Bill Text: NY S05377 | 2017-2018 | General Assembly | Introduced

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Bill Title: Makes technical corrections to provisions prohibiting casinos from extending credit to players.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2018-01-03 - REFERRED TO RACING, GAMING AND WAGERING [S05377 Detail]

Download: New_York-2017-S05377-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          5377
                               2017-2018 Regular Sessions
                    IN SENATE
                                     March 23, 2017
                                       ___________
        Introduced  by  Sen. BONACIC -- (at request of the New York State Gaming
          Commission) -- read twice and ordered printed, and when printed to  be
          committed to the Committee on Racing, Gaming and Wagering
        AN  ACT  to  amend the racing, pari-mutuel wagering and breeding law, in
          relation to the operation of commercial casinos
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  Subdivision  1 of section 1339 of the racing, pari-mutuel
     2  wagering and breeding law, as added by chapter 174 of the laws of  2013,
     3  is amended to read as follows:
     4    1. [Except as otherwise provided in this section, no] No gaming facil-
     5  ity  licensee  or  any person licensed under this article, and no person
     6  acting on behalf of or under any  arrangement  with  a  gaming  facility
     7  licensee or other person licensed under this article, shall:
     8    (a)  [Cash]  cash  any  check[, make any loan, or otherwise provide or
     9  allow to any person any credit or advance of anything of value or  which
    10  represents  value]  to enable any person to take part in gaming activity
    11  as a player, other than as permitted by subdivisions two  through  eight
    12  of this section; [or]
    13    (b)  [Release]  make  any  loan,  or otherwise provide or allow to any
    14  person any credit or advance of anything of value,  or  that  represents
    15  value  to enable any person to take part in gaming activity as a player,
    16  other than as permitted by paragraph (a)  of  this  subdivision,  unless
    17  done pursuant to the rules of the commission; or
    18    (c) release or discharge any debt, either in whole or in part, or make
    19  any  loan  [which]  that represents any losses incurred by any player in
    20  gaming activity, [without maintaining] unless a written record  [thereof
    21  in  accordance with] of the transaction or activity is maintained pursu-
    22  ant to the rules of the commission.
    23    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD09982-01-7