BILL ANALYSIS �
SB 356
Page 1
Date of Hearing: August 14, 2013
ASSEMBLY COMMITTEE ON APPROPRIATIONS
Mike Gatto, Chair
SB 356 (Yee) - As Amended: June 19, 2013
Policy Committee: Governmental
Organization Vote: 12 - 0
Urgency: No State Mandated Local Program:
No Reimbursable:
SUMMARY
This bill under certain circumstances removes the prohibition
against obtaining a gambling license in California if the
person, partner, officer, director or shareholder has a
financial interest in an organization engaged in a prohibited
form of gambling either in or out of the state. Specifically,
this bill:
1)Allows a person or entity with a financial interest in a
foreign gambling operation to retain a gambling license if
that person or entity has been licensed in good standing as an
owner for at least five years as of January 1, 2013.
2)Requires the person to notify the Gambling Control Commission
(GCC) and the Department of Justice (DOJ) and receive GCC
approval.
FISCAL EFFECT
Annual costs in excess of $1 million for DOJ to conduct
additional background investigations into owners, shareholders,
and investors in order to approve an individual with holdings in
a foreign gambling operation.
COMMENTS
1)Purpose . This measure is intended to allow an individual
holding a California gambling license to have a financial
interest in other forms of gambling that are legal in other
countries but prohibited in California. Therefore, owners of
licensed card clubs in this state will no longer be precluded
SB 356
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from having a financial relationship with gambling
establishments in other countries.
2)Related Legislation . In 2006, SB 175 (Vincent) would have
deemed an applicant suitable to hold a state gambling license,
notwithstanding the fact that the applicant has a financial
interest in another business that conducts lawful gambling
outside the state that may violate California law if it were
conducted in California. That bill was held on this
committee's Suspense File.
Analysis Prepared by : Julie Salley-Gray / APPR. / (916)
319-2081