Business Services Industry
Online Gaming Industry Is Better Off with Regulations, Analyst Says.
Knight Ridder/Tribune Business News, October, 2002
By Rod Smith, Las Vegas Review-Journal Knight Ridder/Tribune Business News
Oct. 29--Online gaming is being crimped by congressional inaction into the shadiest corridors of international commerce, according to casino industry analysts and attorneys.
"When you force legitimate businesses to the sidelines, it opens the world to people who operate in gray or black areas," said Internet casino expert and Las Vegas lawyer Tony Cabot.
"The online gaming industry would be better off regulated than being banned. The longer the U.S. stalls on the issue of legislating or regulating online gaming, the longer the industry will grow in gray areas of shadowy activity," said Bear, Stearns Co. Inc. online gaming analyst Michael Tew.
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