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NEVADA POKER LEGALISATION LAW PASSES ANOTHER TEST
02/19/2012 : NEVADA POKER LEGALISATION LAW PASSES ANOTHER TEST
Minimum Internal Controls (MICS) approved
The Nevada regulators are pressing on with the finalisation of administrative requirements for the state's legalisation of online poker measure.
Earlier this week the Gaming Control Board announced that it had completed the Minimum Control Standards required of operators, reinforcing its approval of the final Technical Standards supporting the legislation some weeks ago.
The MICS are likely to be implemented next (March) month, enabling companies who wish to obtain Nevada licensing to make final preparations to ensure compliance with the Board's specific standards and technical requirements.
These cover areas as diverse as registration and the information required from players; verification of ID and age; financial arrangements; penalties for providing false information; and operator requirements.
The regulators will now finalise plans for the licensing process; thirteen companies have so far applied for licensing (see previous InfoPowa reports) and it is understood that work on reviewing these applications has already commenced.
The initial phase will probably be on an intrastate basis that will restrict activity to Nevada residents and visitors to the gambling state, although flexibility has been built into the system to allow for a wider spread of activity when and if circumstances permit.
The Board has not yet given any indication of when the de facto issue of licenses will take place.
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Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
Singapore Online Gambling Ban Begins -
Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.
Pennsylvania Online Gambling Updates -
Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.
WSOPE In Czech Republic -
World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.
BtoBet Partners with AfroBet -
Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.
Pissed off Tabcorp shareholders -
A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.
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