Nevada potential online casino operator

Mon, 24 Aug 2009 12:23
Gambling experts believe Nevada, which legalized casinos in 1931, stands to benefit from the proposed repeal of the ban on online gambling in the USA because the state has investigated and licensed gaming companies and regulated the industry longer than any other jurisdiction. This is good news for those companies in Nevada that are contemplating entering the field of online gambling in the future. According to an article in the Las Vegas Review-Journal, gaming regulators say online operators would be subject to the same licensing fees and tax as the land-based operations, rates that are among the lowest in the US. Current tax for Nevada casinos is 6.75 percent, a pittance compared to some states with rates ranging near the 50 percent mark. Dennis Neilander, chairman of the Nevada Gaming Control Board, said the state's existing laws could easily be tweaked to conform to the proposed federal rules. "We have the enabling legislation in place that would allow us to go forward with the concepts that I've heard are being discussed," Neilander told the Review-Journal. "There are a substantial number of Nevada licensees with experience in the technologies, systems and management of systems that can be used for online gaming," stated Nevada gaming attorney Greg Gemignani. Harrah's has already make moves to prepare for potential entry into an expanded US online casino market, including hiring the former head of PartyGaming to run an online division. Many other operators are clearly anxious to grab any opportunity to move legally into the US, and Nevada's extensive experience with gaming and existing legal framework may prove highly attractive to investors searching for a US base.