SACRAMENTO, Calif.--(BUSINESS WIRE)--The California Gaming Association (CGA), representing the 69 of the licensed card clubs across the Golden State, announced today that it is endorsing Senate Bill 40 by State Senator Lou Correa (Orange County), which seeks to authorize online poker in California.
The bill to authorize and regulate online poker will create a needed source of new revenues and jobs as California struggles with a record $28 billion deficit and a soaring unemployment rate of 12%.
“Senate Bill 40 will help revitalize the state’s economy while protecting players,” said Rob Ross, CGA’s Executive Director. “This bill is an opportunity for licensed card clubs to participate in a new and rapidly evolving technology, should they elect to do so.”
The CGA represents more than 75% licensed card room clubs throughout the state.
Unlike current federal legislative proposals, SB 40 keeps revenues generated by online poker in California and does not export much needed state revenue out of state or, worse, out of the country to illegal, foreign-based online gaming sites.
Ross said SB 40 contains provisions that CGA believes are key elements in establishing a safe and secure option for online poker in California. Strict regulation of operators called for by SB 40 will ensure that the more than 2 million Californians who play poker online each week will be protected from various forms of fraud and theft that currently occur.
“I’m honored to have the support of the California Gaming Association behind SB 40,” said Senator Lou Correa. “The growing support for this legislation shows that now is the time for California to engage by creating a legal and safe environment for our residents who play online poker while also generating new revenues and jobs for our state.”
The bill also protects children from gambling online through strict registration and login requirements. These regulations will ensure that any online poker Web site licensed in California meets the strict standards of excellence established by CGA’s members.