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Online Casino Proposal Receives 42 Votes of Support

42 U.S. politicians have so far endorsed a proposal for an investigation by a Congress-elected committee into the online casino industry. The proposal, put forward by Nevada Rep. John Porter, recommends a committee thoroughly investigate the online casino industry before taking any measures to legislate against it. The proposal has also been widely praised by both the online casino and land-based casino industries, along with the American Gaming Association (AGA).

If successful, the legislation could result in the first ever political study of online casino gambling. According to Porter, an in-depth understanding of the online casino industry is crucial before Congress makes any decisions about its future. Support for the legislation was also expressed by co-sponsor Jim Gibbons, who pointed out that “gambling has extended into new outlets and can be easily accessed through the Internet. In order to address this growing trend, and preserve the integrity and fairness of the games, we must conduct a thoughtful examination of the availability of online casino gaming,” he said.

The legislation seeks to establish an independent Commission comprised of nine appointed members, which will be tasked with conducting a comprehensive study of online casino gambling, including current U.S. restrictions on the online casino industry.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

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