Online Casino Style: News - Online Gambling in the US

10/15/2010		Online Casino Style - News: Online Gambling in the US - 2
Home History Games News Dictionary		continued from Online Gambling in the US - 1 Bower does suggest that perhaps even Wynn might be on the verge of relaxing, however, pointing out that the firm had expressed their formal position of being one of observation, closely monitoring any change in the betting world, whether it pertain to online gambling, or land-based casinos. It’s a change of tune from their war-song of recent months. Other industry experts note that such a change shouldn’t be surprising, given how much is at stake. "When any industry is confronted with something of this nature, a game changer that is a paradigm shift, the first reaction is to circle the wagons to protect your business," said Sebastian Sinclair, a gambling analyst. "But then, that changes over time." Given the fact that the proposal set forth by Barney Frank in the House of Representatives continues to gather more support, the legalization of online gambling sometime in the next two years is all but inevitable, with the death of the Unlawful Internet Gambling Enforcement Act just over the horizon. California is looking to legalize online poker through an intrastate system linked to land casinos. So are New Jersey and Florida. Lobbying grows ever stronger on the state level as well as federal, with lotteries, racetracks and Indian tribes all getting involved, each vying for change that would best benefit their interests. And even the Nevada Senator Harry Reid has been fluctuating in his opinions; once a staunch opponent to anything that would provide competition for his state’s casinos, he has been quoted now on both sides of the issues, apparently giving the idea some consideration. "A spokesman for Mr. Reid said he was still reviewing the Internet issue and had not decided," the article says, available in full here: http://www.nytimes.com/2010/10/04/business/04gambling.html?_r=1&ref=business

10/15/2010

Online Casino Style - News:
Online Gambling in the US - 2

continued from Online Gambling in the US - 1

Bower does suggest that perhaps even Wynn might be on the verge of relaxing, however, pointing out that the firm had expressed their formal position of being one of observation, closely monitoring any change in the betting world, whether it pertain to online gambling, or land-based casinos. It’s a change of tune from their war-song of recent months. Other industry experts note that such a change shouldn’t be surprising, given how much is at stake.

"When any industry is confronted with something of this nature, a game changer that is a paradigm shift, the first reaction is to circle the wagons to protect your business," said Sebastian Sinclair, a gambling analyst. "But then, that changes over time." Given the fact that the proposal set forth by Barney Frank in the House of Representatives continues to gather more support, the legalization of online gambling sometime in the next two years is all but inevitable, with the death of the Unlawful Internet Gambling Enforcement Act just over the horizon.

California is looking to legalize online poker through an intrastate system linked to land casinos. So are New Jersey and Florida. Lobbying grows ever stronger on the state level as well as federal, with lotteries, racetracks and Indian tribes all getting involved, each vying for change that would best benefit their interests. And even the Nevada Senator Harry Reid has been fluctuating in his opinions; once a staunch opponent to anything that would provide competition for his state’s casinos, he has been quoted now on both sides of the issues, apparently giving the idea some consideration.

"A spokesman for Mr. Reid said he was still reviewing the Internet issue and had not decided," the article says, available in full here: http://www.nytimes.com/2010/10/04/business/04gambling.html?_r=1&ref=business