Online gambling regulations-in-waiting demand segregated player accounts

Monday, October 24,2011 : FULL TILT POKER LESSONS LEARNED IN NEVADA REGS (Update)
 
Online gambling regulations-in-waiting demand segregated player accounts
 
The process of legalising online poker in Nevada – conditional on federal approval first – continued to develop in the gambling state this week with the release by the Nevada Gaming Control Board of its draft for Minimum Internal Control Standards for Interactive Gaming.
 
The work is the culmination of a tasking from the state Legislature following a positive vote on legalization earlier this year.
 
Among the strict requirements and standards for operators are player privacy and security protection measures and – perhaps a lesson underlined by the ongoing Full Tilt Poker debacle – a provision that all revenue (deposits) collected must be “deposited into a segregated, separate bank account,” along with precautions against credit being given to punters.