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Online gambling is the future, but bookies going online struggle

Las Vegas is split on online gambling, with some sides offering support, and others are disinterested.

Published Mon, Feb 10 2014 4:20 PM CST   |   Updated Sat, Aug 8 2020 10:29 AM CDT

The casino industry in the United States understands the great potential for online gambling, though underage gambling, money laundering, and increasingly difficult national legislation makes it a rather confusing battle.

Online gambling is the future, but bookies going online struggle | TweakTown.com

The Coalition to Stop Internet Gambling recently launched an ad effort to warn against Internet gambling, with an emphasis on criminals and terrorists potentially using the online service to commit money laundering. Las Vegas Sands CEO Sheldon Adelson, who supports the coalition's effort, said he's ready to spend "whatever it takes" to keep online gambling out of the limelight in the United States.

"The coalition will operate exclusively at the federal level - encouraging Congress to embrace regulation as the best means to protect minors, detect money launders and eliminate a dangerous black market," Geoff Freeman, American Gaming Association President, recently noted.

Casinos in Las Vegas and Atlantic City aren't as keen on Internet gambling, as they are concerned that online sites will keep people from visiting casinos. However, the Coalition for Consumer and Online Protection, with support from Caesar's and MGM, for example, want to throw their weight into the potential market.

NEWS SOURCE:sfgate.com

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

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