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Las Vegas City Council to Explore Internet Gambling4 January 2002LAS VEGAS –– As reported by the Associated Press: “The City Council has taken a cautious step toward making Las Vegas the first U.S. city to license and regulate Internet gambling. ”Citing the need for new revenue, the council voted 6-1 Wednesday to study the issue. ”…The move could one day allow Internet gambling sites to use the city's name and its seal as part of their marketing efforts. So far, three companies have expressed interest. ”…Although the federal government considers Internet gaming to be illegal, Nevada is working on regulations that would let it become the first state to allow Internet gambling and capture some of the estimated $2.2 billion wagered worldwide over the Internet in 2000. ”…A law passed in June authorized Nevada gambling regulators to craft rules allowing state casino operators to also operate Internet casinos, providing key conditions were met. The commission must decide that Nevada-based Internet casinos comply with all applicable federal and state laws. ”Dennis Neilander, chairman of the Gaming Control Board, has expressed reservations about such a partnership, citing the potential for scandal if such a site could be accessed by children or other unauthorized users. ”But others argue that Internet gambling is inevitable and that the only question remaining is how it will be regulated. ”…Another possible obstacle could come from the gaming industry, which has frowned on new competition…” |