Monday, January 29, 2007

States May Want to Regulate Online Gambling

But “things are going to get worse”

According to Michael Corfman of Casino City Press, State regulators have expressed interests in getting online gambling regulated.

Addressing attendees at CAP Euro, Corfman said that regulators from “significant states” were not happy with the new laws, and rather saw it as an opportunity to tax it, and legalize online gaming.

"These regulators are not happy with the new laws," Corfman stated.

Corfman has been sworn to secrecy not to discuss which states are considering regulation but that these are "significant states."

State law to determine if it's legal or illegal within each jurisdiction. Regulators may see this as an opportunity to tax it, and legalize online gaming.

Corfman discussed with the affiliates in attendance the transitions that will be taking place and how difficult things will be for affiliates during the short term.

"This is just the tip of the iceberg and I am afraid things are going to get worse," he said.

Gambling911.com

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