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Debates on the legalization of internet gambling is heating up on Capitol Hill as the House Committee on Financial Services votes on Wednesday 41-22 passing a bill that would allow American citizens to wage bets in online poker and casino games operated by licensed gambling companies.
At the formal session’s end on Saturday, a handful of bills weren’t able to meet the deadline.
For a significant amount of time, The Las Vegas Sands Corp.’s Macau unit has been operating very aggressively in terms of its marketing to high rollers.
Even with the financial challenges facing the Mohegan Tribe of Connecticut, the tribe remains very positive about its capability to finance for the Cowlitz Indian Tribe’s long-planned casino project in the La Center area.
On Wednesday, members of the House Financial Services Committee voted 41-22 to pass the bill sponsored by Democratic Representative Barney Frank from Massachusetts that aims to legalize some forms of Internet gambling.
The people of Massachusetts have for many years rejected casino gambling, a fact that has brought small wonder to many considering that the state was once inhabited by Puritan colonists.
Two investors from Lake Oswego, Matthew Rossman and Bruce Studer who have been pushing for years for a proposal to put up a private casino in Oregon have sponsored two initiatives that would gather signatures of registered voters in Oregon enough to get the two initiatives on the November ballot.
Las Vegas-based casino company MGM Resorts International has sold a land in Atlantic City for $73 million.
Revenue figures for fiscal year 2009 that ended June 30 show that the state of Pennsylvania collected the highest taxes from its casinos, exceeding that of Nevada for the first time, thus garnering the tag as the casino tax capital of the nation.
Last Wednesday, the House Financial Services Committee held a hearing on Barney Frank’s H.R. 2267 or the Internet Gambling Regulation, Consumer Protection and Enforcement Act.