..

Guy W. Farmer: Internet Gambling: A Bad Bet for Nevada

Written by:
C Costigan
Published on:
Oct/03/2010

I was surprised to learn that Congress is considering a bill that would legalize gambling on Internet poker. I think it's a terrible idea, and I'll tell you why.

As a former gaming regulator during the second Sawyer administration (1963-67), I saw the consequences of unregulated gambling up close and personal, and that's why I oppose Internet gambling and urge the Nevada Gaming Commission to prohibit its licensees from operating Indian casinos. In my view, we shouldn't authorize any form of gambling that falls short of our strict gaming control standards, which protect customers and assure that the state collects its fair share of gross winnings.

After an August meeting in Reno, gaming executives said Senate Majority Leader Harry Reid had indicated he would support legalization of online poker — a claim his staff later refuted.

As a former Gaming Commission chairman, Sen. Reid should know better. Apparently, Northern Nevada casino executives told Reid that online poker could harm their businesses and cause even more layoffs in their struggling casinos. Exhibit “A” is Reno's Siena Hotel-Casino, which has filed for bankruptcy and is barely managing to keep its doors open.

“It (online poker) is just the tip of the iceberg,” said Peppermill marketing director Bill Hughes. “It will only draw more money out of this state.”

“If you want Nevada to survive, you don't open that door,” warned Eric Dale, general manager of Baldini's Sports Casino in Sparks.

But not all casino executives are in agreement. Jan Jones, a former Las Vegas mayor who is a senior vice president at Harrah's, said online gaming would grow, not shrink, the market for Nevada gambling. She said younger gamblers “are all on the Internet.” That may be true but I have a couple of questions for Jones and Internet gambling fans: How do you regulate it and how do you collect the taxes?

The main problem with online gambling is that it's very difficult, if not impossible, to regulate. That's why Congress banned it several years ago and prevented U.S. credit card companies from paying winners who gamble on foreign websites. Hundreds of those sites are based on small Caribbean islands where law enforcement is minimal, non-existent and/or corrupt.

One congressional co-sponsor of the online gambling bill says that Americans wagered $12 billion with offshore betting sites last year. Well, those gamblers have only themselves to blame if they lose because they might as well throw their money down the nearest rat hole.

• Guy W. Farmer, of Carson City, worked for Nevada's gaming control agencies in the mid-1960s.

By Guy W. Farmer, The Nevada Appeal

Gambling News

SC Prosecutors: Deputy Took Bribes to Protect Gamblers

SC Prosecutors: Deputy Took Bribes to Protect Gamblers

A deputy in South Carolina took money from illegal gamblers for five years to protect them from the law and kept feeding them information after the payments stopped, authorities said.

Generate a Great Profit for Your Bookie Biz

Generate a Great Profit for Your Bookie Biz

Bookies, you must be generating a profit per head and we want to show you the best way to do so. You are in this business to earn a fantastic income and there is no reason you shouldn’t be doing exactly that. Now is the perfect time to start earning profits where you may not realize you can earn them.

MGM Springfield Taken For $30k By Brazen Cheat

MGM Springfield Taken For $30k By Brazen Cheat

The MGM hotel and casino in Springfield, Massachusetts is suing an individual for allegedly engaging in one of the oldest cheats in the books.

Bitcoin Gambling News: Bitcoin Shoots Past $7K Mark as Investors Search for Stability

Here you will find all the latest news pertaining to Bitcoin and the world of online gambling.

140 Industry Leaders Join SBC Digital Summit Speaker line-up

The SBC Digital Summit is to feature a line-up of 140 big names from the global betting and gaming sector, with speakers including Carsten Koerl (CEO & Founder, Sportradar), Jesper Svensson (CEO, Betsson Group) and Paris Smith (CEO, Pinnacle).

Syndicate