Steve Wynn and his company Wynn Resorts seem to be softening their stance on the prospect of regulated Igaming in the US.
Until recently Wynn and indeed most other terrestrial casino operators in the US have been ardent opponents of regulated online gambling in America. Their reasoning pretty simple...the more players going online, the less coming to Vegas and Atlantic City etc.
Last year the American Gaming Association (of which Wynn is a member) started to thaw on the issue, and without supporting Barney Frank's HR2267, they stated Internet Gambling could now be properly regulated. Member Harrah's have invented heavily online and now consistently count as one of HR2267's biggest supporters in terms of lobby spend.
Now, according to an article in the New York Times, Wynn have given the first indication yet that they may be moving from the opponent to supporter camp.
Their official stance has moderated seeing Igaming as "impossible to regulate" to a "let's wait and see" approach.
Analysts are suggesting that a tough few years for the industry is making it harder to ignore other possible revenue streams, even if it means opening the door to competitors.
The AGA is a powerful force in Washington that will likely have some impact on whether regulated internet gambling in the US does become a reality, and what form regulations take. It is suggested that while their support may presently be limited to online Poker rather than all casino games, as HR2267 seeks to cover.
Subscribe to feed