Reid Wins Again In Nevada; Are Online Casinos On The Horizon?
- By Ryan Blalock
- Published 11/5/2010
- Legal Casino News
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Senator Harry Reid Senate Majority Leader was in the political battle of his lifetime leading up to the mid-term elections on Tuesday. Reid was the politician who stood to lose the most during the election, a fall that would have brought him from the most important senator in Washington, to unemployed.
Republican Sharron Angle game Reid just about as much as he could handle in the election, but the senator was bale to squeak out a win on Tuesday. Now, the state of Nevada and their gaming industry starts to look to the future.
Part of that future may be the addition of regulated online casinos. With the land-based casinos struggling to keep revenues up, some have started to prepare for the possibility of law changes in the US.
Those law changes would likely have to be facilitated by Reid and the Senate. Representative Barney Frank had led the movement to regulate Internet gambling in the House, but with control going over to the Republicans, Frank's bill is now likely dead.
Reid has always been against online gambling, more to support his home state casino industry than as a sign of personal conviction. In recent months, however, Senator Reid's office has asserted that the senator would be up for online poker regulations if the legislation was worded correctly.
Harrah's Entertainment is one of the companies that Reid represents, and they have broken from tradition and moved into the online casino market. The majority of land-based casino companies have been against online gambling, but Harrah's has set a precedent that other companies soon may follow.
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