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Put forward by State Senator John Bonacic, Senate Bill S3898 has already been approved by the
New York Senate Finance Committee and will soon go to a full vote at the State Senate.
However, prior to the third and final reading of the bill before the full Senate vote, it was decided to amended the bill with the addition of a bad actor clause.
The term, which has also been included in online gaming bills put forward in various other states across the US,
relates to operators that were illegally active in the US after the 2006 passage of the Unlawful Internet Gambling Enforcement Act (UIGEA).
According to the Flushdraw.net website, the bill says that an operator may be considered unsuitable for a licence in New York if it has
“knowingly and wilfully accepted or made available wagers on interactive gaming (including poker)” from US residents after the cut-off date of December 31, 2006.
The clause also refers to activities where companies “knowingly facilitated or otherwise provided services” to anyone that took such wagers.
In addition, the term applies only to those that have “purchased or acquired, directly or indirectly, in whole or insignificant part…
a covered asset in connection with interactive gaming”.
This surely means big companies such as PokerStars will not be able to obtain a license in NY.
SOURCE-
New York Senate Finance Committee and will soon go to a full vote at the State Senate.
However, prior to the third and final reading of the bill before the full Senate vote, it was decided to amended the bill with the addition of a bad actor clause.
The term, which has also been included in online gaming bills put forward in various other states across the US,
relates to operators that were illegally active in the US after the 2006 passage of the Unlawful Internet Gambling Enforcement Act (UIGEA).
According to the Flushdraw.net website, the bill says that an operator may be considered unsuitable for a licence in New York if it has
“knowingly and wilfully accepted or made available wagers on interactive gaming (including poker)” from US residents after the cut-off date of December 31, 2006.
The clause also refers to activities where companies “knowingly facilitated or otherwise provided services” to anyone that took such wagers.
In addition, the term applies only to those that have “purchased or acquired, directly or indirectly, in whole or insignificant part…
a covered asset in connection with interactive gaming”.
This surely means big companies such as PokerStars will not be able to obtain a license in NY.
SOURCE-
