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AGA No Longer Backing Online Gambling

AGA No Longer Backing Online Gambling

The American Gaming Association (AGA) has quietly backed off from its push to legalize online gambling across the nation whereas just a few months ago it was urging Congress to approve and regulate the industry.

AGA No Longer Backing Online Gambling

The American Gaming Association has backed off from the fight to regulate online gambling in the US.

Members of the AGA are divided over the issue with some joining coalitions for and against a bill which would place a blanket ban on online gambling.

Its spokesman, Christopher Moyer, said, “It is not an issue we are focusing on, but rather letting others take the lead.”

Instead the AGA has said it will focus on issues such as licenses and regulation as “the AGA Board, including members on all sides of the issue, collectively agree that the right role for its trade association is to advocate for the many issues that unite our industry”.

The president of the AGA, Geoff Freeman, started trying to find a consensus over the issue last spring. However, he now believes it to be an impossible task. The CEO of Las Vegas Sands, Sheldon Adelson, is leading the fight against online gambling while MGM Resorts and Caesars Entertainment are fully backing it.

To dispel any doubts over where the AGA stands, Freeman has already said that the organization will no longer be involved in the issue of online gambling twice this month.

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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