Nevada is on the fast track to dominate online gambling and Zynga is first in line for approval, the clock is ticking - GET ON BOARD!
Sentiment: Strong Buy
In the state of Nevada, residents have the option to play online poker, but if you do not live in the state, then tough luck. However, this may change, as a new proposal has appeared which would make online interstate poker a reality without federal legislation or approval. The new measure would give the governor the final say to offering other states the option of joining a shared player pool.
The new drafted bill has been submitted to legislature and states that the Gaming Control Board of Nevada would like to change the interactive gaming regulatory language so that the governor of the state has the option to discuss agreements with other states that have legalized online poker. The states could then join together and offer a large, interstate player pool.
Currently, the interactive gaming regulations in the state allow online gambling only to those who are located within the borders of the state. With the suggested changes, the Assembly Bill 5 would change this. The Control Board consulted with the governor’s office to draft the bill and try to see this option come to life.
A.G. Burnett, the Chairman of the Control Board in Nevada, stated on Monday that the language of the bill is beneficial to the state because Congress is not offering federal legislation to legalize online poker options. However, several states are getting on board with online gambling, creating legislation for their state. Burnett stated: “The need to make clear the governor’s ability, should he choose to negotiate such agreements, was paramount. I don’t know if there are specific negotiations right now.”
Currently, seventeen casino operators as well as technological providers have been approved for an interactive license in the state. More approvals are in the works as we go to print. Online poker sites could be ready as early as spring in Nevada and if this measure is passed, the state would be able to offer their online gambling options to those located outside of the state. We will keep a close watch on this and report when more information is released.
Its looking good. Taking from the same article.
Addressing the state legisalture in Carson City on Wednesday, January 16, the Republican said Nevada’s primary industry, gaming, was “rich with promise.”
“Nevada was the first state to legalise and regulate online gaming. In the absence of federal action on this issue, Nevada must continue to lead,” said Sandoval.
The governor said the Nevada Gaming Control Board would “bring legislation to eliminate Nevada’s statutory barriers to interstate online poker and ask for authority to enter into interstate agreements.
“Nevada has always been the gold standard of both gaming regulation and operation and I intend to see to it that our state will lead the world into this new frontier,” he said.
“Other states are moving quickly on this issue and I ask you to pass a bill within 30 days.”
Sentiment: Strong Buy