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NEVADA ADOPTS INTERSTATE COMPACTS LAW
Friday April 12, 2013 : NEVADA ADOPTS INTERSTATE COMPACTS LAW
Governor signs empowerment to make interstate deals into state law
The publication International Law Office reports that Nevada governor Brian Sandoval has signed into the state law books new legislation that empowers him to negotiate interstate compacts on online poker, which Nevada legalised last year.
The finalisation of the law is significant because it lays the groundwork for deals with other states that have legalised online poker, making it possible to combine player pools and thus increase player liquidity and the chances of commercial success.
AB114 enables and authorises arrangements with other states that legalise interstate online poker...and such compacts can be entered into without first obtaining the approval of federal authorities.
The US Department of Justice still holds that sports betting is illegal under the Interstate Wire Act of 1961 and there has been no move to repeal or amend the supporting Unlawful Internet Gambling Enforcement Act of 2006, which disrupts 'illegal' online gambling financial transactions and presents a possible area of future confusion for financial institutions like the banks.
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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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