The CNBC financial news program "Closing Bell" addressed the probabilities of online casinos being regulated within the US yesterday. Two representatives of analytical firms were hosted by Melissa Francis, who conducted a discussion of the way forward for the U.S. gaming industry, particularly in regard to online gambling.David Katz of Oppenheimer and Andrew Parmentire of Height Analytics both gave viewpoints that regulated and certified Internet gambling within the US isn't a question of if, but if. The 2 didn't raise debate in regards to the philosophical importance of allowing individual freedom, but checked out the more pragmatic needs of the land-based casino businesses and the U.S. desire for the revenue that may be created.
Katz said the switch to online casino emphasis even by entrenched land operators is purely natural, considering limitations inherent in land gaming venues.
"There’s a finite opportunity for the brick-and-mortar guys to expand within the U.s.a. and at some point, they need to start thinking globally,” stated Katz at the program.
"Congress and states are in desperate need for money, and $50 billion can offset numerous social programs that Democrats are pushing these days,” added Parmentire.
The show coincided with the worldwide Gaming Expo currently ongoing in Las Vegas.
Published on November 20, 2009 by PrestonLewis
Read More... [Source: US Casinos in the News]
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