California Legislators Continue to Grapple with Gambling Options

California Legislators Continue to Grapple with Gambling Options

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 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 a gaming policy advisory committee comprised of both industry executives and members of the public, with all the goal of determining whether the current regulatory structures that are in place are aiding or abetting California’s current and future financial outlook.

Regulatory Review

Also, the panel will review the impact of hawaii’s numerous card groups on both state and tax that is local, also as on fees to both. Yee said he could be checking out the possibility that more non-Indian video gaming outfits may help boost California’s ever-struggling coffers to become fuller.

‘Despite the news that is good’ve seen in budget projections, I believe it is usually worth considering new revenue sources for our state,’ noted Yee. Once the committee review is complete, the new bill will proceed to your state Assembly for further assessment.

Needless to say, as Newton so wisely noted, for each and every action there’s a similar and reaction that is equal and nowhere does that hold truer than in the world of gambli Continue reading “California Legislators Continue to Grapple with Gambling Options”

Nevada Revenues Rebounded Heartily in 2013

Nevada Revenues Rebounded Heartily in 2013

Vegas’ advertising campaigns positioning the city as hip and occurring appear to be working, based on 2013 income tallies

It’s been awhile since Las Vegas could really publish any extremely news that is positive revenues, but 2013 has been a watershed year economically for Sin City. Figures posted end-of-year by the Nevada Gaming Control Board show a whopping 22.6 percent spike in gaming revenues for the month of November, adhering to a significantly flat October, a reality that promises to exhibit excellent year-end overall figures once compiled.

Second Best of the 12 Months

Turns out November was the second best of the year for Las Las vegas Strip properties. Baccarat took house the gold literally with a 94 percent hike, while table games also pulled a 53.5 percent jump to their weight, when compared with 2012. Certainly nobody is ripping out slot machines, but it appears that old-school gambling is the moneymaker these days in the City of Neon.

Statewide, the picture ended up being also a good one. Across Nevada, casinos took in $875.9 million in November, a bump of 11.9 percent in comparison to the entire year prior. And much more encouraging, it had been the 3rd monthly hike during days gone by four months.

Las Las Vegas’ uber-successful strategy of being the coolest, hippest, swag-est place to be on the planet is apparently working when it comes to gambling as well; the Strip introduced $529.4 million in November overall, Continue reading “Nevada Revenues Rebounded Heartily in 2013”