US Delays Online Poker Laws until 2013

The gaming industry has been warned by a wall street gaming analyst that no significant changes will be seen to the US online poker laws before next year.

This warning follows a report that the online poker legislation that was eagerly awaited was not contained in the bill by Sen. Harry Reid. The bill has already been approved by Congress and now awaits President Obama’s signature which is one of the main reasons for the delay in the US online poker laws.

Chad Beynon, a Macquarie Securities gaming analyst pointed out that the state of Nevada would be gaining a substantial amount because of its lax gaming regulations that is due to go into effect next month. He added that Las Vegas, Nevada is already known to be the poker capital of the United States.

Businesses in Nevada are bound to benefit from the growth in online gambling and land-based casinos and gambling companies which include MGM Resorts, Caesars and Boyd Gaming Corp have entered into lucrative contracts with online gambling companies in the hope of legislation of the industry taking place.

Beynon also stated that leading online gambling software companies would meanwhile be pushing for changes in online poker legislation on a federal level while at the same time continuing to seek operating licenses in Nevada and other states where intrastate online poker could be legalized in the near future. Requests for operating licenses in Nevada have already been submitted by thirteen companies.

Zynga is one of several companies who are trying to gain a foothold in the online gambling industry by entering the social media gaming sphere.


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