binions
05-03-2007, 05:34 PM
Pretty interesting. Came out of committee with a 6-2 positive vote, and may be voted on soon. Here is the text:
http://www.capitol.state.tx.us/tlodocs/80R/billtext/html/HB03186I.htm
Highlights:
Lottery Commission governs. Commercial operators license available only to those with a TABC alcohol permit or a pari-mutual permit and $1 million gross assets.
Rake capped at 10% up to $4. Jackpot bonus capped at $1. No location may have more than 4 tables.
If live dealers empoyed, then dealers have to be licensed. In addition, video surveillance must be used. Chips must be made with the logo of the establishment. And finally, no deck may be used for more than 50 hands.
If electronic tables are used, no chips, no dealers, no decks and no video surveillance is required.
State tax = 18% of gross receipts.
Charitable tournament operator's license also available.
http://www.capitol.state.tx.us/tlodocs/80R/billtext/html/HB03186I.htm
Highlights:
Lottery Commission governs. Commercial operators license available only to those with a TABC alcohol permit or a pari-mutual permit and $1 million gross assets.
Rake capped at 10% up to $4. Jackpot bonus capped at $1. No location may have more than 4 tables.
If live dealers empoyed, then dealers have to be licensed. In addition, video surveillance must be used. Chips must be made with the logo of the establishment. And finally, no deck may be used for more than 50 hands.
If electronic tables are used, no chips, no dealers, no decks and no video surveillance is required.
State tax = 18% of gross receipts.
Charitable tournament operator's license also available.