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August 24th, 2012 6:53 pm EST
Real Money Online Poker Could Be Live in Nevada By October
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Earlier today, the Nevada Gaming Commission gave its approval to three companies for real-money online poker licenses.
South Point Poker LLC received the first ever interactive gaming operator license, while Monarch Interactive Inc. received an operator's license and Global Cash Access Holdings Inc. received a service provider license.
According to a South Point Poker representative, today's positive decision means that South Point could be offering real money poker to players in Nevada by October of this year. South Point's online poker software is currently being scrutinized by an independent lab, and their OK would likely mean that South Point would be dealing hands of real money online poker by the fall.
South Point has developed their own software, which has allowed it to get a headstart on its competition. By the time that other rooms come to market in Nevada, South Point Poker is hoping to have built up a base of loyal customers.
South Point Poker is currently offering free games on its site and will continue to run these games for people outside of Nevada once their real money product goes live.
According to reports, South Point Poker will be allowing their players to deposit and withdraw money from the South Point Casino cage.
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Many people are not crazy about the South Point Poker software, so it will be interesting to see what kind of liquidity they can maintain once their competitors come to market as well.
Source: VegasINC.com - South Point, others approved for real-money online poker
Filed Under: Online Poker Rooms
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