Nevada Beats New Jersey to the Punch in legalizing online gambling.
22 February 2013
If there was a race to legalize online gambling in the United States, Nevada may have just won it. Governor Brian Sandoval signed AB114 on Thursday, putting the final approval on legislation that legalizes online gambling in Nevada and allows the state to enter into compacts with other states for online poker.
“This is an historic day for the great state of Nevada,” Sandoval said in a Washington Post article. “Today I sign into law the framework that will usher in the next frontier of gaming in Nevada.This bill is critical to our state’s economy and ensures that we will continue to be the gold standard for gaming regulation.”
The bill flew through both the Nevada Assembly and the Senate before being autographed by Sandoval, who is a former chairman of the Nevada Gaming Commission.
While Nevada is considered by some (if not most) to be at the forefront of gambling regulation and expertise, it’s population doesn’t provide it enough players to really power the online gambling machine. The success of the online poker legislation will depend on how many states it can partner with to provide an expanded customer market.
The race to the online gambling finish line was primarily with Nevada’s East Coast “rival”, New Jersey, who is just days away from passing its own legislation. The difference between the two states may be more than just the amount of time it took to pass the bills; where Nevada will only offer online poker, New Jersey may have a market for other online casino games, like bingo and slots.
Both will need other states to join in to survive, however, and that will be the next step in the game as gambling regulators figure out compact parameters and negotiations.
14 May 2010Canadian Man Pleads Guilty in U.S. Online Gambling Charge
Douglas Rennick, a Canadian man, has pleaded guilty to a count of processing offshore bets of U.S. citizens. Originally Rennick was looking at a charge of conspiracy and bank fraud. He had allegedly laundered $350 million dollars for overseas internet gambling companies. Rennick was indicted in August and on Tuesday entered a guilty plea to the one charge in New York Federal court. Part of the plea was forfeiting $17.1 million and a possible prison term of 6-12 months.Read full article
02 June 2010France to Award 30 Licenses for Online Gambling
Today the government of France approved a new online gambling bill. The bill passed the French parliament by a narrow 299-233 vote. The French will grant only 30 licenses to operate online casinos and poker rooms within its borders. Though it is now official and France says that licenses will be granted in time for the 2010 World Cup, not everyone is excited about the French market.Read full article
09 June 2010France Issues 11 Licenses For Online Gambling
France acknowledged that 11 companies have been granted license and have been registered to conduct online sports and horse race betting as well as online poker within France. According to Arjel president Jean-Francois Vilotte, the regulator of gaming in France, “There were 35 requests for licenses and we have retained 17 at this stage. None have been formally rejected.Read full article