Nick Wooldrige, Esq is a nationally-recognized criminal defense attorney based in Nevada. For a personal consultation, you can reach out to him via LV Criminal Defense, 520 S 4th Street, Las Vegas, NV 89101, 702-623-6362.
Bookies in Las Vegas may be salivating a little right now, and not because of memories of last week’s Thanksgiving turkey.
“In my conversations, I feel we possess the organizational infrastructure and won’t require a change in legislation to make this happen,” said Governor Brian Sandoval, the NGPC chairman.
The group approved a referendum telling the Gaming Control Board and Nevada Gaming Commission to move ahead with regulation development. “It is a thing the board has examined. It’s not-problematic and is proper from a gaming perspective,” said Sandoval.
The doors are opening for licensed businesses who want to take bets to file under Regulation 21.120. To avoid allegations of fraud, the operators are to give bets on matters other than athletic matches. An example offered by A.G. Burnett, the Nevada Gaming Control Board’s chairman was accepting wagers on who may win the Heisman.
If the owner wanted to place bets in other ways, it would be prolonged, but not by much.
“I believe Sandoval is right,” Burnett said. “If there is a requirement for rules to be drafted, we can accomplish that at the GCB quicker that with legislation.”
Prior to the determination, the committee gathered testimony from representatives including Seth Schorr, CEO of Fifth Street Gaming as well as Downtown Grand’s CEO, Sam McMullen.
Despite the good news, there are still obstacles to surmount.
Rahul Sood, CEO of Esports Unikrn, said, “At the moment, the state is fighting against itself.”
“We need to add progressive-thinking individuals in the business who are prepared to say, ‘Let’s take a chance.’”
“Occasional players are the foundation of every gambling business I visit,” Burnett added. “Esports are just the icing. Esports are viewed by many as a selling vehicle. Cheating to win weakens the play and make casual players go elsewhere.”
The community needs to be invited into something,” Schoor said. “That might be some advisory committee or a resource to collect the best people we can. The benefit for Nevada is we invited them to talk to us, and it will start bringing players here.”
In related matters, the committee declined to take action on daily fantasy sports and decided to let the present status remain in place.
In 2015 the two primary fantasy sports business, DraftKings & FanDuel quit operating in Nevada when the Control Board termed the activity as gambling and instructed operators to get sports book licenses.
The committee voted unanimously to leave things as they regard fantasy sports. Until the daily fantasy sports companies acquiesce to getting licensed to offer bets in the state, they won’t be permitted to operate in Nevada.