The land casino industry is starting to examine options regarding online casinos. Last week, the president of the American Gaming Association offered his opinion that legalized online gambling is the future in the United States.
Frank Fahrenkopf runs the organization responsible for representing the giant casino operators. On the board of the AGA are such gambling executives as Steve Wynn, Gary Loveman of Harrah's Entertainment, and Dan Lee of Pinnacle. This group has extensively lobbied in the past to keep Internet competition at bay by banning it.
But now, giant land casino resorts are next to impossible to finance, and revenues are dropping as travel becomes too expensive for many gamblers. And a new vision is taking place at the American Gaming Association.
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