Some encouraging news for a change .... ?

[TruePoker CEO]

"International Game Technology (IGT) has gained approval from Nevada regulators for licensing allowing them to manufacture and operate mobile gambling systems. The slot machine maker and casino services provider is the second firm to be granted the license after the Gaming Commission voted unanimously to approve the company.'

As IGT goes, so goes Nevada's Congressional delegation, generally speaking.

[LesJ]

Thanks for the post, but please connect the dots for me just a little more.

Thanks,
Les

[mrhat187]

[ QUOTE ]
Thanks for the post, but please connect the dots for me just a little more.

Thanks,
Les

[/ QUOTE ]

I think what truepoker is reaching for is the fact that gaming companies are starting too see the available profits in mobile technology. Meaning if people can gamble because its more convient........they will. Now by association this would give more weight to the consideration study of internet gambling.

[TruePoker CEO]

IGT is likely the largest maker of gaming devices for casinos in the world, certainly in the US.

IGT is Nevada-based and very influential politically. It also is very much in tune with where the Brick and Mortars are headed.

Previously, only Cantor Fitzgerald had been okayed by the Nevada Gaming Commission for mobile gaming devices.

Connecting the dots ....

Senator Reid, the Senate Minority Leader, can possibly hold HR4411 from a vote this fall. Sen. Reid, a former Gaming Commissioner and very astute guy, certainly knows about IGT's interest and the Brick & Mortar's interest in mobile gaming.

IGT gets approval in Nevada for mobile devices ..

The AGA has a "study" focussed bill as an alternative to HR4411.

Senator Reid has shifted from "don't think it can be regulated" to something like "not opposed to study".

It's kind of like reading tea leaves, but it looks encouraging .... coupled with recent remarks by Frank Fahrenkopf, the AGA head and former head of the Republican Party.

B&M gaming may really want to stop HR4411.

[Nate tha\\\' Great]

[ QUOTE ]
IGT is likely the largest maker of gaming devices for casinos in the world, certainly in the US.

IGT is Nevada-based and very influential politically. It also is very much in tune with where the Brick and Mortars are headed.

Previously, only Cantor Fitzgerald had been okayed by the Nevada Gaming Commission for mobile gaming devices.

Connecting the dots ....

Senator Reid, the Senate Minority Leader, can possibly hold HR4411 from a vote this fall. Sen. Reid, a former Gaming Commissioner and very astute guy, certainly knows about IGT's interest and the Brick & Mortar's interest in mobile gaming.

IGT gets approval in Nevada for mobile devices ..

The AGA has a "study" focussed bill as an alternative to HR4411.

Senator Reid has shifted from "don't think it can be regulated" to something like "not opposed to study".

It's kind of like reading tea leaves, but it looks encouraging .... coupled with recent remarks by Frank Fahrenkopf, the AGA head and former head of the Republican Party.

B&M gaming may really want to stop HR4411.

[/ QUOTE ]

That's how I read Farenkopf's comment too. He's not ready for the AGA to take an explicit stance against the bill, but this may give some indication of what they're hoping for (and perhaps lobbying for) behind the scenes.

FWIW, I actually think there's been a fair amount of good news in August. This stuff ... the holds ... gaming stocks recovering. We'll see what it all means soon enough, though.

[Nate tha\\\' Great]

Speaking of encouraging news, banking industry opposition seems to be accelerating:

http://online.wsj.com/public/article/SB1...ff_main_tff_top

[mrhat187]

That is some more good news. I'm getting the feeling we will see a "double victory" coming in the works. What I mean by that is, the bill will be reduced too credit card transactions, and other payment options that are already unavailable to the USA players. This version of the Bill will probably pass both, and get signed by the president. So one side can say "see we are making progress in banning online gambling" meanwhile we keep playing the way we always have.

Good follow up CEO, you went more indepth than me, I don't know much about Nevada gaming.

[ubercuber]

To be honest, if all they try to do is ban US players from playing with borrowed money, I would support that. I have a huge problem with them telling me what to do with MY money, but I can tolerate restrictions on what I can do with someone elses money. Credit cards are already a financial death trap, gambling with the money is a VERY bad plan. There would still be ways around it though, of course.

[Lawman007]

[ QUOTE ]
To be honest, if all they try to do is ban US players from playing with borrowed money, I would support that. I have a huge problem with them telling me what to do with MY money, but I can tolerate restrictions on what I can do with someone elses money. Credit cards are already a financial death trap, gambling with the money is a VERY bad plan. There would still be ways around it though, of course.

[/ QUOTE ]

That's not what they are trying to do. Please search this forum to educate yourself on this bill.

[whitepotatoe]

[ QUOTE ]
To be honest, if all they try to do is ban US players from playing with borrowed money, I would support that. I have a huge problem with them telling me what to do with MY money, but I can tolerate restrictions on what I can do with someone elses money. Credit cards are already a financial death trap, gambling with the money is a VERY bad plan. There would still be ways around it though, of course.

[/ QUOTE ]

So problem gambler college students will just have to use cash advance instead. [img]/images/graemlins/wink.gif[/img]