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Poker Princess Tells All, NY and PA Online Poker

8 May 2014, By: Pokerjunkie.com
Poker princess Molly Bloom tells all about the Hollywood home games she helped run in a new book while New York and Pennsylvania get closer to online poker.
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Poker princess Molly Bloom tells all about the Hollywood home games she helped run in a new book while New York and Pennsylvania get closer to online poker.

Poker Princess Molly Bloom Tells All About Tobey Maguire, Hollywood Underground Poker

Want to know what went on in the Hollywood and New York games involving Tobey Maguire, Leonardo DiCaprio, Alex Rodriguez and others?

You'll get to find out as poker princess Molly Bloom, the woman who helped coordinate and run the games, is releasing a tell-all book in June.

Entitled Molly's Game: High Stakes, Hollywood's Elite, Hotshot Bankers, My Life in the World of Underground Poker the book dishes on the big-time celebrities and millionaire fish that frequented the game.

Bloom recently pled guilty to charges related to running the New York high stakes game that was frequented by Maguire and other celebrities.

Pennsylvania iGaming Could Bring $184 Million the First Year

Back in December the Pennsylvania state legislature commissioned a viability study for iGaming in the state. That report was released earlier this week.

Entitled "The Current Condition and Future Viability of Casino Gaming in Pennsylvania," the report claims that legalized iGaming (including online poker) could result in revenues upwards of $184 million in the first year.

The study pointed out that the iGaming market is different than that of brick-and-mortar casinos and that iGaming would complement rather than cannibalize the industry.

The report also recommended a higher tax for iGaming due to lower operating costs. Examples used in the study were 20% for online poker and 60% for slots.

In addition to $184 million in revenue the first year, the report claims that second year revenue should reach $307 million.

New York Assembly Introduces Online Poker Bill

The New York State Assembly has filed a companion bill for one already in the state Senate. AO9509 seeks to legalize online poker in New York, relying on poker as a game of skill.

The bill is similar to SB 6913 filed back in March and would permit Texas Hold'em, Omaha Poker, and other games.

There is also a bad-actor clause with a hard date of December 31, 2006. Any company that provided or helped to provide online poker services to US customers after that date will be banned.

License fees are $10 million and sites will pay a 15% tax.

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