• Nevada Politicians Ready To Make Money With Online Gambling

    15 February 2013


    It seems Nevada is ready to start making money with Internet gambling. At least if its politicians have anything to do with it.

    Majority Leader William Horne is pushing a bill through the Nevada Legislature that would double the online gaming license fee up to $1,000,000. While that point seems to be garnering the most press (and the most criticism), the bill also includes language that is otherwise very well received.

    The bill includes the following:

    • The ability for Nevada to continue forward with online gaming licenses.
    • The ability for Nevada to forge intrastate compacts as needed to widen its player base.
    • Companies that illegally operated online gaming storefronts in the United States before 2006 would be denied an online gaming license until 2016.

    To the critics of the $1 million fee, William Horne said, “We don’t want some average American Joe Six-Pack with a server in his garage starting an online gaming operation. We want to have serious entrepreneurs entering this arena.”

    Critics pointed out that under current Nevada law only hotel resorts with specific qualifications are eligible for online gaming licenses, which automatically makes Joe Six Pack ineligible.

    While it is unlikely that Governor Sandoval will sign the bill as it currently stands, it is likely he will issue a conditional veto until that part of the legislation is changed.

    Meanwhile, the Las Vegas Review-Journal reported that Gaming Control Board Chairman, A.G. Burnett, presented Senate Bill 9, state legislation that would allow Nevada to tax the net profits from Internet poker tournaments. Currently, on-site poker tournaments can profit tax free due to the large amount of capital required to fund the events. Since online poker tournaments do not have to pay for floor space rentals, food and beverage, and utility fees, they should not be given the same consideration.

    It’s important to note that the proposed tax in the new bill would not include the prizes won by online poker players.

    Related News

    • Greentube to supply its titles across the dutch market

      Gambling News

      Greentube to Supply Titles Across Dutch MarketIvan Stefanovic25 October 2021

      Greentube announced that it will be streaming its games live across the newly regulated market in the Netherlands. Thanks to a partnership with Holland Casino, Dutch players will have access to a portfolio of premium games online as well as in land-based casinos. The Netherlands Regulated Marketplace was officially opened at the beginning of October, and they already issued 10 gaming licenses for leading casino brands in the world.

      Read full article
    • Microgaming announced a range of exciting titles in september

      Gambling News

      Microgaming Announced Range of Exciting Titles in SeptemberIvan Stefanovic08 September 2021

      Once again, Microgaming has a wide range of new online casino games that will further expand its gaming library. More than 15 new games have been announced for this September and one of the most popular titles ever, Mega Moolah, is due to be launched at the end of the month. Kicking Off the Month with Many Exciting Games The supplier kicked off a new month with the release of Cossacks: The Wild Hunt.

      Read full article
    • Oryx gaming content adopts german market requirements

      Gambling News

      ORYX Gaming Content Adopts German Market Requirements15 October 2020

      ORYX Gaming has announced that its gaming apps are contained in RGS slots with over a hundred exclusive partners from Kalamba Games, Gamomat, RGS, Giveme Games, Golden Hero, Peter & Sons. The standard rules are fully adapted to meet additional requirements. These new rules have been introduced and include performance check, the maximum payout, monthly deposit, 5-second spin intervals, the maximum betting limits and automatic and progressive jackpots' cancellation.

      Read full article