American Gaming Association President and Chief Executive Officer, Frank Fahrenkopf, wrote a letter to the Las Vegas Review Journal to clarify the AGA's position towards Internet gambling in reponse to the op-ed piece LVRJ published entitled "Wanna Bet?".
The LVRJ piece had said that "Mr. Fahrenkopf and the AGA are lukewarm on Internet gambling because it poses a competitive threat to brick-and-mortar casinos."
The esteemed gaming executive denied that AGA was lukewarm, and stressed that, "In fact, some of our member companies have been vocal about their interest in getting into this sector of the business should it be legalized."
Industry observers note that several AGA members already have online gambling ventures in the European market, making them better prepared should the USA online gambling market re-open.
AGA IS WORRIED THOUGH
Fahrenkopf then went on to raise AGA's concern with legislation to legalize and regulate Internet gambling on a federal level as it could threaten the long-held rights of individual states. He also cautioned that moving too fast could result in inadequate "protections to prevent underage gambling online and to safeguard those who may have gambling problems."
Following its Board meeting over the issue, in January 2007 Helen Thomsen of the association stated, "The AGA supports a study of online gambling in the US being congressionally funded. Such a study would look into how online gambling could be properly regulated and controlled (click here for related article).
Fahrenkopf reiterated that position, and said AGA wants to slow down legalization and regulation to allow time to study the surrounding complex issues, as outlined in the 18-month long Internet Gambling Study Act introduced by Reps Shelley Berkley and Jon Porter of Nevada last spring. That Study bill currently has 68 co-sponsor signatures compared to the 48 Congressional co-sponsors of Frank's bill.
Poker News
by PokerPages.com
Thu, Apr 17th, 2008 @ 12:00am













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