SB 755 Summary

• Authorizes peer-to-peer entertainment events (poker games like Texas Hold 'em and Omaha) where players compete against each other rather than a house, with each player receiving their personal winnings and no third party deriving proceeds from the game.

• Establishes the Hawaii Peer-to-Peer Entertainment Commission with seven appointed members to regulate and oversee peer-to-peer entertainment events conducted in commercial venues.

• Authorizes issuance of no more than two licenses for operating internet-based peer-to-peer entertainment infrastructure, with a minimum bid of $100,000,000 per license and subsequent annual fees of 20% of all wagers placed.

• Prohibits computer, software, or inanimate device participation in peer-to-peer entertainment and requires operators and licensees to provide free advertising space to the State for tourism promotion.

• Effective July 1, 2112 (note: this appears to be a typographical error in the bill text).