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- Dec 16, 2004
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Casinos Now See Online Gambling as a Better Bet
Many of the country’s largest casinos, long opposed to gambling games like poker on the Internet, are now having second thoughts.
Although online gambling is popular with millions of Americans, it is illegal in the United States, and the casino industry has considered it a threat.
But a trade group that represents major casinos like Harrah’s Entertainment, MGM Resorts and Wynn Resorts is working on a proposal that would ask Congress to legalize at least some form of online gambling, the group’s chief executive said.
The group, the American Gaming Association, issued a statement in the spring suggesting that online gambling could be properly regulated — the first public indication that its hard-line stance was softening.
By BARRY MEIER
Many of the country’s largest casinos, long opposed to gambling games like poker on the Internet, are now having second thoughts.
Although online gambling is popular with millions of Americans, it is illegal in the United States, and the casino industry has considered it a threat.
But a trade group that represents major casinos like Harrah’s Entertainment, MGM Resorts and Wynn Resorts is working on a proposal that would ask Congress to legalize at least some form of online gambling, the group’s chief executive said.
The group, the American Gaming Association, issued a statement in the spring suggesting that online gambling could be properly regulated — the first public indication that its hard-line stance was softening.
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By BARRY MEIER