A prominent US-based gaming lawyer and the CEO of a major casino gaming company presented totally different views regarding the future of the online poker industry in the US.
Speaking at a 2-day online gaming law conference held in Aria Hotel in Las Vegas, attorney I. Nelson Rose said that he doesn’t expect any online poker bill to be passed in the near future although the demands for such laws from online gaming companies and online poker players are quite strong and in spite of the argument that such laws will increase gaming revenue. Rose, who teaches gaming law at the Whittier Law School in California, is pessimistic in his views because the Congress has shown that it is unable to agree on any specific law.
Rose also stated that New Jersey, California, Iowa, Massachusetts, Florida, and Nevada have shown that they are capable of passing intrastate online poker laws. According to him, states such as Oregon, Washington, Arizona, Oklahoma, Nebraska, Mississippi, Louisiana, Michigan, Indiana, New York, Ohio, Connecticut, and Pennsylvania are capable of entering the intrastate gambling market because they already have tribal gambling and casino activities. He also says that low population might pose as a challenge for intrastate poker.
On the other hand, Gary Loveman, the CEO of Caesars Entertainment, is much more optimistic about the future of online poker in the US. Addressing investors at a meeting, Loveman stated that regulated online poker will become a reality in the US within 12 – 14 months.
He stated in an article published in August on Poker News Daily: “I do believe there’s a will in Congress to correct this. There’s a sense of inevitability that this ought to be something people should do and that we ought to clean up the regulatory and policing environment for it and that’s what we’re seeking.” He also stated that the online poker industry in the US could generate as much as $5 billion annually.
According to Loveman, Caesars is ready to enter the US online poker industry as soon as the Congress passes the bill and has already signed a deal to facilitate its smooth movement into the industry. In March, Caesars Entertainment signed a deal with 888 Holding Plc to establish a WSOP brand to provide online poker services to non US players. Besides, Caesars Entertainment has already achieved a lot in the online gaming industry and is already well ahead of its competitors.