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It’s time to retire the phrase “if Internet gambling is legalized.” By now, it’s clear that the approval of online wagering, particularly Internet poker, is not a matter of if but when.
For online poker enthusiasts, the timetable got pushed back in mid-April when 11 owners and founders of three of the largest online gambling sites, PokerStars, Full Tilt Poker and Absolute Poker, were indicted on bank fraud, money laundering and illegal gambling charges.
Speculation has been running wild on what the indictments will mean for the online gambling debate. Some say they will slow approval to a crawl, stopping the momentum that had built up in recent months toward legalization and regulation. Others say it’s just a bump in the road toward eventual approval.
Gaming industry leaders are confident that it’s only a matter of time before Internet gambling is legalized despite the indictments.
The question is whether Nevada will take a leadership role and reap the rewards of being first in line or sit on the sidelines and hope we get a piece of the action.
Based on the sorry state of Nevada’s economy, some think it’s time for the Silver State to cash in and take charge. The state took the bold step of becoming the first state to legalize gambling in 1930. Now, it’s time to decide on cyberspace.
Read entire article here.
For online poker enthusiasts, the timetable got pushed back in mid-April when 11 owners and founders of three of the largest online gambling sites, PokerStars, Full Tilt Poker and Absolute Poker, were indicted on bank fraud, money laundering and illegal gambling charges.
Speculation has been running wild on what the indictments will mean for the online gambling debate. Some say they will slow approval to a crawl, stopping the momentum that had built up in recent months toward legalization and regulation. Others say it’s just a bump in the road toward eventual approval.
Gaming industry leaders are confident that it’s only a matter of time before Internet gambling is legalized despite the indictments.
The question is whether Nevada will take a leadership role and reap the rewards of being first in line or sit on the sidelines and hope we get a piece of the action.
Based on the sorry state of Nevada’s economy, some think it’s time for the Silver State to cash in and take charge. The state took the bold step of becoming the first state to legalize gambling in 1930. Now, it’s time to decide on cyberspace.
Read entire article here.