Kahnawake Gaming Commission pulls licensees out of U.S. markets

[The Buzz]

ICYMI, the Kahnawake Gaming Commission said last week that sites -- including Bovada Casino -- will no longer be operating out of its data center and it will take regulatory action against any others found to be accepting U.S. wagers.

Kahnawake has been in talks with the New Jersey Division of Gaming Enforcement since last October, when a report in The New York Times revealed that the company that managed its data centre, Continent 8, may have provided services to gambling websites operating in the state. Because online gambling in New Jersey is regulated — as it is in other states, including Nevada and Delaware — “off-shore” sites catering to customers in the jurisdiction are considered illegal.

Until last week, Kahnawake had no restrictions on what markets were targeted by licensees, which allowed U.S.-facing gambling sites to operate unlicensed south of the border . . . Although this agreement means losing some clients in the short term, Norton says it establishes a relationship to work alongside less experienced regulators in the future, including a potential move to create a conglomeration of online gaming in New York and all the New England states.

Here's a link to the story from Financial Post: http://business.financialpost.com/ne...-u-s-customers