Motley Fool Writer Believes Online Gambling is Imminent


It&s only a matter of time when US legalization will come

According to Margie Nemcick-Cruz of The Motley Fool investment journal, the future of internet gambling in the US, with the more and more certain poker legalization, is only a matter of time. It will be a major boost for all those land gambling giants anxious to get into the market, she assessed.

In her article, she reminded that “In 2006, sneaky Republicans tacked a clause onto a national security bill, in an effort to pander to their right wing, religious base, that essentially made online poker illegal,” adding that this caused many top companies to leave the US market, and struck quite a blow on investors.

As for the present, she referred to the PokerStars& takeover of Full Tilt Poker, assessing it as a shrewd move based on confidence in the likely legalization of the US internet poker market either at federal or state levels.

“I am here to tell you, unequivocally, it&s not a matter of if this takes place, so much as when. As poker is allowed in physical card rooms around the nation and defined by law as “a game of skill,” eventually politicians are going to come to their senses, and legalize the online version of it, regulate it, and bolster state and national coffers through taxation of the providers, and the 7% of players who actually win,” she opines.

She goes on to say that the legalization of online poker would immediately positively affect casino profits and margins, adding that despite the fact that the numbers would be small compared to overall revenues, they will almost certainly grow with time.

“It would give gaming companies a tremendously profitable revenue stream, as the entire casino player database would be employed to recruit customers.

“The advantage here would go to casino companies with the greatest number of players passing through its doors- MGM, Caesars, and Boyd Gaming, all of whom have casinos throughout the United States, while Wynn and Las Vegas Sands own fewer properties,” she noted.

In her article, the writer also predicted numerous partnerships between online poker rooms and land-based casinos in order to secure US online licenses, noting that the Pokerstars – Wynn deal may be reinstated.

She concluded: “Despite the fact that I believe casinos will have tough times ahead as the U.S. economy deteriorates, I see the development of [online] poker legalization as a foregone conclusion, and a wind behind the sails of these mammoth ships.”

Comments are closed.

Top Fruit Slot Sites

First Web Casino

First Web Casino
100% Match Play Bonus up to $75 Free at First Web Casino! PLay at One of the 1st Online Casinos on the Web....

Play Now

Las Vegas USA

Las Vegas USA
Deposit $20 to $100 and get a 125% bonus. Las Vegas USA gives players better odds than any of Las Vegas’ land-based casinos; and players are free to play in the real money as well as fun modes ...

Play Now

All Jackpots Casino

All Jackpots Casino
100% Bonus offer up to $200 Free at All Jackpots Casino. Plus, they are giving players 10% cash back on every purchase, up to 350 bonus credits per month! Together, this means you receive over 4000 bonus credits a year!...

Play Now

Slots Jungle

Slots Jungle
Slots Jungle will match each of your first 10 deposits by 100% up to $1,000 for a grand total of $10,000. No other online casino offers you this much extra free cash to play with. So start cashing in today! To collect, simply redeem bonus code: JUNGLEWELCOME ...

Play Now

Online Vegas Casino

Online Vegas Casino
$5000 in Welcome Bonus Offers at Online Vegas Casino . Receive Bonuses on Your First 10 Deposits and 4 Free Slot Tournament Entries of Your Choice!...

Play Now

GoWild Casino

GoWild Casino
One of the best things about GoWild Casino is its warm welcome package of €1000. Start off with •100% Bonus, up to 200 •35 free spins on the exciting Bonus slot - Hitman...

Play Now

King Neptunes Casino

King Neptunes Casino
Enjoy a 100% Welcome Bonus - up to $100 FREE - when you join King Neptune's Casino and make your first deposit!...

Play Now

WildJack Casino

WildJack Casino
Wild Jack Casino is offering an unbeatable 100% match bonus, up to 100 credits, with your first deposit! Plus, all players get 10% cash-back on deposits, up to 250 credits each month! That's over 3,000 credits per year! ...

Play Now

Casino Titan

Casino Titan
There’s a free (no-deposit) $7 for new players at Casino Titan plus you also receive up to $3000 in new player Bonuses...

Play Now

Planet7 Casino

Planet7 Casino
Another Fantastic Online Casino on the RealTime Gaming Software is Planet7 Casino. You can get a huge amount of Bonus offers up to $7777 on your 1st 8 Deposits to the casino. They also have a massive array of ongoing Bonuses and Promotions!...

Play Now

Recent Additions