Legal I-Gambling Still Longshot
By Earl
Richard N. Velotta writes in the Las Vegas Sun that on this first day of a 4-day panel of the Global Gaming Expo at the Las Vegas Convention Center a local gaming attorney, Anthony Cabot, has expressed his expert opinion that legalized Internet gambling will not be a reality any time soon.

However, that does not discourage advocates, nor does the recent U.S. Justice Department advisory opinion against Internet gambling, which is based on the legal opinion that Internet gambling violates the Federal Wire Act of 1961. Other panelists are holding out hope that “pending test cases on Internet gambling will reach the U.S. Supreme Court, which they hope would deliver an opinion that would favor the industry,” writes Velotta.

Citing another twist in the situation, Marc Falcone, a gaming analyst with the Deuthsche Bank, said that, “Europe is now the hub of Internet gaming” He added that MGM MIRAGE should have its own online site by the end of the year, though it will necessarily be based on the Isle of Man. Other Las Vegas giants with open plans for extending into Internet gambling through facilities abroad are Park Place Entertainment Corporation., Station Casinos, Inc., and Las Vegas Sands. However these enterprises are also aware of the probability that Nevada regulators won’t permit them to accept bets online from places where gambling is illegal. These companies will have to assure regulators that they are able as well as willing to guarantee that customers are betting legally.

 
 
 
 
 
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