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Nevada Governor Signs Internet Gambling Bill14 June 2001CARSON CITY, Nevada –- June 14, 2001 –- As reported by the Associated Press: “Nevada Gov. Kenny Guinn has signed off on a law that allows Internet gambling casinos even though the Justice Department says the practice is illegal. ”…State officials say court challenges elsewhere could change the federal government's position and they don't intend to defy federal law. Casino executives think there is a huge untapped market for Internet gambling. ”Experts estimate that revenues from Internet gambling -- largely conducted by offshore companies because of the U.S. ban -- reached $1.5 billion last year and could reach $6 billion by 2003. ”…To ensure Nevada's expansion into Internet gambling moves ahead smoothly, the state Gaming Control Board and state Gaming Commission must first draft and adopt rules governing such gambling. ”Those requirements would include assurances that minors won't be able to play. Also the games couldn't be conducted from states that prohibit gambling. ”Hotel-casinos with unrestricted gambling licenses could apply to conduct Internet gambling, posting a $500,000 fee when applying for a two-year license…” |