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In the United States, the Nevada Gaming Commission unanimously approved a set of proposed regulations on Thursday that would permit companies to apply for licences in order to operate online poker for residents of the western state.
The proposals were widely supported by the industry and require applicants to prove their ability to maintain controls on registration, prevent underage play and establish the location of players before being licensed.
Regulation 5A was one of six draft proposals adopted or amended yesterday by the Nevada Gaming Commission and also addresses what information is to be presented on websites and establishes procedures for record keeping, dispute resolution, fees, taxation and problem gambling notifications.
The Nevada Gaming Commission is already considering applications from six companies in Cantor Gaming, Shuffle Master Incorporated, International Game Technology, Bally Technologies Incorporated, Caesars Entertainment Corporation and the South Point Hotel Casino and officials are optimistic that approving the regulations will lead to technology firms opening operations in Nevada and expanding current business.
The push to legalise online poker in Nevada goes back to mid-March when Las Vegas Assemblyman William Horne submitted his AB258 bill. This proposed legislation was approved by the Nevada Assembly in May before being passed by the Democrat-controlled Nevada Senate and signed into law by Republican governor Brian Sandoval less than a month later.
Yesterday’s public hearing to pass the framework required to implement Horne’s legislation saw no opposition or major amendments as it had already been revised eleven times and state officials now await the repeal of the federal Unlawful Internet Gambling Enforcement Act (UIGEA) before being able to legally license operators.
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Wednesday, December 28, 2011
Tuesday, December 27, 2011
Web gambling gets boost from Obama administration - 26th December 2011
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The Obama administration cleared the way for U.S. states to legalize Internet poker and certain other online betting in a switch that may help them reap billions in tax revenue and spur web-based gambling.
A Justice Department opinion dated September and made public on Friday reversed decades of previous policy that included civil and criminal charges against operators of some of the most popular online poker sites.
Until now, the department held that online gambling in all forms was illegal under the Wire Act of 1961, which bars wagers via telecommunications that cross state lines or international borders.
The new interpretation, by the department's Office of Legal Counsel, said the Wire Act applies only to bets on a "sporting event or contest," not to a state's use of the Internet to sell lottery tickets to adults within its borders or abroad.
"The United States Department of Justice has given the online gaming community a big, big present," said I. Nelson Rose, a gaming law expert at Whittier Law School who consults for governments and the industry.
The question at issue was whether proposals by Illinois and New York to use the Internet and out-of-state transaction processors to sell lottery tickets to in-state adults violated the Wire Act.
But the department's conclusion would eliminate "almost every federal anti-gambling law that could apply to gaming that is legal under state laws," Rose wrote on his blog at www.gamblingandthelaw.com
If a state legalized intra-state games such as poker, as Nevada and the District of Columbia have done, "there is simply no federal law that could apply" against their operators, he said.
The department's opinion, written by Assistant Attorney General Virginia Seitz, said the law's legislative history showed that Congress's overriding goal had been to halt wire communications for sports gambling, notably off-track betting on horse races.
Congress also had been concerned about rapid transmission of betting information on baseball, basketball, football and boxing among other sports-related events or contests, she summarized the legislative history as showing.
"The ordinary meaning of the phrase 'sporting event or contest' does not encompass lotteries," Seitz wrote. "Accordingly, we conclude that the proposed lotteries are not within the prohibitions of the Wire Act."
The department expressed no opinion about a provision in the law that lets prosecutors shut down phone lines where interstate or foreign gambling is taking place.
Many of the 50 U.S. states may be interested in creating online lotteries to boost tax revenues and help offset the ripple effect of a federal deficit-reduction push.
The global online gambling industry grew 12 percent last year to as much as $30 billion, according to a survey in March by Global Betting and Gaming Consultancy, based on the Isle of Man, where online gambling is legal.
Federal prosecutors in April charged three of the biggest Internet poker companies with fraud and money-laundering along with violations of another federal law, the Unlawful Internet Gambling Act of 2006.
The government outlined an alleged scheme by owners of the three largest online poker companies - Full Tilt Poker, Absolute Poker and PokerStars - to funnel gambling profits to online shell companies that would appear legitimate to banks processing payments. (Credit: Google News, Reuters)
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The Obama administration cleared the way for U.S. states to legalize Internet poker and certain other online betting in a switch that may help them reap billions in tax revenue and spur web-based gambling.
A Justice Department opinion dated September and made public on Friday reversed decades of previous policy that included civil and criminal charges against operators of some of the most popular online poker sites.
