Nevada Getting No Credit … For Now

by | Published: Wednesday, February 15th, 2012

With the imminent arrival of legalized online gaming in Nevada the issue of credit has been raised.

As it stands the practice of betting on credit is rife throughout the industry, especially in high roller markets where carrying around thousands in cash is logistically difficult.

It’s a system that works well for all parties the vast majority of the time, in fact as much as 15% of the industry runs off credit.

In many countries around the world playing poker off credit is a completely legal but for the time being that won’t be the case in Nevada.

It’s not any specific concern that worries them, more so that it’s not a high priority at the current stage of the process.

It seems they simply want to have the general framework in place and working properly before focussing on the details, such as playing off credit.

Gaming Control Board member A.G. Burnett says they will be taking a conservative approach until things get off the ground.

“My own individual take would be that I don’t think [the rule] directly stems from any past problems regarding credit,” Burnett said.

“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.”

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