|Nevada is losing out on much-needed revenue by not legalising online gaming, according to Richard Fitzpatrick, president of the Interactive Gaming Institute of Nevada (IGI).|
“Nevadas ‘window of opportunity’ to develop a new tax-base from Internet gaming may soon slam shut,” said Fitzpatrick in reference to MGM Mirage’s successful application for a license on the Isle of Man. Fitzpatrick went on to support MGM Mirage’s decision to set up a site offshore in light of the Nevada’s slow and uncertain approach to online gaming.
“They should do what’s best for their stockholders, said Fitzpatrick of MGM Mirage. “They- and the other Nevada casinos that will likely get licensed in the Isle of Man during the next few months- will be enormously successful. Our frustration is that the potential of significant new tax revenue for Nevada will now be lost.”
The significant tax revenue that would be created by online gaming is something that is bound to attract attention from legislators, especially in the current financial state of upheaval that Las Vegas and Nevada is currently experiencing.
Fitzpatrick described himself as ‘frustrated’ that companies were heading elsewhere to set up sites, but said that he remained optimistic about regulation.