US Eager to Follow in Englands Footsteps
Covering the pages of major media sources in the US like Bloombergs and the International Herald Tribune, are more and more reports of US casino companies placing pressure on politicians to legalize online casino gambling. While the United Kingdom is set to bring in a fortune in tax revenue from the best casino sites in the new online casino industry, US companies are starting to feel left Out.
Recently the American Gaming Association called for a congressional committee to begin studying the benefits and downfalls of legalized online casino gambling. The call comes in response to recent attempts by legislators to impose an immediate ban on online casino gambling in the United States.
Media reports named MGM Mirage, Harrah’s Entertainment Inc. among other major US casino operators, as the driving forces behind the increased pressure on Congress. Spokespersons and :lobbyists for the major ‘brick and mortar’ casinos were quoted saying that the only way to control the booming $12 billion Internet casino and gambling industry is to bring it home.
As of now owners of the best casino sites on the Internet are located oversees, while around 70% of the total customer population at online casino websites are American citizens. This means that at minimum, half the revenue taken in by online casino gaming sites comes from the US. According to the land based casino owners, the only thing left for Congress to do is to legalize, regulate and tax the industry.
“The argument the industry is making is, if it is being done offshore, why not bring it in to the US so it can be regulated?” said Nevada Republican, Senator John Ensign. Sen. Ensign has discussed the issues with representatives from the Las Vegas based Harrah’s Entertainment Inc., the largest casino owner world wide. “It doesn’t look like you can ban it.”
According to the Federal Election Commission records, these casino owning companies have contributed at least $900,000 to congressional candidates running in this fall’s elections. The companies have stated that their lobbyists are attempting to influence lawmakers into taking an initial step towards the legalization of online casino gambling by the creation of a federal commission set to study the industry.
Frank Fahrenkopf, the AGA president, says that US casino companies are considered, “neutral,” on the current House measure to create a ban that will stop the flow of cash to online casino companies outside of the US.
Although some still seem to be skeptical about the future of online casino gambling in the US, most land based casino companies are already prepared to open the best casino sites the world has ever seen.
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