20TH JAN 2017 | WRITTEN BY: CHRIS SIEROTY
Nevada Republican Governor Brian Sandoval delivered his fourth and final State of the State address Tuesday, proposing an $8.1bn budget for the next two years and reminding lawmakers that the state’s fiscal health is tied to its tourism economy.
“With gaming legalized around the globe, we can never relinquish our position as the gaming and entertainment capital of the world,” Sandoval said in an hour-long speech to a joint session of the state legislature in Carson City.
“Competition is tough, so we must always be open to new ideas and opportunities,” the governor said. “Since last session, the state embarked upon a number of changes to gaming regulations, including the development of skill based games.”
Sandoval noted that the landscape of the gaming business is changing as a new generation grows up in a rapidly changing technology environment.
“As technology evolves, so must we,” Sandoval said.
Sandoval highlighted the efforts of the governor’s Gaming Policy Committee and gaming regulators in approving new rules to allow Nevada to become the “first and only state to allow wagers on esports.”
“We must ensure that the gaming industry is free to innovate and compete, while closely adhering to two ironclad rules; player protection and safeguarding Nevada’s reputation as the ‘gold standard’ in gaming regulation,” Sandoval said.
Editor’s Note: From GamblingCompliance’s Regulatory News Update