Legal Online Gambling a Windfall For Vegas?

Written by:
Aaron Goldstein
Published on:
Online Gambling Las Vegas

When casinos aren’t generating the money they used to, virtual casinos might fill the hole.  That’s what KSNV, the local Las Vegas NBC affiliate is suggesting Tuesday.  Senate Majority Leader Harry Reid is currently floating around draft legislation that would legalize online gambling, more specifically Internet poker.

Gaming analyst Grant Govertsen told the news station that potential revenue for federal and state governments could be a major windfall for the city and the country as a whole.

“…if you were to open up in the U.S. and Nevada, you’ll see more people playing online. Revenue could be double what it is today. It’s a double win in that case.”

And while the local Vegas casino giants have come together to support Reid’s efforts, Nevada’s Governor has sat on the sidelines.

“My position is this: if Congress chooses to approve it [and] Nevada is very well situated to regulate it properly, it could mean a tremendous amount of tax revenue for the state as well as a large amount of high paying technology jobs that would come here.”

It remains to be seen whether all online poker ventures would go along with the new law as currently drafted. 

Both the number one and number two Internet poker companies, PokerStars and Full Tilt, would be excluded from the US market for a 15-month period.

- Aaron Goldstein, Gambling911.com

Gambling News

Chris Christie Not Peeved NJ Gov Murphy Name on Supreme Court Decision

Chris Christie Not Peeved NJ Gov Murphy Name on Supreme Court Decision

Whatever former New Jersey Governor Chris Christie's legacy will be, one thing is certain:  It was he who paved the way for a landmark decision in the US Supreme Court that now allows states to offer legalized sports betting.

Ainsworth Game Technology News, Review

Ainsworth Game Technology News, Review

Here you will find the latest news related to gaming developer Ainsworth Game Technology.  Ainsworth Game Technology Limited is an Australian publicly listed company (AGI) headquartered in Newington, Sydney, Australia. They have offices in the US, Europe, NZ, Macau and South America.  Its history goes all the way back to 1933.

George Lopez-Themed Video Slot to Debut in 2020

George Lopez-Themed Video Slot to Debut in 2020

Comedian George Lopez will soon be featured on a video slot.  Gaming developer Ainsworth Game Technology announced Monday a partnership with the popular actor/comedian.

G2E 2019 Latest News

G2E 2019 Latest News

The 2019 Global Gaming Expo (G2E) takes place October 14 through 17 at the Sands in Las Vegas.  We have all your latest news updates pertaining to the show below.

Gambling and Sports Betting News Wire - October 15 2019

Here are today's headlines in the world of gambling and sports betting as they happen - Tuesday October 15, 2019.