While many major politicians have thrown their support behind the efforts of representatives Barney Frank and Jim McDermott in terms of regulating online casinos within the United States, some powerful politicians have also stepped out in opposition to their efforts. One of the latest major players in this regard is the Atty. Gen. for the State of Indiana. He announced to just a few short weeks ago that he opposes the federal bills that have been brought to Congress by these politicians.

The legislation they have brought forward aims to regulate and license and tax online casino sites as a way to generate extra revenue for the American economy. Considering the fact that we are suffering through a terrible economic recession that has seemed rather endless, this would be an inventive and much needed way to boost our financial situation and help us climb toward some sort of economic recovery.

What the Atty. Gen. for Indiana has indicated is that he wants individual states to have the power to regulate online casinos just like they do for a land-based casino gambling. He says it should not be determined at the federal level. He wants to uphold the autonomy of the state government and keep licensing and taxing of Internet casino gambling for the state government to control.

He has indicated that he considers the federal interference that could potentially come about if the legislation proposed by Frank and McDermott gets past would be unconstitutional. Either way, it may all be speculation at this point because the United States government has been dragging its feet on this issue for quite some time while many individual states such as New Jersey have made a great deal of progress.

While people everywhere all over the world are reeling from the financial situation here in America and abroad, the casino industry is by no means immune to these hard times. With the dramatic drop of the stock market, the foreclosure scares, skyrocketing unemployment, bank buyouts, bailouts and credit crunch, the gambling industry is definitely taking a hit. While in the past, most economic bumps in the road were met with vigor and ingenuity and promptly overcome, the current financial crisis has left many casino business owners shaking their head in dumbfounded uncertainty. Perhaps more than most other industries in the nation, casinos are feeling the stress and pressure of this unrelenting cash crunch.

One place where casino operators are really feeling the heat is the state of Indiana. Casinos in this state have worked diligently to create their own special offering to the casino market – to set themselves apart from the everyday selections. For their efforts, they have been routinely rewarded with good business and a devoted following among players. However, as the economy continues to worsen, revenue numbers for 2008 are down considerably from what they were this same time last year.

Industry insiders report that the overall loss in wealth of its faithful customer base is the main cause for this sharp downturn. While the situation has not reached the point where anyone is predicting that any of the casinos will shut down for loss of revenue, they are definitely going to have to make some drastic changes in order to stay afloat during these tough times. That will mean slicing through staff numbers and maintaining shorter hours of operation.