A Possible New Venture

Casinos in California are trying to introduce online gambling in return for profit stakes to be shared with the state. Read all about it here

A new scheme has been proposed by a group of Californian land-based casinos, which could eventually lead to the American government working hand in hand with the Online Gambling industry. According to their proposed plan, Claifornian leaders will be able to share in the revenues collected in return for a re-introduction of online gambling in the state.

The two main land-based casinos planning on proposing the idea officially to the Californian Legislature in the upcoming month are the Commerce Casino and the Morongo Band of Mission Indians Casino. According to industry experts, no less than a staggering $347 billion is wagered by players from all around the world each year. Despite the restrictions of the UIGEA, American online gamblers constitute a significant part of this number, and the re-introduction of online gambling in the State would no doubt boost it substantially.

The proposal of these bold casinos is unique in that it doesn’t just call for a re-introduction of online gambling within the state, but requests that they be allowed to operate such online gambling websites. If they were able to be taxed within the country, this would amount to major figures in profit for country and state leaders.

The most absurd factor in all this, however, is that online Poker is still legal under US Federal law! As the Spokesman for the Monongo Band of Mission Indians Casino, Patrick Dorinson has showed, there are approximately a million people in California alone playing online Poker from offshore locations, and are doing so at more than 1000 different websites. If all online gambling by Californian players could somehow be regulated to create a safe online environment, the revenue would be shared with the State and the problem solved. Also, if all business operations were maintain within the state, then this would make California exempt from the federal restrictions.

However, there are also those who believe that the re-introduction of online gambling in California could take away from the business of the land-based casinos and gaming halls. Cheryl Smith, President of Stand up for California!, maintains that harsh regulation is required in such circumstances. Additionally, Senator Roderick Wright has pointed out that any changes made must not take away from Indian Slots, which have exclusive rights over other kinds of gambling. The proposal is set to be reviewed later on in the week.