• Nevada Approves Online Poker Regulations

    23 December 2011

    Newspaper

    To some this may be a case of “here we go again.” Nevada however is trying to position itself to be an important cog if the U.S. takes the leap and legalizes online gambling. As the debate is growing in Congress, Nevada voted to become the first state to allow online poker.

    Thursday, Nevada approved rules that would allow companies to apply for licenses to operate a poker website in Nevada. Now, should Congress approve any of the regulations currently up for discussion, Nevada is now positioned to take quick advantage.

    Nevada’s casinos, as long as the adhere to the state’s new standards, could be allow for them to have their own websites up with in the end of next year that could cater to Nevada residents only. According to Mark Lipparelli, chairman of the Nevada Gaming Control Board, the board that drew up the rules that was unanimously approved by the Nevada Gaming Commission;

    “I think this is an important big step. This establishes a U.S. foundation for online gaming regulation.”

    Nevada has directly addressed the issue of underage gambling that has been so hotly debated in many state governments. New operators must verify the age and location of every gambler within 30 days of registration and cannot extend credit.

    There are also regulations directly coming from the DoJ issues with Full Tilt Poker.  Operators must also hold a reserve, either of cash or credit to cover the money held for players in their account and the regulations limit the profits that celebrity poker players could receive if employed by the site.

    Thought the large casino companies are still lobbying for a federal law to legalize and regulate online gambling, Caesars has already applied for a Nevada online gambling license. It is still unclear whether they will take advantage of the new Nevada regulations or wait for federal legislation.

    Related News

    • Yggdrasil to supply betway with its premium offering

      Gambling News

      Yggdrasil to Supply Betway with Premium OfferingIvan Stefanovic15 September 2021

      Yggdrasil intends to significantly expand access to its gaming library through a collaboration with well-known online casino and sports betting provider, Betway. According to the agreement, the supplier will provide its portfolio to the operator across various regulated markets, including the United Kingdom, Germany, which recently opened the market to licensed online casinos.

      Read full article
    • What are the online gambling trends for

      Gambling News

      The Future of iGaming- Top Trends Shaping Online Gambling IndustryAleksandra Zolotic06 September 2021

      As dynamic as it is, the online gambling industry is constantly undergoing various modifications and transformations. By exploring the possibilities of game development, bringing more efficiency and safety to money transactions, suppliers push the limits and level up player experience continuously. Over the course of the past decades, we have witnessed multiple groundbreaking chances, but surprisingly, there’s always room for more.

      Read full article
    • Betsoft brings back safari sam 2

      New Online Slots

      BetSoft Brings Back Safari Sam 2Ivan Stefanovic21 May 2021

      Original BetSoft slot, Safari Sam, was released in 2012. Safari Sam 2 follows the original version in 2021, and the adventure starts in the African savannah with the most famous hunter. However, a few changes have been made and now the Wild Girl has joined Sam in his quest for the mainland's wildlife. The original game's graphics are still nice and can compete with many other titles, but this sequel goes even further.

      Read full article