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NEVADA IN NEW ONLINE POKER LEGALISATION BID

Posted 3/11/11 : NEVADA IN NEW ONLINE POKER LEGALISATION BID
 
Powerful support... and some reservations in Las Vegas
 
Nevada has joined California, Florida, Iowa and New Jersey in attempts to legislate for the intrastate legalisation of online poker, with Assemblyman William Horne - a Democrat who heads up the Assembly Judiciary Committee - introducing Bill AB258 Thursday. Horne has set a committee hearing for the new proposal of March 24.
 
Fellow Nevada politician Harry Reid's attempt at legalisation in the closing weeks of the last Congress failed despite the support of the American Gaming Association.
 
Early reports on the new initiative in Nevada indicate that it is being backed by the considerable influence and resources of internet poker giant Pokerstars, which has hired a top lobbyist to represent its interests in the Nevada Legislature.
 
Interestingly, it appears that the draft at present allows for reciprocal permission for players from other states to play...providing those other states have themselves legalised the pastime and agree.
 
"Nevada has always been the leader in gaming," Horne said of his bill. "As such, we should remain the leader when it comes to Internet poker."
 
AB258 calls on Nevada gambling regulators to create rules for Internet poker operators and companies that make related equipment, reports Associated Press. It specifically prohibits the Nevada Gaming Commission from denying a licence to existing poker sites such as PokerStars.
 
A spokesman for Senator Reid said this week: "The writing has been on the wall that if the federal government doesn't act to regulate Internet poker, then states will try to do so.”
 
The spokesman expressed support for overarching standards but said that Sen. Reid wants to put the legalisation task to the Nevada regulating agency.
 
"A federalised market - regulated by proven regulators like the Nevada Gaming Control Board and coupled with tough new measures to stop illegal Internet gambling - is the right way to go," he said.
 
The Reid staffer's perspective appears to be shared by New Jersey's legalisation nemesis, Caesars Entertainment, which was quick to voice its opposition to the Nevada proposal.
 
Jan Jones, Caesars' senior vice president for communications and public relations told AP: "Our focus is not intrastate, our focus is interstate. It's federal, it's putting together an American, an appropriate regulation and licensing regime, and taking the jobs and revenues going to foreign companies and bringing it back to America."
 
Jones emphasised the Caesars view that the new Nevada bill isn't the right way to legalise online poker because it's state-only legislation.
 
"That's been our position in every state, and it's our position in Nevada as well," Jones said. "Internet, by its nature, is an interstate activity, and the rules should be crafted appropriately."
 
Officials for the American Gaming Association have so far declined to comment on the new Nevada bill.
 
Legal Internet poker could benefit Nevada's ailing economy, claim the bill's authors, noting that technology could be used to limit the gambling to places where it is legal. The proposed regulations would have to guard against underage gambling and cheating and set standards that protect players' privacy, the draft, which is confined to internet poker, insists.
 
In related news, taxpayers in British Columbia had better hope that NDP wannabe leader John Horgan is not elected provincial premier in an upcoming April political party election - he is likely to reverse the province's progressive attitude toward online gambling and the considerable investment made in introducing it to the province.
 
Local media report that Horgan says he would unplug online gaming if elected as B.C. premier. The politician, one of five candidates for the party leadership, said the B.C. Lottery Corporation’s online gaming is particularly vulnerable to money laundering, fraud, and related crimes.
 
Horgan, if elected party leader, would still need to defeat Christy Clark for the provincial premiership.

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

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.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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