South Point Set To Receive Historic Online Poker License In Nevada On Thursday
Gaming Commission Hearing Will Give Company Operator OK
During tomorrow’s hearing by Nevada’s five-member Gaming Commission, South Point Hotel and Casino (South Point Poker LLC) will receive a license to operate web poker. The approval is unique because the casino isn’t relying on a third-party firm to run its games.
In other words, it’s going to be conducting online poker in-house. But, this doesn’t mean that it won’t engage in business-to-business activity within the web poker industry.
In the official regulatory language, South Point will snag licensure as an operator, manufacturer and service provider of “interactive gaming” — the state’s fancy way of saying online gambling.
The three-member Gaming Control Board approved South Point earlier this month on condition that before commencing real-money games the company must submit proof of establishing an online poker reserve to guarantee the safety of player funds.
In other words, regulators want zero chance of a Full Tilt Poker player-deposit fiasco.
Once its technology is signed off on by a third-party testing lab and then regulators, South Point Poker will be ready to flip on the switch. However, there will be one final step at this point — getting its “detailed plan of operation” approved by Control Board Chairman Mark Lipparelli.
South Point could have all of this done in October and be the first Nevada site.
The casino has been offering free-play games for months, but that software is different from what it will use to provide real-money action.
Also on Thursday’s agenda is Monarch Casino, which will be licensed as an operator as well. However, unlike South Point, it’s not looking to launch games this fall. Global Cash Access will be awarded a service provider license, allowing it to give customer lists to web poker sites.
Follow Brian Pempus on Twitter — @brianpempus
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