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Change In Gambling LawsWednesday, May 16th, 2012 As I walked down Broadway today on my way to getting a haircut, I noticed an overwhelming police presence. I also noticed quite a few news vans. My initial instinct was that some heinous incident involving multiples deaths must have just went down. Then I noticed that there were guardrails between the street and sidewalk and it immediately became clear some sort of event was to take place. I found out from an officer that President Obama was in town and giving the Commencement Speech and the Barnard College graduation. It was of little surprise that the President’s speech was to center on gay marriage and equal rights. That we have a president that would take such a huge political risk in favor or Civil Rights makes me very proud to have him as our chief representative. Change often takes a long time to happen, but it seems, in history, when change gets a little bit of traction it tends to happen all at once. For the longest time it was political suicide for a President to come out in defense of gay rights, but now that President Obama has done it, the opposition has been exposed for the bigots [...] Continue Reading… Online Casinos and HistoryWednesday, May 16th, 2012 It would help if people had some sense of History. If the United States voting public had any sense of historical context they would see, not only the absurdity of protesting gay marriage, but how inexcusably bigoted it is to protest gay marriage. Not that it was necessary but people have been throwing up memes on Facebook that compare the anti-gay demonstrations to the demonstrations of the 50s and 60s when people were protesting racial equality. I have a feeling if any of the people actively attempting to prevent Americans from enjoying equality and standing in the way of Civil Rights new that they were in the same category as the people that attempted to prevent little black kids from entering public schools in Kansas, they would take an appropriate step back to reassess their position. While online gambling is not nearly as important a civil issue as gay rights, there is another major historical lesson that we should be pulling from when it come to vice. Less than a century ago the United States placed a ban on all alcoholic products. The ban on alcohol not only created a major crime wave that left the streets of the country [...] Continue Reading… Online Gambling ConvenienceWednesday, May 16th, 2012 Not too long ago there was a fad that brought about the resurgence of the coin operated slot machine. Most people know that the modern slot machine only operates on paper money and vouchers. It makes for a far more convenient gambling experience and allows slot machines to accept much bigger wagers. However, there is something nostalgic about having actual coins clunk out into tin tray. Outside of these nostalgic venues, the coin operated slot machine has really given way to the paper machines. It is very difficult and typically futile to resist the development of technology. This is something that the whole brick and mortar casino industry will soon have to reckon with. Casinos are usually located off of major highways because they are easier to access that way. Convenience matters a lot in the casino industry. That is why so many major casinos have hotels attached to them so that people can conveniently stay overnight. They also have restaurants so that people can conveniently get a bite to eat without leaving the venue. It will be very difficult for the casino industry to out convenient the cell phone. People now have the luxury of saving money on food, [...] Continue Reading… Dawn of the Online Gambling AgeWednesday, May 16th, 2012 The world as we know it is changing and it does not look likely, minus a major natural disaster, that we will ever go back to some of our old ways of living. Somethings I will miss and others I will not. One thing I will miss is the All-American road trip. As the nation that invented the automobile, it is very fitting that the United States would make a tradition out of taking long trips in their vehicle. In most parts of the world, fuel is so expensive that people do not make a habit out of this. Only recently, with gasoline at an all time high price have people in the United States began thinking twice about this great American pastime. This is going to affect the casino industry. We are at the dawn of the online gambling age in the United States and the timing could not have been more perfect. The casino industry has always been directly related to the road trip. For many years people would either jump in a car and commute to either Las Vegas or Atlantic City, depending on the coast in order to have a night of gambling. However, that has [...] Continue Reading… Development of Mobile GamblingWednesday, May 16th, 2012 Nevada, if they are smart, had better prepare for the future. Throughout the history of every industry giants have fallen. Even now the east coast is watching New Jersey fall from being the long standing number two casino destination in the country as other states establish their own gambling industries to lure their residents away from crossing state lines. It seemed impossible that Atlantic City would fall, but Pennsylvania was able to steal the throne relatively easy. At the moment Nevada looks untouchable as the dominant casino Mecca in the United States. When it comes down to competition from other states with brick and mortar casinos, I do believe that Nevada is actually untouchable. Las Vegas is an international tourist attraction. However, I do not believe Las Vegas is completely impervious. We live in a time where most people would prefer to do everything if possible via computer. It is not the computer that is so much the threat a it is mobile device. Mobile gambling may be the single biggest threat the Nevada has ever faced and they need to do everything in their power to ensure that they are key players in the development of mobile gambling if [...] Continue Reading… First to Offer Online