Nevada Approves Regulations for Online Poker

By: PokerListings.com

Nevada is now the first US state to officially approve a framework for regulated intrastate online poker after a unanimous vote by the Nevada Gaming Commission yesterday.

While still limited to just play within state borders and not yet open to players until Federal regulation is approved, it clears the way for gaming companies to be officially licensed to offer online poker in Nevada.

The new regulatory framework forces applicants to prove they can control player registrations, prevent underage play and restrict players to in-state locations before they can be considered for a license.

It also dictates the information companies have to show on their websites, how they will keep records and resolve disputes and how they will pay fees and be taxed.

Information and support outlets for problem gambling also have to be provided.

The new framework is the first comprehensive set of guidelines for online poker licensing in the US.

At least six companies had previously initiated the licensing process with the state of Nevada including Bally’s Technology, South Point, Caesars Entertainment, International Game Technology, Shuffle Master and Cantor Gaming.

Chairman of the Nevada Gaming Control Board Mark Liparelli says those companies will have "a smoother time moving forward" because they have already passed some essential checks.

Liparelli said he expects one of those companies to be awarded the first actual license in the Spring.

Added Cantor Gaming chief executive officer and president Lee Amaitis:

“This is an important day for gaming control everywhere as Nevada again opens a path to a future that will benefit jurisdictions around the globe.

"I feel privileged to share it with you.”