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  Terms & conditions for online poker licenses implemented by Nevada

LAS VEGAS, Nevada – The terms and conditions to seek licenses for poker websites have been accepted unopposed by the Nevada Gaming Commission on Thursday. The fresh rules would facilitate the State to receive huge revenues from the online poker activities, provided the ban on the Internet Gambling is lifted by the state. Applications for the licenses have been received from many prominent operators, e.g. Boyd Gaming Corp & Caesars Entertainment Corp and gaming apparatus manufacturers like Bally Technologies, International Game Technology and Cantor Gaming. It is mandatory for the Online Poker sites to maintain considerable amount of cash against the customers’ deposits, adhere to the standard practices to check scam/other illegal acts and also avoid money–laundering. Bill Lerner, the Union Gaming Group analyst termed the commercialization of online poker as a 2013 event. He added that it may seem trivial within Nevada but would prove role-model for other states. Before taking the final decision, public opinion was sought and it took more than 1 ½ hours for the whole process that was passed by 4-0 votes. It included review of the online gaming concerns and legal initiatives against the violators. The voting process was appreciated by many persons who represented various gaming concerns in spite of the fact that online poker has not been recognized in the United States in terms of its legal status.


   2011-12-31






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