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 legalization 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 legalization 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.