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Slump Prompts Gambling Industry to Look to Internet27 September 2001LAS VEGAS, Nevada – Sept. 27, 2001 – As reported by the Associated Press: "The tourism slump stemming from the Sept. 11 terrorist attacks is giving the gambling industry fresh incentive to look to the Internet as a way to attract business. "…`Given the significant falloff of business, particularly in Las Vegas, Internet gaming in an environment like this can have significant upside opportunities,' said Marc Falcone, a gambling analyst for Bear Stearns Co., a Wall Street investment firm. `If people aren't going out to casinos, they can continue to play at home.' "…Lawmakers in June approved a bill enabling Nevada to become the first state in the nation to offer Internet gambling. Federal law currently bars Internet gambling [the Justice Department believes], but state officials say court challenges could change the federal government's position. "…Given the past month's disruptions in air travel and ensuing visitor decline, Anthony Cabot, Internet gambling legal expert and conference chairman, said the casino industry needs to be vigilant in pursuing the legalization of online gambling…" |