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Affect on Nevada

News concerning the US online casino gambling industry has been rampant in the media over the past several weeks as the results of the US presidential elections mean that members of the Bush administration have only a short period of time to pass through dozens of new bills that would undoubtedly be vetoed if left for the next Congressional session (when the Democrats will have control). With the threat of UIGEA regulations passing through many in the land and online casino gambling industry are growing concerned with the state of the industry. New reports about the likelihood that Congress will eventually legalize online casinos in the US as a way to gain tax revenue from the industry has some land gambling companies in Nevada concerned – others though are hopeful.

The fact of the matter is that yes, legalizing online casino gambling in the US would have an affect on the number of US players using the land betting facilities. That is a big concern for the casinos in Las Vegas and throughout Nevada. But at the same time, some of the largest land gambling companies in Nevada have commented that they would welcome a regulated and taxed online casino gambling industry. Harrah’s owns the WSOP brand which dominates the land poker industry. With the legalization of internet casinos, Harrah’s would most certainly look for ways to bring that brand to the internet and capitalize on the popularity of the WSOP.

But on the same token, some land gambling giants like MGM are less optimistic about the positive aspects of a legalized online casino gambling industry. Unless the land gambling company has an express interest in operating in the online gambling market, the internet gambling industry would take away revenues from the company’s land gambling ventures.