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Nevada Gaming Board looking into regulating Online Casinos

February 10, 2008

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The head of the Nevada Gaming Control Board assumed that only explanation of what is illegal online gaming is essential to begin the regulation of online casinos. Dennis Neilander expressed infront of the state of nevada Judiciary Committee that bills pending before the US Congress allow the state to initiate gaining revenue from online gaming.

The online casinos industry is believed to rake in excess of $16 billion in revenues globally. Recent studies show that, in defiance of the UIGEA ban, US online casino players make up at least 50% of the online casino gambling market. If laws are passed for the regu;lation of online gambling for online casinos USA players, the industry is predicted to explode.

Dennis Neilander stated to the the committee that the future of online gaming is "very much up in the air." He noted that the UIGEA does not go into effect until December 1st, which should be more than enough time for bills by Barney Frank and others to over turn the ban on payment processing.

Dennis Neilander noted that, federal law will be clarified, Nevada could possibly start to regulate all legal online gaming activities, under the same terms it regulates land based casino in the state.

US Congresswoman from Nevada, Shelley Berkley, made a proposal that Congress will conduct a study of the possible advantages and disadvantages of regulating online gaming activities. Neilander commented on Berkley's criticism of the midnight rules applied to the UIGEA, and stated that the Bush administration had conducted a "prohibitionist crusade against online gaming."

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