming industry. Introduced by Sen. Leland Yee (D-San Francisco), SB 601 will go under the microscope of a gaming policy advisory committee comprised of both industry executives and members of the public, with all the goal of determining perhaps the current regulatory structures that are in place are aiding or abetting California's current and future outlook that is economic.
Additionally, the panel will review the impact of the state's numerous card clubs on both state and neighborhood tax flows, also as on charges to both. Yee stated he is exploring the chance that more non-Indian gaming outfits may help boost California's ever-struggling coffers to be fuller.
'Despite the good news we've seen in budget projections, I do believe it certainly is worth taking a look at new revenue sources for our state,' noted Yee. Once the committee review is complete, the bill that is new move ahead to the state Assembly for further assessment.
Needless to say, as Newton so sensibly noted, for every action there's a similar and reaction that is equal and nowhere does that hold truer than worldwide of gambl