• US Gaming Group calls for Study of Online Gambling

WASHINGTON, May 2 (Reuters) – A trade group representing U.S. casino owners softened its opposition to Internet gambling on Thursday and called for a congressional study to evaluate whether online gambling could be regulated. The group, the American Gaming Association, previously supported efforts to curb illegal Internet gambling, which generated an estimated $11.9 billion in revenue last year. Most cyber-gambling sites are operated by offshore companies. Association President Frank Fahrenkopf said the board of directors "modified" its legislative position at a meeting on Wednesday and now favors a one-year study of Internet gambling by a commission which would report its finding to Congress. "Such a commission could evaluate whether legalization, regulation and taxation -- on a state-option basis -- may be a more viable option than a complete ban on Internet gambling," Fahrenkopf said in a statement. "Millions of Americans currently gamble online, and they will continue to do so. And many nations, including Great Britain, are in the process of legalizing, regulating and taxing online gambling," he added. Shares in British online gaming companies rose in response to the casino industry group's decision, which raised hopes that pending U.S. legislation to crack down on Internet gambling will fail. The share price of BetOnSports rose 5 percent on Thursday while PartyGaming Plc was up more than 4 percent. The association said a one-year study should also consider how to protect children and problem gamblers. The group said it remains neutral on pending Republican bills that would prohibit a gaming business from accepting credit cards and would ban interstate gambling through the use of Internet and related technology.

> Read the full story here Source: GamblingPress.com

PLAY & ENJOY NOW the most favored online casino by American players! Las Vegas USA Casino offers everything you wish from a Las-Vegas-style online casino - a generous 150% bonus up to $3,000 at welcome, more than 120+ thrilling and fun games with fast and various blackjack tables, huge progressive jackpots and much more - discover today one of THE BEST ONLINE GAMING DESTINATION ACTUALLY!