Posts Tagged ‘nevada’

Nevada Republicans Respond to GOP Plank to Stop Online Gambling: Pshaw!

by , Sep 1, 2012 | 10:00 am

A plank in the Republican platform, approved earlier this week at the party’s national convention in Tampa, Fla., calls for a “prohibition” on Internet gaming and reversing December’s re-evaluation of the Federal Wire Act.

The language – listed under the heading “Making the Internet Family-Friendly” – goes against the position taken by most of the gaming industry and of the state’s Republican elected leaders.

Gov. Brian Sandoval, who addressed the Republican Convention on Tuesday, said he doesn’t support the platform language.

“We’re not going to agree on everything,” Sandoval said. “Nevada has always set the gold standard in gaming, and online gaming is the next frontier for the industry. Our state supports online poker and will continue to work to ensure a secure online gaming environment.”

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Poker in the US – Is it ever going to happen?

by , Jul 19, 2012 | 8:00 am

Last week, Raymond Bitar, the CEO of Full Tilt Poker, was arrested at JFK Airport.

He was charged with gambling, bank fraud and money laundering offenses in connection with the operation of an Internet gambling Ponzi scheme. This recent arrest has brought up questions in the poker community and in the media about the legal issues surrounding this hot button issue. 100% legal online poker in the United States isn’t an IF situation; it’s a when situation. Poker is a game of skill, that’s a fact. In the long term all good players will win, and all bad players will lose. In the short term, it’s gambling. But even in the basic, short term sense, even gambling isn’t illegal. Just walk down the strip in Vegas and you’ll see gambling is alive, well, and legal.

With good reason, the United States government, and any other government, should hold no moral high ground as to how their citizens can spend hard earned money. People treat gambling as fun, whether they are playing poker, slots, table games, or anything else for that matter. Players know they probably aren’t going to win, but they play because it’s entertainment. By making all gambling illegal you may as well just outlaw movies next. You’re essentially telling your citizens what they can and cannot spend their entertainment budgets on.

It’s all about money

Online poker isn’t “illegal” because it’s gambling. Online poker is illegal because online sites are making millions of dollars and the Uncle Sam isn’t seeing a penny. Online sites are seen as rogue, off-shore entities that print money without giving a red cent to the United States Government. It hasn’t stopped many American players, who turn to sites to find rooms that still accept US players.

Add to this the fact that established brick and mortar casinos, which have been paying more than their fair share of taxes, are shut out of the online market. These billion dollar casinos employ lobbyists to push their agenda, which is live, in-casino gambling. They feel they benefit from no online gaming and, if there is going to be any online gaming, they feel they should be the ones to offer it. They feel they’ve paid their share, and it should be their sites making millions, and not some “rogue off shore entity”. Casino.org recently released an infographic that details exactly how much money the US is losing by not regulating the industry.

It’s these two reasons why online poker has been made illegal and, as soon as they find a way to set these American owned sites up with the tax money being paid to the United States Government, poker will be legal again.

The trend is slowly moving that way. Nevada has already passed state legislation that allows online gaming and there are four other states pending. It’s going to take time, but it will happen.


Ray Bitar, William Hill, and More Action in Nevada

by , Jul 14, 2012 | 1:22 pm

This week we look at two additional companies taking the next step to get licensed for internet gambling in the state of Nevada. Plus, Ray Bitar is out on bail, and William Hill wants social gaming regulated.


Online Gambling Bill Passes in Delaware!

by , Jul 1, 2012 | 1:45 am

Online Gambling has been legalized in the state of Delaware, nearly six years after the passage of the UIGEA. Not only that, but Nevada has started to issues online poker licenses to gaming companies in the state! What a week!


Nevada Gaming Revenues Continue Shaky Rise

by , Jun 13, 2012 | 6:38 pm

Nevada gambling revenues rose more than 6.1 percent in April, to $855.7 million, compared with the same month last year, the state Gaming Control Board announced Tuesday.

The single-digit increase was a return to the plus side after a 10.8 percent decline in March.

The state posted revenue increases of 5.7 percent in February and 18.4 percent in January, according to figures compiled by Nevada gaming regulators.

Analysts described the results as mixed, with high-end games returning strong results while table games and slots that appeal to a mass market were down for the month.

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LOL: Nevada Regulators Get Email

by , Jul 16, 2011 | 1:54 am

You can’t really claim to set the “gold standard” for gambling regulation if your licensees still have to submit their reports via fax. Thankfully, as Harry Reid’s home state of Nevada gets its regulations in order to accommodate online poker and probably more — not to mention the new NV law allowing them to regulate future legal online gambling… the Nevada Gaming Control Board just made a rather major shift not just by allowing email submissions, but requiring them.

Seriously, this shift into the 21st late 20th century dramatically alters daily activity in every Vegas casino with a poker room … Wonder if Nevada Gaming learned about this “email” tactic on their junkets to Alderney.

The Alderney Gambing Control Commission — which will be making its own determination on the fate of Full Tilt Poker later this month — partnered with Nevada regulators in January, shortly after the Reid Bill somehow didn’t pass.


Nevada Internet Poker Rides Rush

iPoker bill heard; 888-Caesars deal approved; Wynn partners with PokerStars

by , Mar 24, 2011 | 7:39 pm

Just before the hearing on AB258 held in the Nevada Legislature this morning, the PPA released an official press statement supporting the “interstate” iPoker bill.  This announcement made an for an interesting preface to over three hours of testimony on internet poker in Nevada, featuring a bevy of high-octane witnesses presenting an array of statistics and factoids *in favor* the bill, without a whole lot of testimony (publicly) against.

It kicked off a major rush of online poker activity in the state of Nevada today.

At the hearing, witnesses giving testimony in support of the bill included Vanessa Rousso, who made the obligatory “poker star” (pun-intended) appearance.  She gave a rather harried and then hurried Online Poker 101 primer to Nevada Legislature, who by all appearances needed it – one state rep asking during the hearing for clarification on the difference between “video poker” at a casino and “online poker”.  There were some questionable large quotations of gargantuan customer bases and revenue projections by Applied Analysis, revelations of the wealth iPoker has provided the Isle of Man, and an infomercial reassurances from the Aristotle group (whose client is PokerStars) that their INTEGRITY age verification software could protect Nevada children from gaining access to iPoker.

Or – in short – a whole ton of high-end testimony that the backers of this bill would surely like to have presented. No vote was held in the Assembly Judiciary.  The next step per @RindelAP is that AB258 will proceed to the committee’s “work session” for amendments; date to be announced.

What I was truly intrigued by was the testimony of the “objector”, Pete Ernaut, representing the Nevada Resort Association, who seems to be the public voice for at least some of the Nevada casinos.  Ernaut did not testify against iPoker, but opined that Nevada should not pass their own bill, but rather wait for federal legislation.  He agreed, when questioned, that the federal process may be indeed too slow for Nevada to have competitive advantage.

His solution? A “re-ordering” of things where Nevada doesn’t need new legislation to begin building their advantage, and can begin planning for business without federal legislation like #campbill already in place.  He referred to some previous internet gambling  legislation in November 2001 named AB466 (see full bill text).

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