Online Casino Games Amendment Fails to Become Part of Nevada Tax Bill

04/04/2012
By Pamela PattersonGoogle

Reports had been circulating earlier in the week that an online casino gaming amendment would be an additional component of the Senate’s unemployment payroll tax bill. However, Nevada’s Democrat Senator Harry Reid put the speculation to rest and stated that online poker legislation would not be attached to the bill.

 

Reid, a staunch supporter of the legislation, cited opposition to online casino games by Indian tribes and state lotteries. He also stated that the attempt to combine it with the payroll tax bill added to its failure. The ruling has most likely been pushed into 2013 at the earliest as part of the bigger federal conversation.

 

Chad Beynon, gaming analyst at Macquarie Securities, a global provider of banking, financial, advisory and investment services said, “Nevada stands to benefit from the inaction because it may be the only state that allows Americans to gamble online this year.”

 

“We think the standards were written in a way that will allow for small adjustments as the process moves forward,” Beynon continued. “At this point, no firm date has been set, but 13 companies have now submitted for an operating license.”

 

Beynon believes that top online casino operators and suppliers would continue to advocate for federal legalization of online casino games because they feel that the federal government is better equipped to handle regulation of online casino games than individual states.

 

Online casino games companies trying to make their mark in into the games industry in the US market are likely to turn to Nevada, which has the laws in place, and social gaming on various ‘play for fun’ sites.

 

“Nevada’s Gaming Control Board continues to methodically roll out legalized intrastate gaming and we believe their regulatory board has a great handle on what’s to come,” Beynon said.

 

Although this most recent push for online poker legislation has gone, there are still significant efforts being made on the federal level.

 

 

 

 

 

 

 

 

 

 

 

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