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This Week in Gambling - Poker News
This Week in Gambling - Poker News
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Nevada issues first licenses for online poker within state

Nevada issues first licenses for online poker within state | This Week in Gambling - Poker News | Scoop.it
Nevada entered the Internet gambling era Thursday when the Nevada Gaming Commission unanimously approved licenses for two leading gaming equipment manufacturers to provide online systems to play poker on the Internet within the state.


The U.S. Justice Department has determined Internet gambling across state lines is illegal, but several states have interpreted the decisions to allow online play within the borders of a state where gambling is legal.


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Nevada Gaming Policy Committee to Discuss State's Online Poker Plans Next Week

Nevada Gaming Policy Committee to Discuss State's Online Poker Plans Next Week | This Week in Gambling - Poker News | Scoop.it
The Nevada Gaming Policy Committee, headed by Gov. Brian Sandoval, will reconvene on June 14 in Las Vegas to talk about the state’s looming Internet poker industry.


American Gaming Association President Frank Fahrenkopf will kick off the meeting with a presentation on the state of the U.S. gaming industry. The AGA is the commercial casino industry’s top lobbying group in Washington, D.C. and has been pushing for a federal online poker measure.


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Online Poker In Nevada Draws Ever Closer

Online Poker In Nevada Draws Ever Closer | This Week in Gambling - Poker News | Scoop.it
Online Poker.netOnline Poker In Nevada Draws Ever CloserOnline Poker.net The 11-member GPC is headed by State Governor Brian Sandoval and acts as an advisory board which makes non-binding recommendations to the Nevada Gaming Commission or the State...


Despite not having met since 1984, the Nevada Gaming Policy Committee (GPC) convened last week to discuss legal online poker.The 11-member GPC is headed by State Governor Brian Sandoval and acts as an advisory board which makes non-binding recommendations to the Nevada Gaming Commission or the State Gaming Control Board.


Currently, online gambling is illegal in the U.S., but back in December, 2011, the Justice Department revealed it no longer believed the Interstate Wire Act of 1961 was applicable to online poker, thus spurring Nevada forward with efforts to to allow it. Consequently, the GPC are now in the process of preparing draft bills to that end, with member Paul Mathews Jr. explaining:


“It’s time for Nevada to be able to leverage its regulatory apparatus to our benefit. We need to take what we do around the block and around the world. In order to do that, we need some legislation.”


In preparation for the expected day when online poker returns to the US, Nevada has already started inviting applications for Interactive gaming licenses, with public hearings expected around June.


In the meantime, Nevada is also hoping that the Government may take steps to legalize online poker on a federal level, while Nevada could then receive a federal regulatory “franchise” over the taxable enterprise estimated worth $3 billion in revenue per year for the state. This could in turn help lift Nevada out of its current financial woes.


Discussing the prospects for online poker in the US, analyst Bill Lerner from
Union Gaming Group wrote in a 2011 report:


“We estimate the U.S. online poker market at $5 billion in revenue, relative to the current $24 billion global Internet gaming market and (the) $33 billion commercial casino market in the U.S. In our opinion, the commercialization of online poker is a 2013 event.”

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Four companies ink Internet poker deals

Four companies ink Internet poker deals | This Week in Gambling - Poker News | Scoop.it
Ongame Network Ltd. and Shuffle Master Inc. have reached agreements to make Ongame's Internet poker system available through systems operated by Las Vegas slot machine makers Bally Technologies Inc. and Aristocrat Technologies Inc.


Casino supplier Shuffle Master, also based in Las Vegas, in March announced plans to buy Ongame Network from Internet gambling company bwin.party Services (Austria) GmbH. Shuffle Master is paying about $25.7 million and potentially another $13.2 million depending on when and if Internet poker is legalized in the United States.


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Nevada Approves First Online Poker License

Nevada Approves First Online Poker License | This Week in Gambling - Poker News | Scoop.it
The World Series of Poker isn’t the only place where the game is making history this summer. On Wednesday, the Nevada Gaming Control Board agreed to allow Bally Technologies, Inc. to run intrastate online poker.


Attorney Ellen Whittemore said the company expected a “unique investigation” while regulators prepared to issue the first license of its kind in U.S. gaming history. “Nevada is ready to go. Bally is ready to go,” said Mark Lerner, another attorney for the company.


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