Big casino companies are usingNevadaas internet gaming insurance.Nevadais on the verge of initiating an intrastate industry but casino companies want more in terms of legalization. The industry feels the effective population inNevada, which consists of tourists and residents, is not sufficient to make online poker worth it. A federal bill that authorizes state-by-state patchwork or nationwide online poker is the solution to this liquidity problem.
The American Gaming Association, which is the main group in the Beltway, is trying hard to pass a federal bill. Frank Fahrenkopf, the President of the group, gave an update to the Nevada Gaming Policy Committee recently. He told the panel, which comprises of 11 members, that state compacts for online poker probably will not be so simple if a federal regime is absent. Fahrenkopf opines that the U.S Congress holds the rights to deny or approve and intrastate deal, although the right has not been exercised in the past.
He added that in a controversial issue like the present one, some politicians would like to interfere. Fahrenkopf represents over 20 casino companies. Other concerns that he expressed were regarding lotteries overseeing intrastate markets. According to Fahrenkopf most directors of state lotteries only want their lottery to have the right to operate online gaming, which will lead to a monopoly causing tribal and commercial casinos to shut down. A few lawmakers inIllinoisare considering permitting the lotto to operate online casino games.
The state of web poker legalization
Two bills that are currently in the Congress look like they are not going anywhere. The AGA has hopes that a new bill will be introduced, which will provide authority solely to web poker. But the chances of this bill passing seem unlikely. Certain federal lawmakers hold the view that gambling is being in hell with the devil for eternity. Fahrenkopf also reflected on some religious allegories put forth by Gov. Sandoval, which referred to Fahrenkopf’s presentation ‘enlightening.’
The most recent meeting regarding online poker legalization that lasted under 2 hours was witnessed by around 50 people and madeNevadalook good as other states are not even close to legalizing online poker. Recently web poker applications for International Game Technology and Bally Technologies were approved. Before their technology gets inspected they will go to the Gaming Commission for a final approval next week.
Over 30 businesses are applying to enterNevada’s online poker scene. According to Gov. Sandoval,Nevadais possibly the nerve center for web gaming in the U.S in the future. Although the Gaming Policy Committee comprises of gaming’s big hitters, the sole power to make decisions does not lie with them.
The Assembly Bill 258 has a clause that statesNevadahas to wait for a DoJ or federal bill authorization to start online gambling intrastate. The clarification of the Wire Act in 2011 is largely considered to have given an OK to the intrastate, butNevadastill wants to ensure that there isn’t any obstruction.