Until now, the department held that online gambling in all forms was illegal under the Wire Act of 1961, which bars wagers via telecommunications that cross state lines or international borders.
The new interpretation, by the department's Office of Legal Counsel, said the Wire Act applies only to bets on a "sporting event or contest," not to a state's use of the Internet to sell lottery tickets to adults within its borders or abroad.
"The United States Department of Justice has given the online gaming community a big, big present," said I. Nelson Rose, a gaming law expert at Whittier Law School who consults for governments and the industry.
The question at issue was whether proposals by Illinois and New York to use the Internet and out-of-state transaction processors to sell lottery tickets to in-state adults violated the Wire Act.
But the department's conclusion would eliminate "almost every federal anti-gambling law that could apply to gaming that is legal under state laws," Rose wrote on his blog at www.gamblingandthelaw.com
If a state legalized intra-state games such as poker, as Nevada and the District of Columbia have done, "there is simply no federal law that could apply" against their operators, he said.
The department's opinion, written by Assistant Attorney General Virginia Seitz, said the law's legislative history showed that Congress's overriding goal had been to halt wire communications for sports gambling, notably off-track betting on horse races.
Congress also had been concerned about rapid transmission of betting information on baseball, basketball, football and boxing among other sports-related events or contests, she summarized the legislative history as showing.
"The ordinary meaning of the phrase 'sporting event or contest' does not encompass lotteries," Seitz wrote. "Accordingly, we conclude that the proposed lotteries are not within the prohibitions of the Wire Act."
The department expressed no opinion about a provision in the law that lets prosecutors shut down phone lines where interstate or foreign gambling is taking place.
Many of the 50 U.S. states may be interested in creating online lotteries to boost tax revenues and help offset the ripple effect of a federal deficit-reduction push.
The global online gambling industry grew 12 percent last year to as much as $30 billion, according to a survey in March by Global Betting and Gaming Consultancy, based on the Isle of Man, where online gambling is legal.
Federal prosecutors in April charged three of the biggest Internet poker companies with fraud and money-laundering along with violations of another federal law, the Unlawful Internet Gambling Act of 2006.
The government outlined an alleged scheme by owners of the three largest online poker companies - Full Tilt Poker, Absolute Poker and PokerStars - to funnel gambling profits to online shell companies that would appear legitimate to banks processing payments. (Credit: Google News, Reuters)
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Saturday, December 03, 2011
Facebook To Enter Into Real Money Online Poker? - 1st December 2011
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Rumors were abuzz yesterday about the possibility of the social networking behemoth Facebook entering into the online poker arena, but it may be that was the extent of the issue…simply rumors.
According to the popular blog “Friending Facebook” written by Emil Protalinski on ZDNet.com, Facebook has been rumored to be in discussions with several outlets regarding the future of online poker on the site. Currently, Facebook only offers “credits” that players can purchase to use to play a multitude of games that the site promotes, but it hasn’t stepped into the realm of a “real money” offering. Protalinski details out how some of the buzz regarding the possibility of Facebook stepping into online poker has gotten started.
Apparently, clandestine meetings were held over the summer between Facebook and “approximately twenty online gaming experts, consultants and social gaming entrepreneurs,” according to Protalinski. If this were to become a reality, it would happen at some point within the first three months of 2012, with the potential for up to eight licenses to be offered to potential online gaming operations through Facebook.
Protalinski notes, via eGaming Review Magazine, that two of those potential outlets have already been named as potential licensees. One of the top game developers, Gamesys, is potentially in the running for one of those licenses. Gamesys, which has been in the online gaming industry since 2001, offers bingo software as well as games based on television shows such as The Price Is Right and Deal or No Deal. The company also has a contract with Caesars Entertainment for CaesarsBingo.com.
The other operation named specifically as a potential suitor for Facebook also has connections with Caesars Entertainment, the owners of the World Series of Poker. 888 Holdings PLC, founded in 1997 and the ownership behind such offerings as 888Poker.com and the Caesars Entertainment owned WSOP.com online poker site, is rumored to be one of the companies at the front of the line for a potential Facebook partnership. 888Poker is currently the fourth ranked online poker network in the industry, having a seven day average of 2150 cash game players, according to PokerScout.com.
Protalinski points out several issues that will have to be overcome before any such partnerships can reach fruition. Age verification issues, something that anti-online gaming zealots have said would be problematic, are something that Facebook would have to deal with, as people do not always put their year of birth on their Facebook record for privacy reasons. Finding an outlet that could process real money transactions at a bulk rate would also be problematic as well as how Facebook and any partners would divvy up the proceeds.
