In June 2011, the US state of Nevada legalized its online poker gambling industry, and in Dec 2011, it created a regulatory framework for the same, giving casino gaming companies the power to run online poker rooms in Nevada.
Prominent in Nevada’s business world is its gambling industry, the interests of which the regulatory bodies and lawmakers of Nevada wished to protect as online gambling became more and more popular. Just two months before the governor of Nevada approved its interactive gambling bill, the federal government cracked down on three major offshore online poker companies—Full Tilt Poker, PokerStars, and Absolute Poker—and drove them out of the US online poker market.
While some casino gambling companies of Nevada decided to create their own poker gaming software, others decided to get into partnerships with gaming content developers and software providers to run online poker business. Existing offshore online poker rooms, for instance, were given the opportunity to seek Nevada poker licenses so that they could supply their software to Nevada-based land casino gaming companies. Several companies have already partnered with Nevada-based businesses and now stand the chance of gaining access to a large global pool of players.
Unfortunately, 2012 no longer offers any more chances for a federal online poker bill to be passed. However, the regulatory body in Nevada received and processed applications for online poker licenses from several casino companies. While some of them already received a Nevada poker license, others will be heard in early 2013.
However, all casino companies in Nevada do not plan to run real money online poker rooms. Some of them want to offer free poker games to attract customers to their land casino businesses. Since Nevada has a very small population, running online poker rooms in Nevada will not fetch large profits. Land casino companies, therefore, are just preparing to grab a larger share of the market in case online poker gets legalized at the federal level in 2013. Meanwhile, other US states are planning to legalize online poker in 2013, and if the federal government does not pass a federal poker bill, states will create their own laws for online poker, which will make things confusing.
Some of the casino companies that have expressed interest in online gambling are Gaughan Straight Holdings, Inc., Caesars Entertainment Corp., Station Casinos, LLC, MGM Resorts International, Wynn Resorts, Boyd Gaming Corp., Golden Nugget, Inc., Brookfield Asset Management, Inc., and others.