LAS VEGAS (KSNV & MyNews3) -- The transformation of the gaming industry continues in Nevada.
The second internet website featuring live wagering on poker was unveiled today by Caesar’s Interactive Entertainment.
The new site is only available to gamblers in Nevada.
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Caesars interactive entertainment entered the online gambling ring today with the launch of its World Series of Poker website.
WSOP.com is the second online pay-to-play poker site in Nevada.
Station Casinos' Ultimate Poker website launched in April.
UNLV gaming reseacher David Schwartz says expect to see more.
“There's clearly this built up demand for online poker and now we have two companies providing it and I think that number is just going to grow,” Schwartz said.
Schwartz adds the new site will bring more tax dollars to Nevada.
“There's a couple areas of economic impact. First, is going to be the direct gaming revenue tax that the state is going to get. The second is going to be jobs created, maintaining the site, doing compliance, doing customer service,” Schwartz said.
Seth Palansky with World Series of Poker says the virtual casino allows people to play multiple tables at once.
“The stakes are much lower. You can start at one cent, two cents online,” Palansky said. “You can do about four times as many hands online an hour than you can in a casino.”
However, there are a few glitches.
“There's hiccups with people depositing with certain types of credit cards, because some banks refuse gaming transactions, things like this that will resolve themselves once these third parties recognize this is a real business that’s regulated,” Palansky said.
More than 12,000 players have already signed up and Caesar’s is banking on other states to cash in
There's potential in the future, strong potential, for this to be across state boundaries.
Right now, you can only play on a computer. But in the future, players may be able to bet on their smartphones and iPads.
-- Kelsey Thomas, News 3