GamblingWednesday, May 16th, 2012 As states make moves to regulate online casinos the battle begins to make claims to various parts of the industry. The beautiful thing about online casinos is that the industry is an open frontier since it is highly unlikely that any of the overseas online casino operators will maintain much of the American market. I just cannot see the American consumer trusting these companies, especially if they lie outside of the regulatory powers of the United States. Nevada has a strong interest in becoming the home of the Internet gambling industry. As it stands all things gambling in the United States come out of Nevada. Much of the state’s economy rest on the gambling industry. Simply due to the fact that when people think casinos in the United States Nevada comes to mind gives the state a good chance at becoming the headquarters of the online gambling industry. However, it must be made clear that there is no reason the industry must be placed there. Nevada, like any other state would have to have to build a network of servers to deal with the traffic for online casinos. The only thing that Nevada really has going for it is that [...] Continue Reading… Home of the Internet Gambling IndustryWednesday, May 16th, 2012 As states make moves to regulate online casinos the battle begins to make claims to various parts of the industry. The beautiful thing about online casinos is that the industry is an open frontier since it is highly unlikely that any of the overseas online casino operators will maintain much of the American market. I just cannot see the American consumer trusting these companies, especially if they lie outside of the regulatory powers of the United States. Nevada has a strong interest in becoming the home of the Internet gambling industry. As it stands all things gambling in the United States come out of Nevada. Much of the state’s economy rest on the gambling industry. Simply due to the fact that when people think casinos in the United States Nevada comes to mind gives the state a good chance at becoming the headquarters of the online gambling industry. However, it must be made clear that there is no reason the industry must be placed there. Nevada, like any other state would have to have to build a network of servers to deal with the traffic for online casinos. The only thing that Nevada really has going for it is that [...] Continue Reading… Reluctant to Regulate Online CasinosWednesday, May 16th, 2012 Right now the online gambling market in the United States is a wide open frontier. There are no companies in place that can be sure to dominate the market once legislation is in place. Even beyond that there is no one location that is in clear running for being the home of the industry. There are a few companies and networks in place that have the potential to dominate a certain part of the field, but for every one potential superpower, there is another that stands just as good a chance. However there is one long standing establishment that I do not feel has a real chance at holding on to the influence that it currently has at the moment. Part of the reason that the United States government has been so reluctant to regulate online casinos is because offshore companies got at the industry first. Often when a certain location gets at a new industry first if becomes difficult to pry that control away from them. I do not believe this will be the case with online casinos in the United States. There is a major lack of trust among American gamblers and these companies operating in obscure nations [...] Continue Reading… Regulating Online Casinos In The United StatesWednesday, May 16th, 2012 Potential money has become a big deal to the individual states that make up this nation ever since the recession hit. Every legislative body has been scrambling for ways to create new revenue that can help them close up serious budget gaps. Gambling has become the focus for many state that either do not already have a casino industry or lack full service gaming industries. When Pennsylvania decided to build casinos it realized that it was missing out on hundreds of millions of dollars a year to residents that were traveling across the state line to New Jersey. It would appear that states are finally becoming wise to the fact that they are missing out on hundreds of millions more to people that are wagering online to unregulated companies overseas. If there is one thing that consumers in the United States appreciate, it is quality control. I am positive that if gamblers in the United States had the option, they would not prefer to make wagers on websites operated by unknown countries from overseas that have now laws deterring them from illegal behavior. Regulated online casinos here in the United States would bring a lot of comfort to the American [...] Continue Reading… Arguments Against Online GamblingWednesday, May 16th, 2012 I will believe state and federal governments that their main concerns about legalizing online gambling relates to health issues and underage gambling when they stop the sale of alcohol and tobacco products. I do not actually want them to do this, but the fact that these products are legal sort of makes their arguments against online gambling seem ridiculous. There has been the concern that if online casinos were to be regulated in a state that it would lead to people going on serious gambling benders or even exposing minors to gambling. While I am not arguing that fact this will probably happen in some rare cases, this is a risk that they are willing to take with other vices. Having alcohol and tobacco products in a home increases the likelihood of a consumer abusing the product or a minor accessing it. The real reasoning for most things in this country is money. Until now it has been very difficult to find a way to ensure that the revenue made from online casinos had a reliable way of being taxed. Now that technology has gotten to a point where legislators can conceive of ways of keeping close tabs on the [...] Continue Reading… |
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