Reid ‘Still Working On’ Online Poker Bill

Discussion in 'Wall St. News' started by rodmike9, Dec 9, 2010.

  1. Reid ‘Still Working On’ Online Poker Bill

    By Alexandra Berzon

    Senate Majority Leader Harry Reid (D., Nev.) hasn’t folded yet in his effort to make Internet poker legal, Reid spokesman Tom Brede tells Washington Wire.

    Mr. Brede said in an email that Mr. Reid is “still working on” passing the online poker bill. The email exchange came after the Las Vegas Sun reported earlier Wednesday that Mr. Reid said legalizing Internet poker was no longer an objective during the lame-duck session.

    Several other people lobbying for the bill said they believe Mr. Reid may still try to get it attached to must-pass legislation. “Until Congress adjourns I am not saying it’s dead,” said John Pappas, executive director of the Poker Players Alliance.

    Mr. Reid’s idea of moving an online poker bill that would heavily favor Nevada casino companies has stirred up a tempest in Congress’s final days. While investors in casinos and slot machines grew excited, several Republican lawmakers disparaged the legislation as preying on “the weak and the vulnerable.”

    Las Vegas casino analysts and consultants Union Gaming Group said in a report Wednesday that they estimated the online poker market in the U.S. would be around $3 billion in 2012, with potential to grow much larger; that would translate into more than $1 billion in earnings split among several large casino companies. The largest sums are likely to go to casino giants Caesars Entertainment Corp. and MGM Resorts International, both of which were among Mr. Reid’s top supporters during his fierce re-election fight this year.

    http://blogs.wsj.com/washwire/2010/12/08/reid-still-working-on-online-poker-bill/
     
  2. 377OHMS

    377OHMS

    I'll never spend a cent in Nevada ever again.

    Reid is the symbol of corruption and his reelection is criminal. Let Las Vegas and the casinos rot.
     
  3. zygoting

    zygoting

    Yes! C'mon, Harrah Reid! One time baby!