Online Gambling Regulation Draft Coming Soon

It seems that our neighbours to the South might be getting even close to online gambling legislation. Two hours of public input was taken by the Nevada Gaming Control Board over new proposed regulations in regards to internet poker. Specifically, the proposed regulations would cover all matters of regulations for companies that are interested and looking to set up an online poker business in Nevada.

While this session was going on, there were a few comments offered up from gambling industry representatives, including Nevada slot machine makers, casino operators, and gaming equipment manufacturers. Casino operators present included casino giant, Caesars Entertainment Corporation and Boyd Gaming Corporation. Gaming manufacturers included leading developer of land based casino software, International Game Technology, Bally Technologies and Cantor Gaming.

It was expressed by Mark Lipparelli, Control Board Chairman, that a solid foundation for regulation was already in place. The Nevada Gaming Commission’s November meetings would have additional public hearings, and come December, adoption votes would be taken. If anything changes with legislation covering online poker, there will be some flexibility for The Nevada Gaming Commission.

The online gambling regulation proposal covers various things, including technology approval, audit and record keeping (don’t want a repeat of Black Friday!), and customer enrolment. Regulatory internal controls for online gambling companies are also included, and even a disciplinary process for regulation violations is covered in the proposal. Within the next two weeks, the new draft of the regulations is expected to be available.

 

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