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About The Bear

LV Bear is a longtime advantage player based in Las Vegas with extensive knowledge of the gaming industry.

The comments were originally made in the free newsletter and/or the Green Chip member pages. Some of the comments were also published in the newsletter.

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Bear Praise: Nevada gets it right this time

By LVBear | March 13, 2011

The Legislative Building

Some clear thinking (at least on this issue) Nevada politicians have introduced Assembly Bill 258, which provides for Nevada regulating online poker to the degree reasonably possible. Unlike some other bills designed to be punitive to the existing online gaming companies, this bill states:

The Board shall not recommend denial of, and the Commission shall not deny, a license to an operator of Internet poker or to a manufacturer of interactive gaming systems, a manufacturer of equipment associated with interactive gaming systems or an interactive gaming service provider solely because the operator, manufacturer or interactive gaming service provider, before the effective date of this act, operates, operated or was associated with, in interstate or foreign commerce and while licensed by another jurisdiction, one or more Internet poker operations which were unlicensed in the United States or the State of Nevada and in which bets or wagers were initiated, received or otherwise made by persons located in the United States.

These politicians, or whoever drafted this bill for them, understand that getting the online industry off the ground in Nevada will necessitate the involvement of the large companies already experienced in other jurisdictions. Rather than to try to “punish” those pioneering companies for legally operating outside of the U.S., this bill encourages them. This is clearly the correct approach.

AB258 is nowhere near its completed form. Let’s hope as the bill winds it way through the legislative process, the common sense approach now embodied in it remains. This legislation is a breath of fresh air for Nevada. This is something that could result in Nevada becoming the U.S. center of online gaming, as Nevada once was the undisputed leader of the brick-and-mortar casino industry, before mismanagement and corporate greed severely harmed it.

Let’s hope for the best with this; Nevada needs the revenue and new jobs that could be created. Though it’s a long shot, I hope that this will kick open the door for all online gaming, particularly sports betting. The Nevada sportsbooks need some “legal” competition to force them to offer their patrons a better deal; maybe breaking up their existing cartels, which unfortunately our regulators failed to do when they had the chance.

Congratulations to all involved with Assembly Bill 258, and good luck with it.

Topics: Bear Praise, Las Vegas, Nevada Gaming Control Board, Nevada Politics, Online Gaming, Sports Betting | No Comments »


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