Atlantic City, New Jersey - A New Jersey congressman says the USD 787 billion federal stimulus package is hurting the casino industry in Atlantic City. U.S. Rep. Frank LoBiondo wants to change a provision in the stimulus law passed in February that bans the use of money that benefits casinos or other gaming establishments. LoBiondo says Atlantic City is losing millions of dollars in business as a result of the provision.
The Gaming and Raffles Subcommittee of Mexico’s Chamber of Deputies has its proposed legislation ready in order to legalize casinos, which includes a series of safeguards in order to prevent money laundering and fines of up to USD 219,702 on establishments that violate the regulations. According to Armando García Méndez, who chairs the subcommittee, the project will be presented during the current regular session...
US Representatives Steve Israel and Pete King published an engaging editorial in the NewYork Post yesterday outlining why they are such staunch supporters to regulate and tax online poker and online gambling instead of banning it. The article, "Web Gambling: Tax, Don’t Ban", helps readers understand whey these two Long Island Congressmen were original co-signers of Barney Frank’s Internet Gambling Regulation and Enforcement Act (IGREA), HR 2046.
