Bloomberg.com Posts Pro-Gaming Article

11/23/2011
By Tommie ClarkGoogle

A recent editorial published on the financial news website Bloomberg.com expressed explicit support for the legalization and regulation of online poker.  The article was received warmly among players and affiliates.

 

The main gist of the article was that poker is not thoughtless gambling, rather it is a game of skill; therefore, it would benefit from being legalized and regulated like any other gaming industry.

 

One of the more interesting insights of the article is the fact that though the vast majority of businesses spend billions of dollars lobbying congress to remove regulation, the online gaming industry is one of the only industries that is not just openly welcoming, but actually asking for government regulation. 

 

The article adds that the recent closure of Full Tilt Poker exemplifies the need for licensing and regulation.  Additionally, the already existing lotteries in most states are a great example of what can be done with legalized and regulated gambling.  The revenue from the lotteries is a big help in most states.  State lotteries are both monopolistic and offer miniscule chances of winning compared to poker.

 

The advocacy of Jay Rockefeller, the West Virginian Senator, was brought as further proof of the benefits.  He calculates that online gaming could earn approximately 70 billion dollars over the course of the next decade in taxes.

 

The editorial is important mainly because of where it was published.  These arguments are all well known within the world of casino bloggers, but when they are published as a major editorial in one of the most significant financial news outlets in the country, policy makers will take notice.

Share |

Related News:

Latest News:

abonnieren Kostenlose
Geben Sie Ihre Daten fur EXKLUSIV No Deposit Casino Bonus-Updates direkt an Ihre E-Mail

Top 10 Online Casinos

Rank Casino Logo Casino Casino Review
1
Slots of Vegas
Play
Review
2
Lucky Red
Play
Review
3
Aladdin's Gold
Play
Review
4
Win A Day
Play
Review
5
Slotland
Play
Review
6
Cool Cat
Play
Review
7
Prism
Play
Review
8
High Noon
Play
Review
9
Sloto' Cash
Play
Review
10
Club World Casino
Play
Review