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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 :
IS DAN BILZERIAN A POKER FISH? -
Dan Bilzerian, the high profile Instagram legend, jet setting playboy and allegedly deadly online poker player who claims he accrued a $50 million fortune playing the game,
AMAYA C.F.O. RETIRES -
Daniel Sebag, the Amaya online gambling group's first and only chief financial officer with ten years’ service under his belt, has retired, according to a company announcement Friday.
LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
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