Real-Money Online US Poker Approved
24 August 2012
With unanimous approval by the Nevada Gaming Commission, South Point Poker LLC became the first U.S. casino to be licensed to operate a real-money, intrastate poker website.
What makes this inaugural member so special? Because South Point Poker is not only the developer of its own online poker software, it is also holding current licenses as an interactive gaming manufacturer and as a service provider. “We built this home-grown in Nevada from scratch, to the regulations,” stated Lawrence Vaughan, CEO of South Point Poker.
South Point is also a brick-and-morter hotel and casino in Las Vegas, which is also home to an equestrian center, 16-screen movie complex, and 64-lane bowling alley. Spring-boarding into online gaming doesn’t seem as much of a stretch given the number of amenities currently available to its clients.
South Point Poker wasn’t the only one to receive a US online gambling license on Thursday. Reno’s Monarch Interactive, Inc received an operators license, and Global Cash Access, Inc received a license to provide online payment services.
Of course, just because South Point Poker has a license doesn’t mean it’s free and clear to operate. All operations will be watched closely, from the ability to handle a large influx of players during its launch to its day-to-day verifications and payment processing. “We want to make sure it’s done correctly because what you do might have an impact on what others do later,” Commission Chairman Peter Bernhard told the representatives of South Point Poker.
“Others”, of course, is referring to the 30+ companies who have pending license applications in the state of Nevada, according to the recent Las Vegas Review-Journal article.
While South Point Poker is available now for free, legal US poker, it expects to open its virtual doors to real-money play in mid-October.