While Las Vegas gaming operators become desperate to prepare for the hole of the U.S. online casino market, state regulators are cautioning them to be wary.

The Nevada Gaming Control Board is cautioning holders of state licenses to function casinos to not become involved yet with online gambling projects. Board member Randall Sayre published at the board website a letter he wrote to an anonymous lawyer advising that clients learn to refrain from doing business with Internet casino operators.

Sayre went directly to say that agreements between licensees and unlicensed online gambling sites are "inconsistent with the Nevada Gaming Control Act."

Currently, Harrah's Entertainment has developed its own Internet gaming branch, while several land-based casino companies are rumored to be in negotiations to partner with established online casinos within the event the U.S. Internet gambling market is opened.

Sayre says ongoing relationships are being currently investigated by board regulators. He called a choice to circumvent connections with Internet gambling by Nevada casinos "sound from both a state and federal perspective."

Harrah's gets online gaming software from 888.com, in order that company is under review by the board as to if it meets rules to do business with a licensee. In step with the Las Vegas Review-Journal, that is the primary time a web based gambling operator who had accepted wagers from US residents is also cleared for Nevada business relations.

Published on June 8, 2010 by MattMiller

Read More... [Source: Harrahs Casino News]