Nevada Gaming Commission Proposed Regulations for Interactive Gaming - Page 7 - Poker News Headlines

**Professionalpoker** · 02-16-2012, 03:23 AM

Here is a tidbit. When a players funds are forfeited due to a rules violation, whatever funds that were not distributed to the folks that were cheated, the site gets to keep. Personally I think the state should get it but the lobbying power of the casinos/game designers is strong.

midas · 02-16-2012, 09:31 AM

Quote:

Originally Posted by Professionalpoker

Here is a tidbit. When a players funds are forfeited due to a rules violation, whatever funds that were not distributed to the folks that were cheated, the site gets to keep. Personally I think the state should get it but the lobbying power of the casinos/game designers is strong.

Which state - Nevada or the players states?

Also, how does an Ipoker site police OPTAH?

**PokerXanadu** · 02-16-2012, 09:32 AM

Quote:

Originally Posted by Professionalpoker

Here is a tidbit. When a players funds are forfeited due to a rules violation, whatever funds that were not distributed to the folks that were cheated, the site gets to keep. Personally I think the state should get it but the lobbying power of the casinos/game designers is strong.

So pretty much status quo like the foreign regulatory body jokes - LGA, Kahnawakee, Alderney, etc. Just like now with the offshore sites, NV-licensed sites will be able to close accounts for "rules violations" and keep the money. That's disturbingly disgusting.

**Professionalpoker** · 02-16-2012, 11:01 AM

Quote:

Originally Posted by midas

Which state - Nevada or the players states?

This thread is about Nevada regulations.

Quote:

Also, how does an Ipoker site police OPTAH?

This is something that has always been impossible to enforce in ipoker.

midas · 02-16-2012, 12:32 PM

So if certain apects of poker that are enforced in B&Ms cant be enforced in Ipoker how are Gaming regulators going to resolve this? Will they make you sign a waiver absolving them of liability?

LT22 · 02-16-2012, 04:31 PM

Online poker has its own regulations. It is NOT live B&M poker

midas · 02-16-2012, 05:03 PM

Quote:

Originally Posted by LT22

Online poker has its own regulations. It is NOT live B&M poker

How did that "regulation" work for FTP players? This is the U.S., no gambling occurs without state regulatory oversight. All gambling occurs on a level playing field with full disclosure and security to protect both casinos and patrons. To think that any regulatory agency will allow players to have an unfair advantage over another besides skill is just dreaming. You can't even count cards in Vegas, I just don't see regulated Ipoker being even close to what it once was.

LT22 · 02-16-2012, 05:30 PM

The regulations are proposed...I suggest you read them. They make sure casinos have enough cash/reserves. They allow multiple tables and HUDs (choice is up to the site)

LT22 · 02-16-2012, 06:32 PM

New article: http://www.cardplayer.com/poker-news...dustry-details

Minimum Internal Control Standards (NEW): http://gaming.nv.gov/documents/pdf/m...v6_12feb14.pdf

Technical Standards (I think these have been out for a while): http://gaming.nv.gov/documents/pdf/t..._6_12jan27.pdf

Quote:

If the verification process fails, a player forfeits their winnings to the casino. The amount deposited will be refunded.

this is different than the status quo, you lose everything on offshore sites

Quote:

Withdraws from online poker accounts will be completed within five days.

Quote:

Operators will try and ensure that funds deposited via one financial institution are not withdrawn to a different financial institution.

no player-to-player transfers (I think we knew that)

sluggger5x · 02-16-2012, 06:34 PM

Quote:

this is different than the status quo, you lose everything on offshore sites

A pretty nice freeroll.

LT22 · 02-16-2012, 06:48 PM

Quote:

Originally Posted by sluggger5x

A pretty nice freeroll.

I don't think it's a freeroll. If you lose your deposit, you lose your deposit (I assume, don't have time to read the pdfs right now). If you win, you don't get any of the winnings.

Net downside w/ no upside

**Professionalpoker** · 02-16-2012, 08:34 PM

Not exactly. If an under age or other fails verification and lost money, they will only get back the remaining balance, if any. Not what they lost. If they win, the site keeps the winnings and returns the original deposit. Don't see any upside to play if you can't verify.

BigAl123456 · 02-17-2012, 12:12 AM

Interesting looks like you will be able to change your SN.

Quote:

81. An interactive gaming account cannot be set up with an anonymous or fictitious name, but may be associated with one or more fictitious “screen names” to be used while engaging in interactive gaming provided that the operator complies with MICS #75(a).

http://gaming.nv.gov/documents/pdf/m...v6_12feb14.pdf

LT22 · 02-17-2012, 01:22 AM

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84. Interactive gaming account deposits received via mail are documented on a listing indicating the following:
Authorized player’s name on account to which the deposit is being applied and the name of individual making the deposit (if made by other than the authorized player)

really?

Quote:

88. For withdrawals, a transfer of funds from an authorized player’s interactive gaming account to an account
with a financial institution is to be made to an account in the name of the authorized player

so they're going to allow people to make deposits to other people's accounts, but only payout to the person listed on the account. This would seem to allow staking (and fraudulent deposits?)

Josem · 02-17-2012, 05:08 AM

Quote:

Originally Posted by PokerXanadu

So pretty much status quo like the foreign regulatory body jokes - LGA, Kahnawakee, Alderney, etc. Just like now with the offshore sites, NV-licensed sites will be able to close accounts for "rules violations" and keep the money. That's disturbingly disgusting.

France has a good rule on this issue - any money confiscated from players for rules violations must be redistributed to other players.