|Nevada’s anti-trust legislation is in the process of reform, following the flood of gaming industry mergers and buyouts of Las Vegas Strip casinos over the past few years.|
On Wednesday last week, the Nevada Gaming Control Board held a workshop to discuss regulations aimed at setting limits on casinos’ market share.
The proposed regulations would require that casino operators applying for additional licenses control no more than 10% of the gambling market in Nevada, no more than 40% in the US, and no more than 60% of a distinct local market, which would be the first time that Nevada regulations stipulate a numerical figure for market share.
Casino operators applying to license more than one location to assure that the deals are 'in the best interests of the state of Nevada.' Regulators apply a number of criteria to that rule, such as whether market concentration could hurt employees, suppliers and consumers.
The proposed new laws will not please the biggest casino operators, some of which already exceeded the proposed percentages. For smaller companies however, the changes could cut through the bureaucracy they now face – having to submit and review anti-monopoly assurances alongside the big casino operators.
According to Bill Bible, president of the Nevada Resort Association, changing a law that has so far worked for the industry could potentially create more bureaucracy and confusion for licensees: 'Before we go much further in the rulemaking, we need to determine whether there is a problem.'