Federal poker legislation still on hold
Don’t expect Congress to get its act together on federal poker legislation.
Don’t hold your breathe if you’re waiting for the Federal Government to regulate online gambling. That’s the gist of remarks made by MGM Resorts International CEO Jim Murren at the Southern Gaming Summit in Biloxi, Mississippi last week.
“It won’t be here likely at a federal level because the federal government is doing what they are best at, nothing at all,” he said in his keynote address. “It will be done at a state-by-state level and (MGM) will be actively engaged.”
Murren pointedly criticized house Republicans for their inaction on Federal poker legislation, “If it isn’t happening, don’t blame Sen. Reid. Blame the House Republicans. That’s where it is being held up.”
A number of states are racing to bring intrastate online poker networks online in the wake of the Department of Justice’s (DOJ) reversal on their interpretation of the Federal Wire Act last December. That move wasn’t necessarily as good for big casino companies like MGM Resorts as it might sound.
A patchwork of state-by-state gaming regulations creates major headaches for national firms looking for a piece of the poker pie. Another potential regulatory headache is that many states are likely to limit gaming licenses to companies with a physical presence in their borders.
The good thing is that the DOJ decision in spurring some action, even if it’s only at the state level so far. State action will then push the feds to do something.