Casino News: Colorado Stepped In the Direction Online Gambling

Colorado Stepped In the Direction Online Gambling

 April 27, 2011, 8:00 am (7 years ago)
Other than the agitation in the United States, one more state, named Colorado has taken its step in the direction of online gambling. As per the Denver Post reported, Colorado Gaming Association had conducted a study to decide what steps they will take with respect to online gambling.

The conclusion of that study was if Colorado does not take any proper stand in a timely manner then surely the emerging casino industry would be in danger.

Reports reveal that Congress will regulate and will make online casinos taxable. When this rule will come in to action, then all the land-based casinos that are not prepared to go online instantly will be at risk, in the competitive environment. Some of the major reasons behind this decision are as follows. America occupies almost 17% of the global online gambling industry, from which it generator nearly $6 billion annually. As per Denver Post reports, last week the major federal crackdown on three online poker sites fails to diminish the demand that online gambling be legalized and regulated.

Lois Rice the executive director of the Colorado Gaming Association revealed that, the study was conducted in anticipation of Congress eventual legalization regarding online gambling and the stated have to regulate it.

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