In looking at how Facebook handles its “credits” transactions, Protalinski points out some significant numbers. Protalinski states that Facebook takes a 30% cut of revenues earned through the purchases of Facebook Credits, with the remaining 70% going to the developers of the games. To possibly see how much money is potentially involved in this partnership, PartyGaming – before it joined forces with Bwin early this year – pulled in $497.9 million in revenue in 2010. If that type of activity was seen with a Facebook gaming site – and using the same percentages as Facebook currently operates under – it would mean Facebook would make approximately $149.3 million and their partner company would pull in $348.5 million.
For American citizens, however, there is no glimmer of hope. Real money online poker through Facebook isn’t an option per the current status of online gaming in the United States. The offerings would first be done in the United Kingdom and potentially branch out to the rest of the world, Protalinski reports.
Then again, this could all just be conjecture. Protalinski contacted Facebook officials regarding this issue and quoted a representative of Facebook as saying, “We’re always in discussions with companies about lots of different ideas, but we don’t comment on future plans or speculation.” After the ringing in of the New Year, however, we may learn if these plans are true or false. (Credit: Poker News Daily)
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Games Gaming Casinos Poker Facebook Casino Legal Social Media Sydney Australia News Financial News Casino News Poker News Entertainment News
Rumors were abuzz yesterday about the possibility of the social networking behemoth Facebook entering into the online poker arena, but it may be that was the extent of the issue…simply rumors.
According to the popular blog “Friending Facebook” written by Emil Protalinski on ZDNet.com, Facebook has been rumored to be in discussions with several outlets regarding the future of online poker on the site. Currently, Facebook only offers “credits” that players can purchase to use to play a multitude of games that the site promotes, but it hasn’t stepped into the realm of a “real money” offering. Protalinski details out how some of the buzz regarding the possibility of Facebook stepping into online poker has gotten started.
Apparently, clandestine meetings were held over the summer between Facebook and “approximately twenty online gaming experts, consultants and social gaming entrepreneurs,” according to Protalinski. If this were to become a reality, it would happen at some point within the first three months of 2012, with the potential for up to eight licenses to be offered to potential online gaming operations through Facebook.
Protalinski notes, via eGaming Review Magazine, that two of those potential outlets have already been named as potential licensees. One of the top game developers, Gamesys, is potentially in the running for one of those licenses. Gamesys, which has been in the online gaming industry since 2001, offers bingo software as well as games based on television shows such as The Price Is Right and Deal or No Deal. The company also has a contract with Caesars Entertainment for CaesarsBingo.com.
The other operation named specifically as a potential suitor for Facebook also has connections with Caesars Entertainment, the owners of the World Series of Poker. 888 Holdings PLC, founded in 1997 and the ownership behind such offerings as 888Poker.com and the Caesars Entertainment owned WSOP.com online poker site, is rumored to be one of the companies at the front of the line for a potential Facebook partnership. 888Poker is currently the fourth ranked online poker network in the industry, having a seven day average of 2150 cash game players, according to PokerScout.com.
Protalinski points out several issues that will have to be overcome before any such partnerships can reach fruition. Age verification issues, something that anti-online gaming zealots have said would be problematic, are something that Facebook would have to deal with, as people do not always put their year of birth on their Facebook record for privacy reasons. Finding an outlet that could process real money transactions at a bulk rate would also be problematic as well as how Facebook and any partners would divvy up the proceeds.
In looking at how Facebook handles its “credits” transactions, Protalinski points out some significant numbers. Protalinski states that Facebook takes a 30% cut of revenues earned through the purchases of Facebook Credits, with the remaining 70% going to the developers of the games. To possibly see how much money is potentially involved in this partnership, PartyGaming – before it joined forces with Bwin early this year – pulled in $497.9 million in revenue in 2010. If that type of activity was seen with a Facebook gaming site – and using the same percentages as Facebook currently operates under – it would mean Facebook would make approximately $149.3 million and their partner company would pull in $348.5 million.
For American citizens, however, there is no glimmer of hope. Real money online poker through Facebook isn’t an option per the current status of online gaming in the United States. The offerings would first be done in the United Kingdom and potentially branch out to the rest of the world, Protalinski reports.
Then again, this could all just be conjecture. Protalinski contacted Facebook officials regarding this issue and quoted a representative of Facebook as saying, “We’re always in discussions with companies about lots of different ideas, but we don’t comment on future plans or speculation.” After the ringing in of the New Year, however, we may learn if these plans are true or false. (Credit: Poker News Daily)
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