As reported by the Las Vegas Review Journal (LVRJ) online this week, the details of a proposed national online gaming and gambling bill are now a matter of public record. While the bill has been tweaked and reworked on several occasions to garner more support, this is the first time that bill specifics have been released. LVRJ reporter Steve Tetreault first revealed the release of the bill’s outlines on the 14th, and recently updated the information on Monday, 17 September. Several key senators have attempted to reshape online wagering by legalizing poker over the Internet but outlawing most other forms of Internet gambling. That is the summation of the details that were “leaked” to the World Wide Web in the four-page document that spell out important details of the current bill.
Casino
Online Gambling Crushed Hollywood Receipts in 2011
Online poker and other forms of gambling were illegal in the United States in 2011. Similar laws were in force in multiple European and Asian countries around the world as well, yet Hollywood movies are promoted, shipped to, and viewed in every corner of the globe. And yet even so, Hollywood barely matched a mere 20% of the amount of income created by online wagering and gambling in 2011 in South America alone. Hollywood movies grossed a little under $26 billion worldwide in 2011, but online gaming in poker rooms, casinos, bingo halls and sportsbooks in just South America totaled more than $124 billion.
Nevada Game Developer Betting on Internet Gambling Jackpot
With Delaware and Nevada both now preparing to offer online poker legally for the first time in the United States, companies are lining up to try to get a piece of the billion-dollar online gambling pie. 3G Studios is one such game developer based in Reno, Nevada and they are betting heavily that online gambling will be more than a passing fancy in the United States and abroad. They are a privately held company who recently hired more than 75 contractors in China and India, and stateside they have 47 US employees.
Nevada Gaming Policy Committee Clears Up Online Poker Bill
The 11 members of the Nevada Gaming Policy Committee are headed by that state’s Governor, Brian Sandoval. On Wednesday, July 25 they will meet for a special session in Las Vegas, Nevada to discuss proposed recommendations for future legislative sessions concerning their online poker policy. Nevada was the first state to pass legalized online poker play within its state boundaries for its residents and visitors after the United States Department of Justice passed that responsibility on to the state level in late 2011. The committee has frequently stated that their intent is to keep Nevada at the front of the online poker industry in the US, positioning that state as a leader both financially and technically.
Nevada and Delaware Racing to Offer First-Hand of Online Poker in the US
On December 23 of last year, the United States Department of Justice reversed their long standing position on the legality of online poker in the United States. Considering any online gaming for money in the past as illegal, just two days before Christmas of 2011 the US DOJ delivered a holiday present of their new ruling that allows each individual state to develop and regulate their own online poker policy. Nevada has long been the cornerstone of gambling in the United States, and they quickly passed legislation allowing legalized online poker play for their residents and visitors, the first state to do so.
Delaware 1st State to Legalize Online Casino Gambling
Nevada made history earlier this year in the United States as the first state to legalize playing online poker for money within their state boundaries. Residents and visitors to the Silver State will be able to shuffle up and deal virtually for the first time since the United States Department of Justice mandated in December of last year that online gambling should be regulated by each individual state. But Delaware trumped Nevada with their legislation signed Thursday by Governor Jack Markell that approved not only poker, but all online casino gambling within that state’s borders.
Stockton California Bankrupt – Can Online Gambling Save CA
Stockton California this week became the largest city in the history of the United States to declare bankruptcy. But if online poker had been adopted in California, could this have been prevented? With state debts piling up nationwide, the regulatory and licensing fees alone could provide a much-needed shot in the arm for states struggling to finance their governments. And with millions of Americans already participating in online gambling every day, why not allow that money to stay here at home and benefit us in our own backyards?
New Jersey Wins Another Big Online Poker Hand
New Jersey legislators on Monday, June 18 approved an Internet gaming bill by a vote of 6 – 0 – 3. That is important for several reasons, but mostly because the statehouse goes dark as soon as the state budget is resolved, with the earliest possible date being June 30. The specifics of the bill dictate that Atlantic City casinos could become hosts of online poker play, and every step forward is one step closer to New Jersey becoming only the second state to ratify legislation allowing legalized Internet gaming for their residents and visitors.
Delaware Inches Closer to Online Poker with House Passage
As reported here last month, the House Gaming and Parimutuels Committee in Delaware voted on May 17 to pass a proposed online gaming bill forward to the House of Representatives in that state. Approval by the Delaware Gaming Authority doesn’t mean automatic acceptance of the bill by the House, but it is an important first step nonetheless. After the bill sponsors got together and made two amendments to House Bill #333, the resulting piece of legislation was evidently satisfactory to ensure passage, as the vote was a resounding 29 to 8 in favor.
Bally Positioning for NGC Decision – Strikes Web Poker Deal
You may recall last week we reported that Bally Technologies had been unanimously approved by all members of the Nevada Gaming Control Board (NGCB) to receive the first ever interactive gaming supplier license in that state. Ever since Nevada passed legalized online poker legislation for its residents and visitors earlier this year, companies have been in a mad rush to court the NGCB, in the hopes of becoming the first to secure an online poker gaming license in that state. The US Department of Justice (DOJ) in December of last year reversed their years-old opinion on the legality of online gambling in the United States, and now allows each individual state to decide its online gambling future.