Is Nevada still the national leader in gaming regulation?
By Richard N. Velotta, Las Vegas Sun
By the end of this week, Nevada is expected to be the first state in the nation to have regulations in place for Internet poker play.
It’s historic. It’s indicative of the state’s leadership role in the gaming industry.
And some say it will be a big step toward bringing new technology companies to the state.
Of course, it would be much more meaningful if online poker play weren’t against the law in the United States. Federal law enforcement officers haven’t been picking on players who participate in online card games. But they have clamped down on banks that handle the financial transactions and operators of poker websites.
Nevada and other states are gearing up to regulate it only if and when federal lawmakers approve legislation removing those barriers.
In the weeks leading up to consideration of the new regulations, Nevada has received lots of attention for its leadership role. A recent Internet gambling conference in Las Vegas referred to Nevada as “the gold standard of gaming regulation.”
But is it?
Since Nevada legalized casino gambling in 1931, 21 states have followed suit, with most of them joining the club between 1989 and 2008. Not only is Nevada the oldest commercial casino jurisdiction in the country — New Jersey, at No. 2, first legalized gaming operations in 1976 — it’s also the largest by far, with 256 casinos and gross gaming revenue of $10.4 billion in the 2010 fiscal year.
No they are Not.
You think these big building are empty ,wait till Internet gaming gets it’s foot solidly in the door.
Artificial intelligence gambling will do this state in along with other places back east,the companies themselves may make more money but less will go into working humans pockets and you don’t have to tip Internet machines,that part the economy in gambling industry.
A good example would be the porn magazines,they use rake in big bucks and lots stores,paper vendors sold them, now it more less free to anyone who carries a hand held device. ItPut Lot’s people out work and more than make the companies richer.
Hard to compete with the web,it’s products are cheaper,more convenient,comes to the door.