Industry Chiefs Discuss Online Gambling

INDUSTRY CHIEFS DISCUSS ONLINE GAMBLING

04th October, 2011 at 04:59:20
Source: http://www.azonlinecasinos.com

G2E panel particularly interested in online poker

The first of the special panel discussions devoted to online gambling at this year's G2E expo and conference in Las Vegas took place Monday, examining the need for more political education on internet gambling, the benefits of regulation, excluding criminal influences, and fair taxation as industry execs got to grips with the impending reality of legalised online poker.

The discussions indicated that delegates are aware of the recently formed Fair Play USA action body (see previous reports) and hope it will play an effective role in increasing awareness of the practical realities and advanced technologies of internet gambling, dispelling some of the political myths that have evolved in previous years.

Caesars Entertainment communication chief, Jan Jones, said it was important to emphasise the effective safeguards now possible relating to internet gaming, and opined that legalised online poker at the federal level was a definite possibility in the United States, something her company has long supported.

Jones described current political legalisation initiatives but could not give a timeframe for legalisation.

Dan Walsh, a respected and experienced legal expert on internet gambling expanded on the identification techniques now possible to exclude problem and underaged gamblers from the online environment.

The consensus on taxation appeared to be that taxes should not be levied on deposits, but on withdrawals, and concerns were expressed that state or federal governments desperate for cash would overtax initially and in the future, killing the goose that lays the golden egg.

The ‚EURňústate or federal regulation' argument inevitably surfaced, with diverse opinions on the issue splitting perspectives and preferences.

Major industry bodies like the American Gaming Association favour a federal solution, but some delegates emphasised the need for the rights of individual states to be respected by the inclusion of a choice to allow intrastate online gambling or not.

Related News Tags: , , ,



« News index »



NEVADA GAMBLING REVENUES FOR FEBRUARY RELEASED

28th March, 2017 at 19:47:54
Not the best February - 4.5 percent down year-on-year.

WATCHANDWAGER LAUNCH INTERNATIONAL ADW PRODUCT

27th March, 2017 at 13:46:09
ADW on international horse races for US customers.

ANOTHER FOBT RED FLAG FOR UK BOOKIES (Update)

23rd March, 2017 at 09:52:25
Fitch Ratings opines that staking limit cuts could benefit the online side of the industry.

JAPANESE GOVERNMENT GEARING UP FOR GAMBLING

22nd March, 2017 at 07:30:45
Cabinet office branch opens.

ADELSON AMONG THE WORLD'S WEALTHIEST

22nd March, 2017 at 07:30:45
Anti-online gambling owner of Las Vegas Sands is #20 on world list, but top of the gambling industry moguls.