The latest news in online gambling is that many top casinos in the US are finally pushing for online gambling to be regulated. In the past these casinos have seen online casinos as a threat, but now they are devising plans to get their cut of the business.
For the past several years Atlantic City has continually seen a decrease in revenue. Trump Casino’s Donald Trump has decided it is time to do something about the decrease in casino gamblers by hopefully making an increase in online casino gamblers.
In an article I read on: http://www.Bing.com/news Trump talks about his partnership in an online casino venture. He is planning on expanding the Trump Brand to online gambling where he feels that the US is missing out on a lot of revenue that is being spent overseas through wagers.
Trump has “determined that such a joint venture represents the most advantageous for the company to participate in opportunities in online gaming at minimal cost to the company.”
The problem is many legislators are not seeing this issue from the point of view Trump inhabits. Governors such as New Jersey’s Chris Christie feel that putting a government “Stamp of approval” on online wagering will eventually lead to the demoralization of society as we know it.
There are many advocates for regulating online gambling. It may even be the only industry out there that is actually vying for government interference. So what is the problem? Officials don’t feel any real urge to make a decision. They are busy dealing with the economy, healthcare and unemployment to vote on the two bills trying to be passed through legislation.
So for right now the only thing to do is wait.