Thunder valley Casino enters online poker alliance with bwin.party
May 9, 2012
The United Auburn Indian Community (UAIC), which owns and operates the Thunder Valley Casino Resort near Sacramento, Calif., and bwin.party digital entertainment plc have entered into a formal agreement to offer online poker services in California if suitable intrastate legislation is enacted in the state.
As a federally recognized California Indian tribe that already operates a casino resort within the state, UAIC would be a qualified license applicant under legislation proposed in the California State Senate and would secure and maintain the necessary licenses to operate online poker services in California. bwin.party would provide the technology and operations expertise to power the services plus related support. The Agreement would be for a 10‐year period from the date that online poker services are launched.
On February 24, two California state senators introduced legislation to regulate online gaming within California. The Internet Gambling Consumer Protection and Public‐Private Partnership Act of 2012 (SB 1463) proposes, inter alia, to regulate license and tax internet poker within the state of California. The current proposed rate of tax is 10 percent of gross gaming revenue.
“We see the legalization of Internet poker and other Internet gaming as being inevitable,” said David Keyser, tribal chairman of UAIC. “Having met with representatives from a number of different online gaming companies, bwin.party was our first choice as partner. With its unrivalled expertise in online poker, proven technology and player loyalty we are confident of being able to maximize the revenue opportunity from a regulated online poker market in California and to continue to enhance the long‐term prosperity of our community.”
bwin.party digital entertainment is one of the world’s largest listed online gaming companies, and is licensed and regulated to operate in Gibraltar, France, Italy and Denmark.
Did you enjoy this article? Click here to subscribe to the magazine.