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NEVADA'S ONLINE GAMBLING REGS ACHIEVE A SMOOTH INITIAL PASSAGE
Tuesday, September 27, 2011 : This week's workshop produced few arguments
The Nevada Gaming Control Board's workshop to discuss the state's proposed new online poker regulations was held in Las Vegas Monday with little in the way of controversy or argument.
The suggested regulations have been drafted to ensure that Nevada is in a position to move forward immediately federal legalising laws are passed.
Officials explained the regulations, heard testimony and answered questions during the one-and-a-half hour session, which was well attended by players, industry attorneys, former regulators and corporate representatives of firms with an interest in the opportunities legalisation could present.
The audience was briefed on the requirements regarding the operation of interactive gaming, licensing, internal controls, record-keeping, player registration, fees, dispute resolution and the reporting of suspicious wagers.
Highlights of the briefing included:
• The Nevada Gaming Commission must review and approve all interactive gaming systems of applicant companies.
• There is a requirement for ongoing testing of interactive systems, including privacy oversight to protect a player's identity and account information.
• Strict requirements regarding the registration of players, including identity, age (21 years) and location verification, together with checks that the player is not a problm gambler or excluded player.
• Records of all financial transactions, wins and losses, must be kept and players may not be given credit.
• Operators must report suspicious wagers within seven days.
• Interactive gaming licenses are classified as distinct from any existing gaming licenses that may be held, and therefore a new i-gaming licence must be taken out by applicants, for which fees will be charged. Fees have been set at $500,000, with $250,000 annual renewals and $125,000 for service providers with $25,000 annual renewals.
Further public hearings will be held by the Commission and the Board in November before the final regulations are approved, which must take place before January 31, 2012.
Control Board Chairman Mark Lipparelli appeared pleased with the smooth passage of the regulations through the first hearing, saying: "I think we're fairly close....we have a solid foundation, but there may be changes based on  written comments that were submitted."
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Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
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The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
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NY Rangers vs. Devils on 12/21 -
When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.
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