Most gambling fans would consider carefully before laying heavy money on a 20-to-1 proposition. Unfortunately, those are the percentages people legislation proposing regulation of online casinos passing, in line with a expert in Internet gaming laws.Tony Cabot, a Las Vegas lawyer referred to as a web-based gambling expert, told the International Masters of Gaming Law conference in Amsterdam that factors influenced by timing make the passage of Barney Frank's bill or another that introduces licensing of online casinos impossible. Despite the fifty-plus cosponsors of the Frank bill, Cabot says political considerations are decreasing the probabilities of the bill advancing.
Cabot noted that Senate Majority Leader Harry Reid of Nevada has not voiced support for any of the net gambling measures, and says he won't until a transparent consensus emerges from the land-based casinos to which Reid caters. Cabot also talked about that Democrats faced with tough decisions on health care and the economy are wary of giving election opponents any cause on which to rally.
Cabot told the collection that "...THE VERY LAST THING the Democrats wish to become involved in is an unpopular fight for the reason that Republicans could be everywhere it.”
Even more ominously, Cabot noted that Internet gambling operators who've continued to serve the united states market may contribute to defeating any regulatory bill, figuring that their continued presence may prevent them from receiving licensing.
“This is a move that won't come on the federal level,” said Cabot.
Published on September 26, 2009 by JoshuaMcCarthy
Read More... [Source: Gambling Bill News]
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