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Online Wagering Attracting Interest
by propickracing on May 26, 2009
The subject of legalizing gambling online has been taboo in the past but huge budget deficits and the struggling economy has brought the debate back.
Proponents say regulation of online gambling could ease the government cash flow problem. The American Gaming Association says governments could collect between $8 and $15 billion dollars in taxes by regulating Internet gaming. Right now the law does not ban online gambling sites but it bans the transfer of funds.
For years casino giants like Harrah's and Station Casinos have pushed to legalize online gambling. The debate has mostly fallen on deaf ears until now, according to Tony Fontaine.
"Years ago I said, 'if you ever want to see a national Internet lottery, wait until Social Security goes bankrupt,'" said Fontaine. He is a key speaker at the Gaming Technology Summit which started in Las Vegas on Wednesday.
Three months ago he started propickracing.com and before that he led...Read More >>
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Online Wagering Attracting Interest
Budget deficits and the struggling economy has brought back the debate to legalize online gambling. CBS/KLAS, Las Vegas Now, covers the Gaming Technology Summit in Las Vegas
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