New bond required for California Internet Gambling
This bill will authorize intrastate Internet gambling and would require the Department of Justice to issue a request for proposals (RFP) to enter into contracts with up to three hub operators to host internet gambling games to registered players in California. These contracts would last for a period of 20 years. This bill will require a surety bond to be posted by the hub applicant through the RFP. This will become immediately due and owing to the state when the applicants proposal is accepted. If any documentation of the applicant was submitted in connection with the RFP is found to be false the bill will provide that the bond will have to be forfeited to the state.
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