HF 1419

as introduced - 87th Legislature (2011 - 2012) Posted on 04/11/2011 09:38am

A bill for an act
relating to gambling; allowing card clubs to conduct banked high-stakes card
games; amending Minnesota Statutes 2010, section 240.30, subdivision 8.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2010, section 240.30, subdivision 8, is amended to read:

Subd. 8.

Limitations.

The commission may not approve any plan of operation
under subdivision 6 that exceeds any of the following limitations:

(1) the maximum number of tables used for card playing at the card club at any one
time, other than tables used for instruction, demonstrations, or tournament play, may not
exceed deleted text begin 50 deleted text end new text begin 100 new text end . The table limit exception for tournament play is allowed for only deleted text begin one
tournament deleted text end new text begin three tournaments new text end per year that deleted text begin lasts deleted text end new text begin each last new text end for no longer than 14 days;

(2) deleted text begin except as provided in clause (3), no wager may exceed $60 deleted text end new text begin maximum bet
amounts and maximum buy-ins must be set by the commission and may only be changed
once per year by the commission new text end ;

(3) deleted text begin for games in which each player is allowed to make only one wager or has a
limited opportunity to change that wager, no wager may exceed $300 deleted text end new text begin in establishing
maximum bet amounts and buy-in amounts, the commission shall attempt to set levels that
would allow at least one table to operate with unlimited bets and shall set all betting and
buy-in limits at rates deemed to be competitive with those in neighboring states new text end .

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective on July 1, 2011.
new text end