Wynns Opposes Legalizing Online Casinos

Posted on: June 29th, 2009 1:42 pm | By: helen

There is a bit of opposition out there among movers and shakers in the industry dedicated to online casinos and gambling consisting of groups that do not want it to be legalized within the United States. And some of those sources of opposition coming from members of the American Gambling Association. One incredibly vocal member of the opposition is Steve Wynn. Wynn is one of the biggest men in Las Vegas as he is the owner of Wynn Las Vegas and Las Vegas Resorts. His take on this situation is that online casino gambling is incredibly risky and that it may make for very bad business for the land-based casinos eventually.

This is an interesting take for Wynn to have. It makes sense that he would not want to push forward for online casinos in America to be properly legalized, regulated and licensed because surely this would open up a whole new crop of avid casino gamers.

If playing at internet casinos were to be made into a fully legal activity, that would mean that many people who had formerly held off visiting online casinos from their home at their own personal computer and simply chose to head to land-based casinos or hot-spot gambling destinations such as Las Vegas or Atlantic City would maybe opt for the more convenient form of gambling.

But who knows? It is still too early to tell which way Congress will go with the most recent bill proposed by Representative Barney Frank. But not everyone in Vegas feels the same way that Wynn does. Harrah’s Entertainment has decided to make the jump into the world of online gambling to see if they can try to capture some of the amazing revenue in that market.

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