Cardroom Expansion in CA Gains Support, Flutter Shareholders Want More US Listings Plans
Cardroom Expansion Measure in California Heads to State Senate
The proposal calls to expand the cardrooms across the state of California, allowing for gradual growth and restricting over-expansion. It includes an increase in the number of gaming tables. Qualifying cardrooms would be allowed to add up to 10 gaming tables over a period of 20 years.
The Gambling Control Act of 1997 in California currently restricts such expansion.
Assembly Bill 341 (AB341), was introduced by Assemblymember James Roms and is co-authored by Assemblymembers Greg Wallis and Evan Low, as well as State Senators Rosilicie Bogh and Bill Dodd.
The measure does enjoy significant support. Backers include California Cardroom Alliance, California Cities for Self-Reliance JPA, Communities for California Cardrooms, as well as the California Nations Indian Gaming Association (CNIGA). Many of the state's cardrooms and tribes support the proposal.
Last week, the bill passed the California State Assembly with a 68-1 vote and now AB341 heads to the Senate.
Flutter Reveals Shareholder Support for Additional US Listing Plans
Flutter Entertainment has announced it received “very strong support” from shareholders for its proposed additional listing of ordinary shares in the US.
Though specific details of the listing have not yet been disclosed, Flutter said the initiative would strengthen its profile in the US, better enable the recruitment and retention of talent in the country and grant access to deeper capital markets and US domestic investor.
This is all happening as FanDuel continues to expand its market presence in the US.
“We have an unparalleled number one position in the US where we continue to go from strength to strength,” Flutter chief executive Peter Jackson said. “The combined power of the ‘FanDuel Advantage’ and the ‘Flutter Edge’ delivered our most successful launches to date in Maryland and Ohio.”
- Aaron Goldstein, Gambling911.com
