Between Nevada considering opening up a line of credit to its future online high rollers and students in South Carolina asking casinos to improve their job market, it has been an interesting start to the poker week. Here is a recap of the top headlines:
Nevada considering credit line for online poker players
One of the longest-standing traditions in bricks and mortar casinos is the line of credit that operators allow high rollers and big name players to utilise. Having credit with a casino, which basically acts as an IOU (I Owe You), gives high stakes gamblers the opportunity to risk loads of money without needing to keep hundreds of thousands of dollars in cash on them. Now it seems that this benefit may be up for consideration in the state’s approaching online poker system.
According to an article published at the Center for Gaming Research at the University of Nevada, at one point in time as much as 15% of the money being gambled in Nevada was done through casino credit, a number that represents multiple millions of dollars. As a result, some online poker regulators believe that Nevada’s internet gambling laws, which currently forbid the giving of credit, may be revised in the future to allow for the practice.
“My own individual take would be that I don’t think [the rule] directly stems from any past problems regarding credit,” said Nevada Gaming Control Board member A G Burnett. “We were taking a conservative approach on the issue, and assuming we start going forward with intrastate and someday maybe interstate, I think we always reserve the right to amend the regulations. So, if we were to find some comfort in allowing credit to be issued and there was an interest in doing that, we would obviously be amenable to allowing it. In my own opinion, I didn’t have any case in mind when we put that in.”
Students back casino construction with hopes of job creation
Lawmakers in South Carolina have been mulling over proposals that would allow for the construction of casino properties, though the idea has met with stiff opposition. Now a group of college students have formed a campaign called Let Us Work that supports the developers wanting to build the casinos, as they believe it will create jobs in areas where they are much needed. One estimate shows that as many as 4,700 jobs may be created out of a single casino being built, and so far the students have collected over 400 signatures on their petition, with the goal of reaching 1,000 before they hand it over to the governor.
Chris
- Chris Laquinta is a magazine editor, content specialist and poker fanatic with 10+ years writing experience and over 1,500 published articles. Chris is a naitive of Southern California, where he spent his entire life learning gaming concepts and theories from relatives that had been former professional gamblers. He currently resides in Torrance, CA where he works as a professional content writer and part-time SNG professional.
