ADVISORY/Internet Gambling Bill Approved in Nevada.Business Editors ADVISORY... --(BUSINESS WIRE)--June 5, 2001 TOPIC: Legislators recently approved a bill that will allow Internet gambling in Nevada, according to an article by The Associated Press. Although the Justice Department considers Internet gambling illegal, some officials reportedly say this action could change the federal government's position on the issue. Experts say revenue from Internet gambling, which is conducted by offshore companies due the U.S. ban, may reach up to $6 billion in 2003, the article says. The Gaming Control Board and Gaming Commission will draft rules to assure that minors and online players residing in states that prohibit gambling will not be able to participate. EXPERTS: ExpertSource can offer several highly qualified experts to comment on this story: Considered one of the top gaming law Gaming law can be described as the set of rules and regulations that apply to the gaming or gambling industry. Gaming law is not exactly a branch of law in the traditional sense but rather a transversal gathering of a range of legal topics related to gaming which encompasses experts in the nation and the world, Attorney Anthony Cabot has established himself as an authority on the legal and regulatory issues involving Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the gambling. Cabot is a major figure in the potential regulation of Internet gambling and has testified before the U.S. Senate and the National Gambling Impact Study Commission on the issue, as well as moderated hearings at the New Jersey Legislature The New Jersey Legislature is the U.S. state of New Jersey's legislative branch, seated in the New Jersey State House at the state's capital, Trenton. The Legislature is bicameral, consisting of two houses: the New Jersey General Assembly and the New Jersey Senate. and the Nevada Gaming Commission The Nevada Gaming Commission is a Nevada state governmental agency involved in the regulation of casinos throughout the state, along with the Nevada Gaming Control Board. It was founded in 1959 by the Nevada Legislature. . Anthony Cabot is head of the gaming practice group at Lionel Sawyer & Collins, the firm that literally wrote the book on gaming law not only in Nevada, but around the world as well. Cabot, is the editor, author and co-author co·au·thor or co-au·thor n. A collaborating or joint author. tr.v. co·au·thored, co·au·thor·ing, co·au·thors To be a collaborating or joint author of: "He and a colleague . . . of other notable books including Federal Gambling Law; International Casino casino or cassino (both: kəsē`nō). 1 Card game played with a full deck by two to four players. Its origins are obscure though it probably traces back to the Italian game of Scopa. Law; The Internet Gambling Report; Casino Gaming: Public Policy, Economics and Regulation; and Casino Credit and Collection Law. In 1999, Cabot was named one of two co-editors-in-chief of the quarterly "Gaming Law Review", the only journal devoted to the latest developments in legislative, regulatory and judicial decisions affecting gaming at both state and federal levels in the U.S. and more than 75 countries. 702/383-8888,acabot@lvcm.com; PR: Innerwest Advertising & PR (don@innerwestadv.com, 775/323-4500). Mr. David Herschman, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and founder of Prize Central Networks, Inc., is an authority on the subject of online gambling Online gambling is a general term for gambling using the Internet. This article provides a brief introduction to some of the forms of online gambling, as well as discussing general issues. regulation. His opinion is that it should be legalized and Federally regulated. He started the first online free gaming site, Virtual Vegas, that is the largest site of its kind on the Internet. 415/703-9601, david@prizecentral.com. Ms. Michelle Schlichter is the vice president of the Custer Gambling Treatment Center. Custer is a national resource for treatment of chronic gambling, including Internet gambling. 317/929 1010, rankin@trimeridian.com ExpertSource cannot guarantee the immediate availability of these experts or their familiarity with this specific issue. ExpertSource, a collaboration Working together on a project. See collaborative software. of Business Wire and The Round Table Group, provides academic and industry experts to the media at no charge. Journalists are encouraged to submit queries to ExpertSource when seeking experts on specific subjects. An online registration form is available at http://www.businesswire.com/expertsource. Business Wire's Media Resource Center provides working journalists many free media services. Please visit the BW Media Resource Center at (www.businesswire.com/media) for more information. |
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