Nevada Moving Forward With Online Gambling Licensing

Nevada Moving Forward With Online Gambling Licensing
The Top Online Casino Gambling News Reporting Organization! The state of Nevada has always been ahead of the game when it comes to gambling in the US. They were the first to build the big, glitzy casino resorts that are now found in dozens of states throughout the country. Nevada also led the way in combining entertainment with casino gambling.Now, as all of the other states are finally catching up to Nevada, the state has taken the next step towards ensuring that they remain the number one gaming destination in the US. This week, according to Poker News Daily, the Nevada State Gaming Control Board announced that they will be taking applications for online gambling licenses beginning in February.This announcement puts Nevada on pace to become the first state in the country to regulate Internet gambling. New Jersey lawmakers passed a bill earlier this year regulating online gambling, but that legislation was vetoed by Governor Chris Christie, leaving Nevada as the only state which currently has an online regulation law on the books.Existing casino operators have begun partnering this year with foreign online gaming companies. The goal was to partner with a company that already has the technology in place to handle the safeguards that will be required upon gaining a license in Nevada. The Gaming Board has already said that the requirements will be strict, and that only operators who meet these requirements will gain a license.Nevada passed their online gambling law earlier this year, with the stipulation that they would not authorize online gambling until the federal government changed their current laws. That process is underway, with several lawmakers proposing bills that would end the country’s prohibition on Internet gambling. Federal legislators are expected to revisit the issue later this year.In Nevada, competition from other US states, and Macau, has caused a sharp drop in revenue over the past several years. Lawmakers see Internet gambling as a way to help rebuild the ailing casino industry on the Las Vegas Strip. Licensed Nevada gaming operators will likely be the first to have a shot at the new online gambling licenses when they are distributed. November 15, 2011Posted By Tom JonesStaff Editor, CasinoGamblingWeb.comSubmit News! US Online Gambling Law Change Could Boost Foreign Gaming Stocks

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