March 2015 – Internet Gambling

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Morgan Stanley Cuts Estimate of US Online Gambling Market in Half

Morgan Stanley has cut its estimate of the potential U.S. Internet gambling market by nearly half. The firm now estimates the nationwide online betting market at $2.7 billion by 2020, down from an initial estimate of $5 billion. In a report issue Tuesday, the firm predicts no additional states will approve Internet gambling this year. Three states […]

Senator Harry Reid Voices Support for Online Gambling Ban

In an interview with Nevada Public Radio, Senator Harry Reid voiced his belief that “online gambling is not good for our country.” Listen to the full interview at the link below, starting at 39:58.

PokerStars faces allegations of €300m fraud and tax evasion

PokerStars, the online gaming brand owned by Amaya Gaming, has been accused of large-scale fraud and tax evasion totalling €300 million ($318.4 million) by financial authorities in Italy. According to various reports, the tax fraud was run through Malta and the Isle of Man, which in turn meant Italy missed out on a sizeable amount of […]

Internet Gambling Hurts Union Jobs

Most, if not all casinos are built using union building and trades labor. Repairs to the physical infrastructure of casinos are many times made by union workers. Internet gambling is focused on replacing physical casinos, with casino games that you play on your handheld device or pad. If approved, internet gambling will reduce participation at […]

Urban League of Greater Kansas City Voices Support for H.R. 707

The Urban League of Greater Kansas City recently contacted Rep. Emanuel Cleaver II to voice their support for H.R. 707, the Restoration of America’s Wire Act. The full letter may be viewed here or in full below. March 17, 2015 Rep. Emanuel Cleaver II U.S. House of Representatives 2335 Rayburn House Office Building Washington, D.C. 20515 […]