U.S. Threatens Action Against Online Gambling

[SykkBoy]

Originally posted by Nickatilynx@Mar 15 2004, 04:05 PM
My crystal ball is showing me something...

Too many powerful groups with their own agenda do not want wide spread online gambling legal.

However , eventually online casinos will be legal in the US.

If owned and operated under a federal license , which will only be granted to owners of "real world" casino's (ie MGM Grand ,Mirage etc)

They will not say this licensing is because the politicians were bought to protect the multibillion dollar investment of "Real World Casinos" but to protect the interest of consumers.(Only casinos with real underlying investments can trade to protect the interest of consumers)

An online casino owned and operated by Foxwoods , say, and with the "Real World Casino " standing behind it ,will be a great product to mail :-))))

damn..the image is fading


;-)))

They've already paved the way for Real World Casinos to operate online casinos in the state of Nevada. The licensing fee will be around $500K.
It's pretty well know that Steve Wynn has more influence than any elected official will ever have.

Ther's an underground joke that Steve Wynn would never run for public office because he couldn't deal wih losing power. ;-)

I've always thought this, that once the big Real World Casinos caught wind of online gambling profits, they'd step in and attempt to take over or at least make things more favorable for them.