..

Nevada Online Poker Bill Unanimously Approved

Written by:
C Costigan
Published on:
May/20/2011
Nevada Online Poker Bill

Nevada’s online poker bill (AB258) unanimously approved by the state assembly Thursday, but with one important caveat…. There can be no implementation until federal legislation is passed.  AB258 was introduced in March, prior to the indictment of PokerStars.com, the Internet poker firm that initially backed the bill. 

AB258 revises provisions governing the licensing and operation of interactive gaming.  It must now go through the state Senate, where it is also expected to pass.

The Nevada bill provides for residents of states that elect to opt-in the ability to play poker online with a regulated US-based company.  Taxes would be collected at the state level. 

The stripped down bill calls for the Nevada Gaming Commission to develop regulations that would be in effect by January 2012 and work in conjunction with federal legislation.  It also stipulates that online sites would need to have a partnership with an existing non-restricted gambling license holder or an affiliate that has been in business for at least five years.

“Certainly no one in Congress would oppose allowing states greater freedom to explore economic development on their own terms,” argued David G. Schwartz of the Las Vegas Business Press.  “Find me a politician who wouldn't like to simultaneously pass the buck and create some jobs.”

Meanwhile, California Senator Lou Correa has amended his California bill SB40 in an effort to legalize online poker in the state before federal legislation is passed.

Correa says:  “with federal action looming and the market wide open, we have to quickly authorise online poker in California”, adding that “to delay will mean the loss of more than $1.4 billion in new state revenue at a time when it is severely needed”.

- Christopher Costigan, Gambling911.com Publisher

Gambling News

PokerStars News

PokerStars News

Gambling911.com has all your latest PokerStars news

13 Years Later Wife of Online Gambling Tycoon on Trial for his Murder

13 Years Later Wife of Online Gambling Tycoon on Trial for his Murder

Adam Anhang was stabbed to death while walking with his wife in the bustling tourist-infested Old San Juan section of Puerto Rico's largest city in broad daylight.

Can I Bet on FoxBet From Illinois

Can I Bet on FoxBet From Illinois

FoxBet is not yet available in the state of Illinois.  There are other great alternatives, including Jazz Sports, which has been in business since 1994

How do I Start My Own Sportsbook Business Legally? Can it be an LLC?

How do I Start My Own Sportsbook Business Legally? Can it be an LLC?

While it is true that you can, in theory, operate your sportsbook business as an LLC, you will need to pay all your taxes and maintain proper records. It's probably also wise not to file your company name as "Joe's Bookmaking Business".

Pay Per Head Companies, Online Sportsbooks Pushing Bitcoin With Top Bonuses

Pay Per Head Companies, Online Sportsbooks Pushing Bitcoin With Top Bonuses

Check out just about any online sportsbook catering to the North American gambler that operates overseas and you'll find that the bonus offers are more generous for funding with Bitcoin and other cryptocurrencies. This has been the trend for the past two years or longer.

Syndicate