New Democratic leadership in the U.S. Congress could provide a
chance to explore legalization of online gambling, the chief executive of
casino operator MGM Mirage said on Wednesday.
A new U.S. law making it illegal for banks, credit card companies
and online payment systems to process payments to online gambling companies
“makes no sense whatsoever,” MGM CEO Terry Lanni said at a gambling conference
held here.
“The Republican Party pandered to the religious right,” he added.
In October, Senator Bill Frist of Tennessee was successful in
tacking the Internet gambling ban onto a popular bill on port safety.
Frist is retiring from Congress as he mulls a possible run for
the 2008 Republican presidential nomination.
Passage of the U.S. law pummeled shares of British-listed
Internet gambling companies, which have since withdrawn from the U.S. market.
“Britain wants to be second to none in regulation of Internet
gambling … We firmly believe that the way forward is to regulate, rather than
prohibit,” said Peter Dean, chairman of Britain’s Gaming Commission, who also
spoke at the conference.
Lanni said MGM would like to see a study commissioned to examine
whether online gambling can be successfully regulated in the United State.
The American Gaming Association, of which Lanni is the current
chair, is expected to decide in December whether to pursue legislation calling
for such a study.
Dean said that from a British perspective, the U.S. ban is
puzzling, in that “prohibition doesn’t have a conspicuous record of success in
this country … the obvious result is that the activity is going to be driven
underground.”
Wynn idn poker Casino
Resorts Plans Macau Expansion
Wynn Resorts announced Wednesday of the further expansion of Wynn casino in Macau.
This new expansion will add a second self-contained, fully integrated resort
hotel with all related amenities including food and beverage, retail,
entertainment and a casino to the existing property.
Certain portions of the gaming area of the new hotel are part of
the previously announced expansion of Wynn Macau, which is expected to open as
soon as Chinese New Year in February 2007, less than 90 days from now.
These gaming areas are included in the previously announced $1.2
billion budget for Wynn Macau. The new games will be operated in the short term
as a second phase of its existing hotel casino until the balance of the project
is completed.
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