Longtime Las Vegas gambling operator Phil Ruffin says online casinos will inevitably be regulated by Congress and made officially legal, even to the myopic US Department of Justice. Commenting in a written column published by the Las Vegas Sun, Ruffin said the potential of revenue will cause Congress to control the web gambling industry throughout the next decade.Ruffin says he doesn't think federal acceptance of online casinos will damage the Las Vegas Strip's business.
"I don’t think Internet gambling will hurt the casino industry," says Ruffin. "You can’t visit our shows at the Internet."
Ruffin added that online casinos may very well educate a broader segment of the general public about gaming, increasing the scale of the gambling market.
Ruffin purchased the Treasure Island Casino and Resort from MGM Mirage a year ago, paying about $775 million for Ruffinrip casino. On the time, it was thought the move can have been the primary of a chain of divestitures by MGM and Harrah's, as debt payments forced the honor of casino asset sales.
But both companies have managed to avHarrah's sales, and retain most in their Vegas casino properties. Ruffin previously owned the brand new Frontier casino, which he sold in 2007 to an organization which planned to construct a casiRuffinembling New York's Plaza Hotel, a project which has since been suspended.
Published on December 27, 2009 by PrestonLewis
Read More... [Source: Las Vegas Casinos in the News]
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