I don't know why the situation is so tense. I'm sure that, in the future, an online casino will provide the same money as a brick-and-mortar casino. That's why I believe that online gaming could be a part of the financial services industry.

Retiring lawmakers are entering a job market that has openings with some of K Street's biggest players -- jobs that include seven-figure salaries or the chance to rub elbows with Hollywood stars. Redirect Virus

"Online gambling operatives and their backers in the financial services industry may have a new stumbling block in getting legislation passed that would reverse a ban on Internet gaming: the Morongo Band of Mission Indians," Roll Call (subscription) reports. Mike @ excessive sweating and how to stop excessive sweating

Governments Blind To collateral Economic Damage / Social Demoralization Cause By Gambling

It is a bad bet for local communities and states to rely on gaming to pay their bureaucrats’ salaries and budget deficits. I know, because I live in Nevada. Casinos can prove to be a net financial and motivational loss to communities; gambling losses do not contribute to local community businesses, do not create well paying jobs; gambling profits go to casino owners, which many live far away. Few people win, most that lose—can’t afford it and lose repeatedly. Gambling casinos/and slot-parlors once established in a community amplify people’s gambling and other weaknesses, reinforce failure thwarting Citizens’ motivation to do things productive. States and local communities that believe gambling will provide tax revenues may be blind to the obvious collateral economic damage and resulting social demoralization gambling can cause a community e.g., gambling addiction, more foreclosures, increased crime and divorce; gambling establishments take dollars away from strapped local businesses causing layoffs and business closures. Most often casinos are followed by, fast check operators charging huge interests and pawnshops.

Las Vegas residents are not only trapped on a sinking ship, each passing month they can see further signs of encroaching economic ruin. Perhaps contributing to the demise of Las Vegas is negative energy that inundates local and Valley residents. Many residents are victims of their state economy dependent on Citizens “losing” their money to pay its budget. That negative energy permeates Las Vegas and it is hard to getaway from. It may appear impossible to find a place to go in Las Vegas that isn’t proliferated with slot machines and alcohol. During good times Nevada made little effort to create non-gambling places for families. Children not involved in sports have limited options, perhaps contributing to Nevada’s serious youth drug problem. Despite 40 other states legalizing casino forms of gambling over the last two decades, Nevada did almost nothing to attract non-gaming businesses and industries to employ its residents year-round. It would appear there are already too many Las Vegas casinos and foreseeable because of casinos’ high operating costs, many at some point will fail. If Nevada were to impose a state income tax, no doubt people with money would leave the state quickly.

Leave it to Rep. Barney Frank to introduce a bill that will destroy the lives of countless Americans. Barney Frank’s recently submitted a bill that effectively legalizes and regulates online casino gambling nationally. There has been little discussion in the press or from affected labor unions in Nevada how much legalization of Internet gambling may increase Nevada’s unemployment now 14% or higher. After Barney Frank’s bill is passed, any private home in American with a computer has the potential of becoming a 24/7 Casino. Players at home need only a credit card to gamble their life away. They won’t have to drive anywhere to gamble. It would seem any further drop in Nevada gaming revenues caused by national legalized online gambling will further balloon Nevada’s budget shortfall. Nevada Legislators need to consider the long-term impact legalized online gambling will have on Nevada employment. Online casinos don’t need to employ culinary, casino, hotel food severs, bartenders, bellhops or card dealers; or need pay much employee insurance. While casinos in or near large populated cities on the East Coast may not have to layoff off workers, Nevada is way out in the desert.