Nevada Online Gaming Regulations Heed Lessons From Full Tilt

The Nevada Gaming Control Board has issued strict requirements that potential online poker companies must abide by, one of which may have stemmed from the issues with Full Tilt Poker.

In its draft of Minimum Internal Control Standards for Interactive Gaming, the Nevada Gaming Control Board stated that revenue must be “deposited into a segregated, separate bank account from operating expenses. This is possibly related to the woes of Full Tilt Poker, who reportedly did not separate accounts and ended up owing players much more money than what they have on hand. Furthermore, the draft includes provisions to protect players from being offered credit at online poker sites.

The legislation is ongoing and contingent on federal legislation being passed before the state law becomes active.