Las Vegas Beefs Up on E-Gaming LawsPublished July 31, 2002 by OCR Editor
The Las Vegas gaming trade is supporting a pronouncement made by the Nevada Gaming Commission, in an attempt to toughen up on casino venues and offshore directories that promote and market within the state.
In an effort to limit online sports wagering, the Federal government is currently employing the 1961 Wire Act, which primarily was outlined as an anti fraudsters gauge. Nevada's elected representatives approved a bill last year that would permit online gambling considering the fact that federal laws may change; excluding that legislation was not obligatory. The New Jersey Gaming Commission as well, implemented the act, taking legal action against a handful of sports directories that marketed and promoted their names on public ads outside Atlantic City.
In the interim, a number of gaming software producers such as Cryptologic have been referred to as co-supporters, opposing the offshore operators.
High profiled gaming venues such as MGM Mirage, Mandalay Resort Group and Harrah's Entertainment have been swayed away from taking part in the marketplace due to the threat of federal restrictions. Although the gaming panel law forbids online gaming operators to set ground in Nevada, at present the US marketplace holds almost 70% of the globe's e-gaming bustle.