Gambling Lobbyists Working Overtime
07 February 2010
BolaVerde Media Group (BVMG) recently released a new Internet Gambling Federal Lobbying report which estimates that $3.65 million was spent lobbying the U.S. government over online gambling during the third quarter of 2009. This was from both supporters and opponents. This money is a 50% increase from the previous year.
Mark Balestra, Managing Director for BVMG, states that they know that regulated internet gambling is going to happen and that they have a good feeling about who the big players will be in that market. He says that the increased lobbying spending is expected to continue this year and that new contributors will enter into the game.
Leading the spending frenzy were Harrah’s Entertainment Inc., UC Group Limited and the Interactive Gaming Council. Their combined spending was $2.04 million, or 55.9% of the total. This is money spent in favor of online gaming.
As can be seen in the above figures, there are many on both sides of this debate. This includes the federal government. While many in the government are looking to repeal UIGEA, there are still many who want to keep online gambling illegal for U.S. citizens.
iGaming Business reports that Harrah’s spent $2.41 million in the fourth quarter of 2009 trying to overturn UIGEA. The total spent in the fourth quarter was a 50% increase compared to 2008.
“An assessment of lottery spend also lends insight into what the regulatory model will look like and who stands to benefit,” said Balestra.
Gambling, whether in land based casinos or online, is big business with millions of dollars at stake. It stirs peoples emotions and their wallets. That is why so much has been spent on repealing or enforcing UIGEA and why it will contunue to be spent until someone makes a decision.
The battle over the life or death of UIGEA is an ongoing battle that remains in the headlines. It would be wise for all players in the game to take a look at who is doing what to influence the decision making process.
14 May 2010Canadian Man Pleads Guilty in U.S. Online Gambling Charge
Douglas Rennick, a Canadian man, has pleaded guilty to a count of processing offshore bets of U.S. citizens. Originally Rennick was looking at a charge of conspiracy and bank fraud. He had allegedly laundered $350 million dollars for overseas internet gambling companies. Rennick was indicted in August and on Tuesday entered a guilty plea to the one charge in New York Federal court. Part of the plea was forfeiting $17.1 million and a possible prison term of 6-12 months.Read full article
29 May 2006Politics of US gambling makes for odd bedfellows
Politics of US gambling makes for odd bedfellows By Edward Alden in Washington Published: May 26 2006 22:36 | Last updated: May 26 2006 22:36 Financial Times Of the 50 states in the US, in only two – Utah and Hawaii – is it impossible to find a place to gamble legally. Casinos dot America’s landscape, from the neon palaces of Las Vegas to some 400 more modest facilities on Indian reservations.Read full article
27 June 2006New state online gambling law raises doubts
Monday, June 26, 2006 Seattle Post-Intelligencer / seattlepi.com New state online gambling law raises doubts Some legal experts say it’s too broad to hold up in court By BLYTHE LAWRENCE AND TRACY JOHNSON P-I REPORTERS Weeks after a new state law about online gambling took effect, some legal experts are questioning whether it would hold up in court. The new law echoes a federal law that already makes Internet gambling illegal and upped the crime to a felony.Read full article