The Big Casinos want legalization and regulation, so they can get a piece of this huge (and growing) Internet pie. Passing this bill, in its current form, hurts more than helps this cause. No politicians currently have the guts to ask for a study on how to achieve this, since it is an election year.
Additionally, this bill hurts banks, in that it will require new policies to be implemented to enforce the law (which will cost a lot of money), AND implementation of these policies will reduce credit card activity, which will also cost them money. Further, there are lots of investment banks (Morgan Stanley, Merryl, etc.) that are invested in legal overseas gaming companies, so one would think, in principal, that this would make them be against this legislation.
Nonetheless, this administration and Congress ceases to amaze me with their decisions, so that’s why I’m pessimistic at this point. Our big savings grace at this time, is lack of time in the Senate. That is the card that I’m hoping for.