Casino News: An Expensive Business

An Expensive Business

 April 14, 2007, 6:34 pm (11 years ago)

The newspaper USA Today claims in an article which appeared this week on political liaison aimed at persuading politicians to see things your way that online and more traditional land gambling interests spend millions of dollars every year on lobbying activities in the USA.



Sources for this financial bonanza include online gambling companies, land casino firms, Indian tribes and horse racing collectives among others, and the newspaper predicts that firms specializing in this lucrative field of federal and state political influence will again invest many millions in it this year. However there are some people that are involved that should not be involved and are investing funds illegally at least in the United States, those people are going to get caught. However, the people hope that there will be a movement soon to get the gambling casino online business back up and running as it was before. However, will the companies that were working with us before, work with them again?

The $25 million it is officially recognized the gaming industry as a whole spent on lobbying in 2006 was a slight increase over the previous year's total, but down from the $28.5 million spent four years ago.

Overall, companies, associations and other groups spent $2.5 billion on lobbying in Washington last year.

The industry also has Republican allies in powerful posts, including Sen. John Ensign, a Nevada Republican, who now heads the National Republican Senatorial Campaign Committee.

Much of the gambling industry's 2006 lobbying centered on legislation to ban online betting. The measure became law after former Senate Majority Leader Bill First attached it to an unrelated 'must-pass' security bill passed late at night last year as Congress was about to recess for mid-term elections.

USA Today also covers more recent developments involving the attempted repeal of the UIGEA by Rep. Barney Frank, chairman of the House Financial Services Committee, who told The Financial Times recently that the Internet gambling ban was one of the "stupidest" bills ever passed.

"It's a subject the public cares somewhat about," said Robin Hanson, an economics professor at George Mason University who studies the gambling industry. "But they're not overwhelmingly passionate about it."

There are many people that work together in making sure that the online casinos and gambling still take place, however, there are many people that are getting caught at the game and that don’t really need to be getting involved. People that are not involved inside of a company that is legally having casino gambling doesn’t need to be trying to get their piece of the pie.

AddThis Feed Button Bookmark and Share

  Related News
Jun-16-2008 Why not regulate rather than banning?
May-09-2008 Poker's top asian pros eye top plum at APT manila
Apr-08-2007 WTO appeal
Dec-07-2006 Major Israeli investor in 888.com has a billion dollar plan for Middle East peace
Jul-16-2008 Tighter Regulation might solve the problems with online gambling
 Comments (0)    Back to Top
Verification (Enter the text in the image above)
Name
Automatic Translation
Extra extra read all about it, join our newsletter and receive updated online casinos news, useful tips and top bonuses to your email absolutely free!
Email:
Privacy Policy |  Terms of Use |  Gamblers Anonymous
Copyright © 2009 Online Casino Extra