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American Gaming Association Pulls Support For Online Gambling

American gambling industry group the American Gaming Association has announced that it has pulled its support for online gambling, given the lack of consensus on the issue.

The announcement was made by group CEO Geoff Freeman, who said online gambling is something that the AGA cannot lead on, because of differences of opinion between major casinos on the issue.

Speaking to the Wall Street Journal Freeman said: "One of the things I've learned in this industry is that we are extraordinarily competent at shooting at one another. The snipers in this industry are of the highest quality, and if you let that be the focus, we'll kill each other."

Casinos such as Caesars and MGM have come out in favor of regulated online gambling, and offer legal online betting services in Nevada and New Jersey. On the other side of the issue is Las Vegas Sands, whose CEO Sheldon Adelson has spent millions of dollars trying to get the act outlawed in America.

The change of stance could have been predicted by anyone who has been keeping up on the issue. Late last year Freeman was adamant in his group's support of internet gambling, saying that the lack of regulation has driven players offshore. Then in March, his stance had softened, after he called on his group to dial down on rhetoric, as online gambling was fracturing the membership of the group.

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22 May 2014 - 12:22am

So in other words... "We really do want to see online gambling regulated in the States, but we need to suckle on Mr. Adelson's teat for funding, so we withdraw our stance."

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