One Step Towards Legal Online Gaming?

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The Wall Street Journal has reported that staffers for Sen. Harry Reid (D-Nev.), the Senate majority leader, are circulating a draft bill on Capitol Hill that would legalize Internet poker in the United States, with certain restrictions.

This comes as a bit of a surprise, as Reid has not been a supporter of online gambling in the past. But he was recently re-elected by a narrow margin with the help of financial support from major casino interests and from the Poker Players Alliance. Lately, casinos have seen their business decline or stay flat, and some of them are hoping to expand into the Internet gaming arena to increase their profits.

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Published In: General Business Updates, Elections & Politics Updates, Finance & Banking Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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