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Nevada AB114 Signed Into Law
Friday February 22,2013 : NEVADA GOVERNOR SIGNS NEW ONLINE GAMBLING BILL INTO STATE LAW (Update)
AB114 fast-tracked through a joint sitting of the Judiciary Committees, the House and the Senate
Nevada's measure designed to enable online gambling compacts with other like-minded states, AB114, moved with impressive speed through the state Legislature this week and was signed into state law almost immediately by Governor Brian Sandoval.
Introduced by Assembly Majority Leader William Horne and endorsed by US Senate Majority Leader Harry Reid, the bill sailed through a joint sitting of the House and Senate Judiciary Committees before being approved unanimously and in rapid order by the House and the Senate and sent to the governor's desk Thursday.
Sandoval did not hesitate to sign it, saying: "This is an historic day for the great state of Nevada. Today I sign into law the framework that will usher in the next frontier of gaming in Nevada."
Fears that the bill would be slowed down by arguments over the licensing fee did not materialise as Horne and the governor compromised, agreeing on a $500,000 fee instead of Horne's proposed $1 million, and a renewal fee of $250,000. These amounts can be amended by the Nevada Gaming Commission if required.
However, a 5-year "bad actor" clause blocking the licensing of any entity that has offered Americans online poker since the advent of the UIGEA in 2006 was left in the measure, and could cause problems for Pokerstars.
The governor's main priority - to achieve the state Legislature's approval for negotiations with other states aimed at shared player pools without reference to the US Congress, remains in the bill, with the governor commenting: “We can’t wait any longer for Congress to act.”
Nevada's gambling regulators will now draft the necessary regulations governing the rules and limitations on interstate agreements negotiated under the new law.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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