Online Casinos Not Even Legal Yet
The US online casino gambling industry is null at this point – the UIGEA is
still in place and there is no clear indication of how soon the internet
gambling companies can anticipate that new legislation will pass through the
federal government. Land casinos in the US though are anticipating that some new
changes will take place in the very near future – and with that hope Harrah’s is
already in the development stage of a US facing online gambling site. Harrah’s
is the largest land gambling operator in the world – the company has gambling
venues in all of the major global land gaming markets. The current economic
recession has really hit the land gambling companies hard and the industry
giants like Harrah’s are pushing for the legalization of internet gambling as a
way to rake in more revenues and compete with the illegal gambling sites
currently operating in the market.
Just this month Harrah’s has announced a new individual has joined the Harrah’s
team and will head up the company’s online casino gambling interests. Harrah’s
is pretty much the strongest land gambling supporter of the internet gambling
industry – other casinos are much slower to embrace the potential revenue of a
legalized and regulated US market…all they see is the intense competition. For
Harrah’s though, the possibility of launching an internet gambling site is too
appealing an opportunity to pass up.
In more specific news, Mitch Garber will head up the new online casino gambling
division of Harrah’s. Garber is a well-known and well respected figure in the
internet gambling industry – his work with PartyGaming was extremely successful
and Harrah’s anticipates that he will similarly develop a sound strategy for
Harrah’s to enter the online gambling market once it is legalized in the US. |