Casino. Photo by Anna Shvets: https://www.pexels.com/photo/croupier-with-cards-in-casino-6664126/ In the United States, midterm elections are rarely a major event. Unless a Senator is facing his or her voters at the completion of his or her six-year term, the highest-ranking post up for election is indeed the House of Representatives.
However, elections for governor are held in several states. Some states, however, will be hosting elections and/or referendums soon that may have far-reaching consequences for online poker, sports betting, and the gambling industry as a whole. How Likely Is It That Nevada Will See The End Of Online Poker?
Nevada’s online poker business began in 2013. Although it has had varying levels of success – the very first online poker operation in the province, Ultimate Poker, collapsed within a year – it has been a relatively stable outlet that generates roughly $1 million per month (official statistics aren’t released because there aren’t enough sites operating).
November’s election results might change that, so will this lead to a rise of Florida online casinos , or will the all-new regulations make it look unattractive compared to other state laws? Two candidates are running to replace term-limited Governor Brian Sandoval.
The “purple” state will select between Democrat Steve Sisolak & Republican Adam Laxalt (there are candidates for two minor parties and a “none of these candidates” choice, but we’ll focus on online poker risks). Sisolak hasn’t addressed internet gaming in Nevada, but his opponent has.
Laxalt, Nevada’s attorney general, opposes internet gambling and poker. Laxalt signed an open letter seeking risks and returns involved in the Wire Act in December 2016. The 2011 DOJ finding that the Wire Act only applied to sports betting allowed states to pursue internet gambling and poker.
Laxalt’s hostility to casinos, notably MGM Resorts, and Caesars Entertainment, has extended into his governor’s race. Sheldon Adelson, the owner/operator of Las Vegas Sands Corporation, has spent millions to crush internet gambling & poker on the state & federal levels.
If Laxalt becomes Nevada’s governor – he leads Sisolak by a tiny margin in four polls – will he ban online poker? Or will he manifest it like Elon […]
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