While on a campaign stop in Nevada this week Bill Richardson, Democratic presidential hopeful, said he favors repealing last year’s congressional ban on internet gambling.
According to Yahoo! a reporter talked to Mr Richardson regarding his stance and relayed the following information:
“I’m against shutting it down,” Richardson said in an interview with The Associated Press. “This is important to the economy of the state, as long as it’s properly regulated and it is.” While in this wide-open gambling state, the New Mexico governor said he might occasionally play slot machines but otherwise doesn’t gamble.
The Internet gambling ban prohibits banks from processing fund transfers from players to settle their online wagers. The Federal Reserve and other bank regulators were tasked with coming up with practical measures to enforce the law by July 2007.
Americans bet an estimated $6 billion per year online, according to industry figures, most of it through sites run by companies outside the U.S.
Bill Richardson is currently Governor of New Mexico and has previously served as a U.S. Representative, Ambassador to the United Nations, and as the U.S. Secretary of Energy as well as chairman of the 2004 Democratic National Convention
The expansion of Net Entertainment into new regulated markets has been a big part of the news cycle for 2015 and 2016, and as we prepare to kick off 2017, they have announced yet another deal. Thanks to an agreement with Codere, Net Entertainment will be entering Mexico with their full range of titles. This is a major deal in part because it's their first country-wide bit of expansion in North America.
Details on the Codere Deal
It’s official: New Jersey is open for online gambling.
After months of deliberation, negotiation, and compromise with the NJ Assembly and Senate, Governor Chris Christie signed a bill on Tuesday that makes online gambling in New Jersey absolutely legal within its borders.
His decision to sign the bill was based on many factors, some of which were a complete reversal from his views two years ago when he vetoed a similar bill.
Some Pennsylvania senators are seeking clarification from Governor Tom Corbett regarding the Pennsylvania Lottery and the ability for its private-run firm to possibly compete with state casinos through online gambling.
The Lottery contract with the private firm, Camelot Global Services, was finalized last week for a 20- to 30- year term. While the agreement prohibits video poker, video poker-like games, and video lottery terminals, it is less clear on Internet gaming.