The Nevada Gaming Commission has officially awarded the first gaming license to operate poker within the state and makes gambling history in the United States as the first State to regulate online poker.
South Point Casino, an off-Strip casino, becomes the first operator to be awarded the Nevada license for online poker and the company hopes to be ready to take on players as early as October and the site will go by the name South Point Poker.
South Point decided to go with in-house software instead of using software provided by foreign companies like most other operators and as a result is out in front on the industry thanks to its decision.
A technology expert for the company told regulators, “We built this home-grown in Nevada from scratch, to the regulations.” South Point has “pretty cool technology” for Geo-location, one of the key issues for intrastate gambling in cyberspace.
Representatives of the company answered a number of questions from commissioners with regards to player age verification, self-exclusion lists, dealing with problems and quickly satisfying inquiries from customers and regulators. The company also told the gaming commission that the company will keep a list of people it declines and will make it available to regulators and law enforcement agencies.
Because South Point is first its operations will be under the microscope. The company representatives assured commissioners that the company has taken precautions to make sure it could handle a large influx of players when it launches because it will be the first website in the market.
“We want to make sure it’s done correctly because what you do might have an impact on what others do later,” Commission Chairman Peter Bernhard said.
Also on Thursday, Monarch Interactive Inc. of Reno, whose investors control the Atlantis casino-resort in Northern Nevada, received an operator’s license. Also, Global Cash Access Inc. was licensed to provide online payment services. Global Cash Access, which provides ATM and credit services in brick-and-mortar casinos, will provide the method for South Point online poker players to buy and redeem chips.
While the first casinos to secure online licenses, South Point and Monarch Interactive are the fourth and fifth companies to receive any kind of interactive license in Nevada.
Bally Technologies, IGT and Shuffle Master were awarded interactive licenses earlier this year. More than 30 other companies, including Caesars Interactive Entertainment and MGM Resorts International have submitted applications with the Nevada Gaming Control Board.