Las Vegas and the online poker market — two parties who both strongly advocate the legalization and regulation of online poker in the USA — will have been roused by reports this week that the world renown online Poker site PokerStars and the Las Vegas casino company Wynn Resorts have recently joined forces and are set to work together as a team to lobby for the legalization and regulation of online poker in the United States.
Steve Wynn, the owner of Wynn Resorts Ltd, has been quoted as saying that legalization and regulation for online gaming represents the only truly sensible progressive option.
Online poker is currently the single most played game in the online game market: a market which takes in approximately $25 billion per year. Of this $25 billion total, 20% is generated by players in the US.
Wynn has argued that legalizing and regulating an industry which generates such large taxable sums as soon as possible would benefit the US hugely at a time when the country’s funds are currently in great need of replenishment. Moreover, Wynn claims a legalized and regulated online poker industry would create a vast amount of new jobs and could therefore play a part in reviving the US from its present economic slump.
PokerStars, Wynn’s new partners, are in complete agreement with Wynn and are also eager to make their plans for a legalized and regulated online poker industry come to fruition.
Currently, there is much optimism among advocates of legalized online poker that this may soon be the case. Indeed, recently moves have been made to reach agreements between online operators and land-based casinos in New Jersey and Nevada. However, although things may currently look promising, it is only after the proposed bills are passed as laws that such optimism will have been seen to have been justified.