A new 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 general public, with the goal of determining whether the current regulatory structures that are in place are aiding or abetting California’s current and future outlook that is economic.

Regulatory Review

Also, the panel will review the impact of the state’s numerous card clubs on both state and tax that is local, aswell as on charges to both. Yee said he could be checking out the chance that more gaming that is non-Indian may help boost California’s ever-struggling coffers to be fuller.

‘Despite the good news we’ve seen in budget projections, I believe it’s always worth evaluating new revenue sources for our state,’ noted Yee. Once the committee review is complete, the new bill will move on towards the state Assembly for further assessment.

Of course, as Newton so sensibly noted, for every single action there exists a similar and equal reaction, and nowhere does that hold truer than worldwide of gambling legislation. N Continue reading →