What's happening
Writing a plain-English summary… Track this bill to get it by email.
Why it matters
Albany, before your first meeting.
Every bill that moved yesterday, summarized in a sentence and ranked by impact. The Albany Scorecard follows on Sundays.
Free. Unsubscribe in one click. Want alerts on specific bills? Create an account.
Who cares
Headline styles
Sponsors
Senator · Senate District 42
No co-sponsors yet.
History
- Referred to racing and wagering
- Delivered to assembly
- Passed senateVote 52–10
- Ordered to third reading cal.1914
- Referred to rules
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the racing, pari-mutuel wagering and breeding law in relation to the operation of commercial casinos
Purpose of the bill
This bill would clarify the permissibility of credit to patrons at commercial casinos. Summary of Provisions:
Section 1 of the bill would amend section 1339 of the racing, pari-mutuel wagering and breeding law to clarify that the activity described in paragraph (a) -- cashing a check, making a loan or providing credit -is permitted to players by gaming facility licensees, so long as a written record is maintained.
Section 2 of the bill would make it effective immediately.
Justification
The ability of commercial casinos to extend credit to players taking part in gaming activity is an important component of commercial casino operations. The law should provide that such credit is permissible, so long as a written record thereof is maintained in accordance with the rules of the Gaming Commission.
Prior legislative history
This is a new bill.
Fiscal implications
The provision of credit to casino gaming players is expected to increase casino gross gaming revenue, which would increase tax revenue to the State.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.