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National On The Web Gambling Bills Introduced to Congress

National On The Web Gambling Bills Introduced to Congress

Yet another bill was introduced to Congress online that is regarding; but will it pass?

We’ve talked a lot about how America is going to be waiting for some time before they have any action that is federal online gambling regulation. That is still most likely true, but it’s not due to a shortage of bills which could do the task.

Bills, Bills, Bills

The other day, Representative Jim McDermott (D-Washington) introduced a bill that will once again regulate online gambling at the federal level, splitting tax profits between the states that players live in plus the government that is federal. That bill joins two more introduced earlier this year by Representatives Peter King (R-New York) and Joe Barton (R-Texas), all of which are variations on the theme that is same federal oversight and legislation of at the very least some forms of online gambling.

McDermott’s bill is obviously compatible with King’s effort. The McDermott bill would enforce exactly how the taxation distribution from online gambling would work, with 12 cents of every dollar deposited apparently being collected by governments at various levels. Two-thirds of this money would go to their state or tribe where in fact the gambler is playing, while the other third would go to the government that is federal.

The bill is more comprehensive than the Barton bill, which would just apply to on-line poker. States would be able to opt in or out of the online tha Continue reading National On The Web Gambling Bills Introduced to Congress

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Already Partnered Online in Nj, Steve Wynn Watches and Waits

Already Partnered Online in Nj, Steve Wynn Watches and Waits

Floral designer Preston Bailey, the Mrs. that is second Wynn and Steve Wynn during The Wynn nevada recently (Image: Wynn Resorts)

Steve Wynn famous Las Vegas casino developer and gambling industry symbol is using a time-out when it concerns his views on online gambling. He’s neither highly for it nor strongly against it, and wants to see how the neophyte legal American online gaming venture is going to fare before he forms a definitive opinion about this.

Meanwhile, it almost seems like he finds it an imposition that he has to pay for attention to it at all.

Staying Neutral for Now

‘i just think this sort of thing has a full life of a unique,’ Wynn noted philosophically recently. ‘ I’m neither a opponent nor proponent of it. We’m an observer of this method as well as the chairman of a publicly traded company that is necessary to spend awareness of such things.’

The casino magnate says he’s taking a ‘wait-and-see’ attitude about on the web gambling now, but sounds a bit dubious, perhaps surprisingly.

‘Its status in America is certainly much in doubt,’ Wynn claims. Wynn was speaking during the formal opening of his Las Vegas Strip’s eponymously named casino hotel’s holiday floral spectacular by famous wedding florist Preston Bailey. The display uses 110,000 plants to generate carousels in the resort’s atrium.

‘I’m perhaps not sure as I stand here where online gaming is going,’ Wynn said.

Perhaps surprisingly, Wynn Continue reading Already Partnered Online in Nj, Steve Wynn Watches and Waits

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Managing Enjoy Money Social Gambling Web Sites: Is It Coming?

Managing Enjoy Money Social Gambling Web Sites: Is It Coming?

Should play money media that are social be regulated like its real money siblings? There are arguments for both sides. (Image source: Insidesocialgames.com)

For most gamblers, the excitement of the casino doesn’t really occur without one key feature: cash. The potential risk of losing and thrill of winning cash is what drives most gamblers to play at all. But despite the fact that not really a solitary penny is at stake, online ‘social casinos’ remain incredibly popular. These games enable players to enjoy blackjack, poker, slots, and a host of other games on Facebook and other media that are social for no cost, and millions of players take component in and enjoy these games every day.

Cash Regarding the Table, Or Otherwise Not?

But while the games may look like gambling and feel just like gambling, the known proven fact that there’s no cash at stake on the end result of each spin or roll associated with the dice ensures that they truly are not really gambling. And meaning that industry experts believe that there isn’t any cause for real-money online gambling laws to just take hold inside their field.

‘a casino that is social no more gambling than FarmVille or Candy Crush,’ said Paul Thelen, CEO of social gaming company Big Fish. Thelen was speaking during the GamesBeat 2013 conference as part of the panel on social gaming, and regulation was the topic that seemed to come up again and again.

‘The industry Continue reading Managing Enjoy Money Social Gambling Web Sites: Is It Coming?