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    QuadJacks Poker and Gaming News | Wednesday March 28 2012

    Posted by Marco Valerio March 28, 2012

    AGCC independent review concludes with passing grades, applause for the regulator:

    The Alderney Gambling Control Board suspended Full Tilt Poker’s license on June 29 of last year, but it would not take long before FTP’s affected clientele and other interested observers put the regulator’s integrity into question and asked if it could have acted sooner to prevent or at least minimize the damage done by the operator.

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    In response to what became an increasingly unified and provocative remonstration, the Alderney Gambling Control Board elected to commission an independent review of how the regulator had discovered and investigated Full Tilt Poker’s infractions and ultimately revoked its license. In December of last year, the AGCC announced that Peter Dean, a former Chairman of the UK Gambling Commission, would take on the assignment and release a final report by the end of March.

    Mr. Dean did release a 12-page report this week, on Tuesday, March 27. The report has found nothing particularly wrong or out of order with the way the AGCC handled the situation. It also offered limited constructive criticism for how to deal with the process better next time. Throughout the report, AGCC is generally commended.

    The conclusion of the report runs thus: “The AGCC is respected round the world as a regulator demanding high standards of probity from its licensees. Deplorable as the episode covered in this review has been, it is nevertheless an example of regulation working as it should. As soon as plausible evidence of irregularities came to light the regulator acted promptly and proportionately. An investigation was instituted, findings made, a hearing held, judgment delivered and sanctions imposed. Due process was followed.”

    Alderney Gambling Control Board Executive Director Andre Wilsenach opined as follows: “The AGCC would like to thank Peter Dean for his detailed and thorough report… None of this, of course, will compensate those players who have lost money as a result of FTP’s actions, and we have great sympathy for them. But, as the report confirms, a regulatory regime cannot be proof against deliberate concealment or deception. Our focus now is to assist other authorities to recover as much of the players’ funds as possible.”
    Sources: Alderney Gambling Control Board

    Gaming Policy Committee meets in Nevada for the first time in 20 years:

    When Nevada Governor Brian Sandoval announced last November that he would reassemble the Gaming Policy Committee, a group of lawmakers and gaming executives which had not met since the 1980′s, he meant it. The newly formed 11-person committee met today in Las Vegas to discuss the future of the online gaming industry in the state, an issue which Sandoval has taken very seriously.

    The meeting lasted less than two hours, but featured meaningful affirmations by individuals such as Nevada Gambling Control Board Chairman Mark Lipparelli, Nevada Gaming Commission Chairman Peter Bernhard, and MGM Resorts CEO Jim Murren.

    Lipparelli did not provide an approximation for when online gaming could realistically begin taking place in the state, pointing out that even once an operator is licensed, its technology will still have to be reviewed and approved. Murren expressed an appreciation of the seriousness of Nevada intrastate gaming, even though his company’s lobbying efforts have primarily favored a federal initiative. Governor Sandoval remarked that the way Nevada handles online gaming will be looked upon by other states as an example.
    Sources: Card Player Magazine

    Online gaming: California, Illinois and Utah all on different tracks:

    In the last 10 days, three different states across the U.S. have taken three different directions on the road to intrastate online gaming.

    The Illinois online lottery went live on Sunday and has been recognized as an immediate success. According to the most recent figures, as of 1pm CST today, online ticket sales had reached $263,942.

    In California, a war of words has been taking place in the press over the propriety of online gaming legislation in that state. A widely circulated newspaper, the San Diego Union-Tribune, has run two separate editorials thus far: one is a scathing refutation of online gaming, arguing that online gaming legislation would turn out to be a “losing bet” for the state. Another was authored by State Senator Roderick Wright, a primary proponent of online gaming legislation, who upheld its potential benefits and the need to regulate.

    While Illinois has taken a small but significant step in the progressive direction, and California battles to do the same, the state of Utah has instead taken a major step backward. Following quick acceptance by the state legislature, Governor Gary Herbert signed a bill into law which officially makes it illegal for a person in that state to gamble online.

    QuadJacks – Wednesday, March 28, 2012

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