California Legislators Maintain to Grapple with Gambling Options

California Legislators Maintain to Grapple with Gambling Options

Ca lawmakers will mull several state bills that could affect both land and online gambling efforts this present year (Image: Michael Macor, The Chronicle)

A new California gambling bill approved week that is last 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 goes under the microscope of the gaming policy advisory committee comprised of both industry executives and members of the public, using the goal of determining perhaps the existing regulatory structures that are in place are aiding or abetting California’s current and future outlook that is economic.

Regulatory Review

Additionally, the panel will review the effect of their state’s numerous card groups on both state and tax that is local, aswell as on fees to both. Yee said he could be exploring the chance that more non-Indian video gaming outfits could help improve California’s ever-struggling coffers to become fuller.

‘Despite the good news we’ve seen in budget projections, I think it certainly is worth looking at new revenue sources for our state,’ noted Yee. Once the committee review is complete, the bill that is new move ahead towards the state Assembly for further assessment.

Needless to say, as Newton so sensibly noted, for each and every action there exists a similar and equal effect, and nowhere does that hold truer tha Continue reading “California Legislators Maintain to Grapple with Gambling Options”