From the Las Vegas Sun:
Nevada entered the Internet gambling era Thursday when the Nevada
Gaming Commission unanimously approved licenses for two leading gaming
equipment manufacturers to provide online systems to play poker on the
Internet within the state.
The U.S. Justice Department has determined Internet gambling across
state lines is illegal, but several states have interpreted the
decisions to allow online play within the borders of a state where
gambling is legal.
Las Vegas-based Bally Technologies was the first company to be
licensed for Internet gambling. Less than an hour later, International
Game Technologies, Reno, also was licensed.
Richard Haddrill, CEO of Bally Technologies, said his company has
contracted with the Golden Nugget to provide an Internet poker product
and, after a routine testing process by regulators, expects it to be
ready for play by the end of the year or early 2013. He said the company
is negotiating with other prospective customers.
Robert Melendres, executive vice president of emerging businesses for
IGT, said his company also is on track to provide its system to
The state’s online gaming regulations require that licensees prove that
their systems are capable of identifying players by location and that
players are of legal age. Companies also are required to safeguard
against money laundering, problem gambling and player collusion.
To me, this is not good. Right now, you have to make some kind of effort to lose money to a casino. You have to get dressed, go to the casino, find a slot machine and then play the games. After you lose you money, you have to make it back home.
Now, all you have to do is get out of bed and play a few games and then you lose your money, with no effort at all.
There are going to some major problems with this and I hope that the U.S. Congress repeal the video poker games.