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Earlier this week it was reported that “Senate Majority Leader Harry Reid plans to propose an online gaming amendment to the Senate’s unemployment payroll tax bill this month.” However later on in the day, @GlobalGamingBiz on twitter reported that “Source: NV Gov. Sandoval calls top casino execs and tells them of agreement between Reid & Kyl, adding internet poker to payroll tax bill.”
On Thursday, Sen. Harry Reid, D-Nev., ended speculation that online poker legislation would be attached to a bill that renewed the payroll tax cut through the end of the year. Reid, the Senate Majority Leader, did not give a reason Internet poker legalization was omitted from the bill. Because of the debate over federal legislation that would legalize Internet poker, it has most likely been pushed into 2013.
Macquarie Securities (a global provider of banking, financial, advisory, investment and funds management services) gaming analyst Chad Beynon said in a research report, “that Nevada stands to benefit from the inaction because it may be the only state that allows Americans to gamble online this year.”
“We think the standards were written in a way that will allow for small adjustments as the process moves forward,” Beynon told investors. “At this point, no firm date has been set, but 13 companies have now submitted for an operating license.”
Beynon said the major gaming operators and suppliers would continue to push for federal legalization of Internet poker because they believe Washington D.C., is better equipped than individual states to regulate online gambling.
Read entire article here.
On Thursday, Sen. Harry Reid, D-Nev., ended speculation that online poker legislation would be attached to a bill that renewed the payroll tax cut through the end of the year. Reid, the Senate Majority Leader, did not give a reason Internet poker legalization was omitted from the bill. Because of the debate over federal legislation that would legalize Internet poker, it has most likely been pushed into 2013.
Macquarie Securities (a global provider of banking, financial, advisory, investment and funds management services) gaming analyst Chad Beynon said in a research report, “that Nevada stands to benefit from the inaction because it may be the only state that allows Americans to gamble online this year.”
“We think the standards were written in a way that will allow for small adjustments as the process moves forward,” Beynon told investors. “At this point, no firm date has been set, but 13 companies have now submitted for an operating license.”
Beynon said the major gaming operators and suppliers would continue to push for federal legalization of Internet poker because they believe Washington D.C., is better equipped than individual states to regulate online gambling.
Read entire article here.
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