SOUTH POINT CLOSING IN ON APPROVAL

The application by Las Vegas’s South Point Poker is to be recognized as the state’s first licensed operator of real money online poker website. It is said to become official at the Nevada Gaming Commissions hearing on August 23, 2012.

Michael Gaughan, who is the owner of South Point Poker, went through the accountability hearing this month. The NGC has said to enact some requirements that will apply to South Point and others who are working under potential operator licenses. They will also put requirements on Monarch Casino, which is in Reno and will get formal approval this coming week.

The NGC is advising five new terms to be applied to South Point to get approval. The most important of this is to deal with mattes that are essential to online poker’s honor. Also there is the formation of a written system of internal control, the formation of an interactive gaming reserve, and also the organization and maintenance of the interactive gaming agreement plan. The other two conditions that apply to South Point Poker are concerned with a timely filing of a key-employee application for the owner who is Michael Gaughan, and filing of a comprehensively equipped plan. The Monarch Casino has also been given a list of around six pre-conditions to get a license.

The NGC is also planning to improve the applications process that is going on for online poker employees that are related to license entities. They are working on rolling them into the present framework of the Nevada State Gaming Control Board’s online employee registration system. The companies that have received their gaming licenses so far are Bally Technologies, Shuffle Master, and International Game Technology.

Source: Pokerfuse