As it stands today, individual states are absolve to prohibit or practice gambling within their borders while significant rules and limits are placed on interstate and this activity. Recently, online gaming has seen harsher regulations. With the Unlawful Web Gambling Enforcement Act of 2006 (UIEGA), it was not explicitly banned but instead it had been online financial transactions which were outlawed. This meant that all online financial dealings from gambling providers were now illegal which led to many offshore gambling operators excluding US buyers from their services.
Existing in this lawful grey area, it is no more a issue of if online gambling will get into the US market but when and perhaps how. As just lately as this month, three states contain legalized online gambling and intend to begin offering bets by the end of the year. Naturally, a gaming organization in Las Vegas known as Ultimate Gaming was the first to offer online poker but for now restricting it to sole players in Nevada. New Jersey and Delaware have also legalized online gambling and so far ten other states are considering legalizing it in some form or another.
Frank Fahrenkopf, president of the American Gaming Association has said that “Unless you will find a federal bill passed, we are going to have the best expansion of legalized gambling in the usa. I don’t think that’s what anyone intended, but it is what we’re viewing.” This poses a lot of questions and of course concerns for most existing commercial casinos and also American policy makers. Will legal online gambling mean fewer people in offline casinos? Will this create a new way to obtain revenue at hawaii and national level? What about taxes and regulations? A rise in gamblers?
Lots of people including Arnie Wexler, past chairman of New Jersey’s Council On Compulsive Gambling provides voiced concern that with all the current good this could do to create income and revenue for unique states there could be problems with an increase in compulsive gambling. There is particular concern regarding social media marketing in the US as some locations like Zynga have already begun taking real-money bets.
Taking in mind the questions and concerns, many hotel casinos are already making strategies to extend into online gambling to check their real casinos. iconwin Geoffrey Stewart, general office manager of Caesars INTERNET POKER has said “Like any other business, you’re always searching for what is another distribution channel.”