Nevada Issues Draft of Minimum Internal Control Standards for Interactive GamingSubstance Put on Potential Regulations for Online Poker |
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On Thursday morning the Nevada Gaming Control Board issued a draft for the Minimum Internal Control Standards for Interactive Gaming (MICS), putting substance onto regulations that have been hashed out since Governor Brian Sandoval signed a bill into law that would allow online poker pending Federal legislation or Department of Justice approval.
In the MICS draft details are laid out regarding standards for the physical infrastructure of Internet poker sites and for those permitted to access them, possibly remotely.
The proposal also dives into some of the separation of duties for the employees of an operator, providing some safeguards against abuses of access for current and former staff.
Vital to the health of the industry in the wake of allegations of fraud against Full Tilt Poker and its board of directors, the MICS draft mentions that all revenue collected be “deposited into a segregated, separate bank account.” In addition, the proposal states that measures should be enacted to ensure credit is not extended to patrons.
Another staple of past online poker corruption was in regards to multi-accounting among customers, and the draft makes specific mention of the fact that a player may only hold one account with each operator. Establishing an account under a fictitious name is prohibited, but screen names are allowed.
The MICS touch briefly on the specifics of a transfer between a player’s online poker account and his or her physical “casino account.” Internet accounts can become “dormant” after a certain period of time and closed out, however only after notifying the player.
Other topics addressed include comps and promotional jackpots.
Nevada’s Internet gaming bill, which is limited to poker, requires the Nevada Gaming Commission to adopt regulations to license interactive gaming in Nevada by January 31, 2012.
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