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Non-Tech : Gambling, The Next Great Internet Industry -- Ignore unavailable to you. Want to Upgrade?

To: kidl who wrote (703)	9/19/2001 4:09:03 PM
From: Herc	Respond to of 827

Let's show Osama Bin Laden how decadent this country really is! We can help fund the war with tax revenues from internet gaming.

To: kidl who wrote (703)	9/23/2001 10:53:27 PM
From: Herc	Respond to of 827

I think this is a dandy time for ALL religious zealots to cool it. <<WASHINGTON -- After months of preparation, Rep. Bob Goodlatte, R-Va., signaled last week he was ready to introduce a bill to ban Internet gambling. "You'll know something on Tuesday," a Goodlatte aide said. Tuesday became Sept. 11, the day terrorists killed thousands after hijacking four airplanes and attacking the World Trade Center and the Pentagon. "Last Tuesday's tragic events altered a lot of things, including legislative schedules," Goodlatte said Wednesday. "I plan to introduce Internet gambling legislation in the near future." Goodlatte would not specify a date. Before the terrorist attacks, legislation affecting the gambling industry already had stalled in Congress. Now, bills such as a measure to prohibit betting at Nevada sports books on college games, seem even less likely to be considered until next year at the earliest. Supporters of the betting ban acknowledge this year's prospects look bleak. "Obviously, the whole schedule has been affected by last week's events. We just don't know what's going to happen," said Mark Brown, chief of staff for the bill's leading Democratic sponsor in the House, Rep. Tim Roemer of Indiana. While Frank Fahrenkopf, the industry's chief lobbyist in Washington, is not ready to declare the National Collegiate Athletic Association's betting ban proposal dead, he said the situation has shifted radically. "The NCAA bill and Internet gaming legislation are clearly on the back burner now," he said. "Congress is facing one of its greatest challenges ever, and it's clear that the NCAA bill and other bills of that nature are not top priorities." Those other bills include proposals to remove automated teller machines from gambling tables and increase the role of states in tribal gambling compacts. "From everything I am hearing, I don't know if we will pass very much this year at all," said Sen. John Ensign, R-Nev. "We will probably pass appropriations bills and maybe an economic stimulus package but nothing controversial." The Rev. Tom Grey, executive director of the National Coalition Against Legalized Gambling, said he is concerned that the economic downturn may encourage casinos to expand into the Internet market. "Obviously Congress is preoccupied with many other things, and that makes it incumbent on the Justice Department to do something (to prevent the expansion of Internet gambling)," Grey said. grossannualwager.com ontentSet=>>

To: kidl who wrote (703)	9/27/2001 8:28:27 AM
From: Herc	Read Replies (1) \| Respond to of 827

Associated Press - September 26, 2001 LAS VEGAS (AP) - The tourism slump stemming from the terrorist attacks is giving the gambling industry fresh incentive to look to the Internet as a way to attract business. Casino corporations eligible to apply for Internet gambling licenses planned to meet Wednesday through Friday with technology developers of proposed online casinos and regulators at the first Interactive Gaming Exposition and Conference. ``Given the significant falloff of business, particularly in Las Vegas, Internet gaming in an environment like this can have significant upside opportunities,'' said Marc Falcone, a gambling analyst for Bear Stearns Co., a Wall Street investment firm. ``If people aren't going out to casinos, they can continue to play at home.'' The conference, sponsored by the nonprofit Interactive Gaming Institute of Nevada and Bear Stearns, comes when hotel occupancy rates - normally around 95 percent on Fridays and Saturdays - were about 75 percent last weekend. Lawmakers in June approved a bill enabling Nevada to become the first state in the nation to offer Internet gambling. Federal law currently bars Internet gambling, but state officials say court challenges could change the federal government's position. Experts estimate revenues from Internet gambling - largely conducted by offshore companies because of the U.S. ban - reached $1.5 billion last year and could total $6 billion by 2003. Given the past month's disruptions in air travel and ensuing visitor decline, Anthony Cabot, Internet gambling legal expert and conference chairman, said the casino industry needs to be vigilant in pursuing the legalization of online gambling. ``I think ultimately in two or three months everything will be back to normal,'' he said. ``But this illustrates the need to market your product in several ways and not rely on one source.'' grossannualwager.com ontentSet=0