Another Opponent Of US Online Gambling Surfaces

Published Monday, February 03, 2014 -
Another Opponent Of US Online Gambling Surfaces

The online gambling industry in the USA has detractors the biggest of which in Sheldon Adelson owner of the Las Vegas Sands casino and resort. Now there may be another billionaire Steve Wynn who thinks that online gambling may not be a great idea. His company has recently been approved to conduct Internet gambling in New Jersey, but casino owner isn't quite sure if he'll actually activate it.

The Division of Gaming Enforcement in New Jersey has granted Wynn Interactive to conduct online gambling with its partner Caesars Interactive. Wynn said that the company will put its internet business on hold while they study the online gambling market more closely. The Division of Gaming Enforcement also granted a request by Wynn and Caesars Interactive to conduct Internet gambling operations with the All American Poker Network and 888 Atlantic Limited. According to a report in Forbes Wynn said  “This is not a good entrepreneurial opportunity,” Wynn said to well respected journalist Jon  Ralston,” “Where is the business opportunity? The big problem I see is I don’t see the government letting us keep the money.”

The anti online gambling lobby just got much bigger with two of the gambling industry’s wealthiest owners looking closely at the internet gambling industry and its future in America. The two companies they own and operate, are the largest U.S. casino companies in terms of market capitalization and neither of them are participating in the quest for regulated online gambling in the States.

Wynn at one time was all for the idea of regulated online gambling in America  but has done an about face and in light of the change will become another opponent that the lobby groups for internet wagering are working on. Caesars Entertainment and MGM Resorts, , have been actively pushing for online gambling with the American Gaming Association, to secure legal online gambling for American players.




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