Next thing you know Vegas drops in a couple a billion to get the ball rolling. They are doing pretty good knocking out relatively speaking Party Poker, 888, well let’s just say they dominate.
There would be no “knocking out” – the law will be designed to allow only land based US casinos to have online presence – period. It will be an absolute local monopoly.
We are talking about gambling here, not cards, PCs, hotel rooms, credit cards – all of these things have some kind of offline regulation, but not nearly as severe as gambling. Gambling is so regulated that you cannot fart in a casino without the supervision of the local gambling board, memebers of which are present in almost every casino all the time.
Ok, lets start from here, and see if we can agree on this:
If a law is passed in the US legalizing online gambling – only local land based casinos will be allowed to run online casinos.