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NEVADA ONLINE POKER LICENCES BY EARLY 2012?

Monday  November 14, 2011 :  Gaming Control Board official says it's possible
 
Nevada online poker licenses, valid for intrastate operations only until federal legalisation, could be available as early as the first quarter of 2012, says Mark Lipparelli, and as chairman of the Nevada Gaming Board his opinion has weight.
 
Lipparelli made the disclosure last week at the U.S. Online Gaming Law get together for the legal eagles in Las Vegas, according to the publication Vegas Inc., which reported that the regulatory exec told delegates the Board will begin taking applications to license companies to operate Internet poker sites in February 2012, and that his organisation would be ready to carry out the necessary probity investigations when that came about.
 
Practically speaking, the process is likely to go substantially faster for companies with which the Board is familiar, and that already hold Nevada licensing. It may take somewhat longer for new applications from companies that have not previously operated in Nevada - up to several months.
 
Once licensed, there appears to be no obstacle from the Board's perspective to operators offering intrastate online poker in a similar fashion to Nevada sports betting firms. Lipparelli stressed, however, that the action would be confined within the borders of Nevada in the absence thus far of federal legalisation.
 
Interestingly, the exec explained that the federal Unlawful Internet Gambling Enforcement Act, which makes financial transactions with 'illegal' online gambling companies an offence, has provision for several exceptions, including intrastate and intratribal wagering.
 
The requirements for a licence will be tough; the regulator said that the Board has taken its land casino licensing model and applied it strictly to the online poker environment with probity, player protection, and technology all receiving thorough scrutiny.
 
 
“We think we’ve set the bar high for licensing and suitability,” the gaming executive observed.
 
By December, the Board is set to consider and hopefully approve regulations framed by the Nevada Gaming Commission earlier this year at the behest of the state Legislature, although in the interests of flexibility it may necessary to tweak these in the months following implementation.

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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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