rwwupl
09-13-2010, 09:48 AM
: http://www.sacbee.com/2010/09/10/3017923/dan-walters-new-twist-in-an-old.html#Comments_Container#ixzz0zPpUWJIO
excerpt:
Assembly Speaker John A. Pérez introduced enabling legislation but at the last moment amended it to include "exchange wagering," in which individual bettors face off against one another. It was pushed by a British firm called Betfair and by horse racing labor unions.
It split the industry in the closing days of the legislative session.
However, on the final day, an uneasy semi-agreement was forged. It allows exchange wagering only after a two-year delay, only after the California Horse Racing Board and the state Department of Justice confirm its legality and practicality, and with a four-year limit, the latter imposed by Senate President Pro Tem Darrell Steinberg.
Schwarzenegger probably will sign the legislation, but not everyone in the industry is happy with it. The battle may resume at the Horse Racing Board or in the courts.
Read more: http://www.sacbee.com/2010/09/10/3017923/dan-walters-new-twist-in-an-old.html#Comments_Container#ixzz0zPpUWJIO
excerpt:
Assembly Speaker John A. Pérez introduced enabling legislation but at the last moment amended it to include "exchange wagering," in which individual bettors face off against one another. It was pushed by a British firm called Betfair and by horse racing labor unions.
It split the industry in the closing days of the legislative session.
However, on the final day, an uneasy semi-agreement was forged. It allows exchange wagering only after a two-year delay, only after the California Horse Racing Board and the state Department of Justice confirm its legality and practicality, and with a four-year limit, the latter imposed by Senate President Pro Tem Darrell Steinberg.
Schwarzenegger probably will sign the legislation, but not everyone in the industry is happy with it. The battle may resume at the Horse Racing Board or in the courts.
Read more: http://www.sacbee.com/2010/09/10/3017923/dan-walters-new-twist-in-an-old.html#Comments_Container#ixzz0zPpUWJIO