Posts Tagged ‘american gaming association’

American Gaming Association Reveals Just How Hot its Casino Members are for Online Gambling Regulation

Sunday, August 15th, 2010

All things said and done, the American Gaming Association (AGA) is in favor of legalizing online casino gambling in the United States. The irony is (other than the fact that the AGA used to be dead set against regulating online gambling) that the AGA isn’t necessarily in favor of individual States being “united” in exercising their right to regulating internet betting. In other words, the AGA is a proponent of giving individual States’ the choice to offer regulation, or rather, that such a right to decide is, in fact, available.

Now, whether or not the AGA is in support of every single State in the Union legalizing online gambling, isn’t necessarily clear since they really haven’t come out of the closet to announce their position to the world, albeit I can pretty much guarantee AGA members, which include the likes of Harrah’s, Las Vegas Sands, MGM Mirage, Boyd Gaming, Bally Technologies and International Game Technology, are licking their chops to get a footing in as many State’s as possible.

Sooooooo, while the online casino software “institution”, Cryptologic, has reported a loss of $12 million in the second quarter of 2010, the American Gaming Association has revealed it has spent over $360,000 lobbying U.S. government officials in a bid to get online gambling regulation legislation (say that 10 times real fast, I dare you), passed into law, and consequently, the infamous Unlawful Internet Gambling Enforcement Act (UIGEA) overturned and placed alongside prohibition as the stupidest bills ever placed into law. This figure is in addition to the $430,000 spent in the first quarter!

Obviously, the AGA’s money is the money of the aforementioned member companies. And there’s no denying that Harrah’s Entertainment wants a large piece of the pie. In fact, the U.S. based casino gambling giant already has an online casino in the works and is currently testing out the waters in the regulated European online gambling scene. IGT is already benefiting via the company’s software developer, Wager Works, which supplies the popular UK Casino, Virgin Games.

So yes, there is plenty of firsthand proof that there is plenty of money to be made off of the legalization of online gambling, no matter where in the world. And everybody knows the American gambling scene supplies the bulk of online gambling activity (even with the UIGEA in effect). So long as regulatory laws are not passed that foster competitive advantages or disadvantages between commercial casinos, Native American casinos, State lotteries and parimutuel betting operations, the AGA says, regulate, regulate, regulate!