Online gambling has a opportunity in U.S.
“While the U.S. Congress cracked down on Internet gambling, that included Blackjack, Roulette, Slots and Poker in 2006, the large, publicly traded European firms that had controlled the business closed up the oprations in the United States. Rise in the thriving industry moved away from these corporations, previously the darlings of the stock market, to private promoters in offshore places like Antigua and the Isle of Man.
“But now, managers of some of the European corporations whisper excitedly that they may soon come back to the United States. For the moment, a number of European countries that have long maintained limits are moving, under pressure from polititions and regulators, to make legal, and tax, online gambling.
“…The greatest possible change would be in the United States, where, possibly within days, Representative Barney Frank, Democrat of Massachusetts, is predictable to initiate legislation directed at turning over the Unlawful Internet Gambling Enforcement Act.
“…Mr. Frank attempted and failed to do so once before, in 2007. But defenders of liberalization think they might get a friendlier hearing in Washington this time. President Barack Obama, and the Democrats, who are viewed as less unfriendly to Internet gambling than the Republicans, have tightened their grip on Congress.
“A research by PricewaterhouseCoopers says the U.S. government could bring in additionally $50 billion over 10 years from taxes on legalized online gambling…
