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Andrew Zarnett Says Online Gambling Legal in 2013
12/05/2012 : TOP U.S. ANALYST OPINES STATES WILL LEGALISE ONLINE GAMBLING IN 2013
As the Reid-Kyl bill struggles to make progress in the dying days of the current Congress, eyes are turning toward a state-by-state solution
Respected Deutsche Bank gaming analyst Andrew Zarnett has opined in a research report that in the absence of a federal legalisation of online poker it is likely that individual US states will provide their own legislative solutions for the pastime in the coming year.
Zarnett's perspective comes against a background of increasing desperation as the Reid-Kyl bill struggles to garner support; this week the American Gaming Association issued a statement urging Congressmen and women to get behind the bill, which seeks to legalise online poker at the expense of other forms of online gambling.
The analyst suggested that investors should "shift their thinking" to the implications of possiblle legalisation on a state-by-state basis. He referred to current intrastate moves in Nevada, saying that once operations commence in the state, which has already approved a number of internet poker licenses, a practical assessment of economics, tax, tribal issues and the general pros and cons would become more reliable.
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