The Casino Industry and Online Gambling

US Government Online Gambling LawsThe Casino Industry and Online Gambling

The casino industry is looking at a different approach to legalise gambling. They feel that it is in their best interest if Congress would ignore all of the other bills that have already been entered into legislation and pass the one they are entering instead.

American Gaming Association

The casinos and the CEO of the American Gaming Association, Frank Fahrenkopf, are thinking positively about getting this law passed as soon as possible, and that the new bill will be revealed before the end of the year. Fahrenkopf believes they are close to seeing legislation and acknowledges that there is a lot of talk in Washington, D.C. about all of the action taking place.

PokerStars

After PokerStars, Full Tilt Poker and Absolute Poker were shut down by the federal government in April the rush to take part in the online gambling industry which normally earns approximately $6 billion a year, has increased tremendously.

Many state and some members of the federal government see how profitable this can be for the economy, which is one of the many reasons they are pushing so hard to get it passed. In addition to the possible revenue, the federal government is seeking about $3 billion for money laundering charges.

October 18, 2011 by : posted in Gambling and Legality No Comments