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Executives React to US Online Gambling Crackdown
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Author: Renee Israel
May 2 - Many people have responded to the US government's clampdown on internet poker sites, beginning with mid April's Black Friday.
Some of the most vocal opponents of the government's policies have been politicians and gambling entrepreneurs from the country's land-based industry.
Senate Majority Leader, Harry Reid, for example, made it clear that he believed that online poker should be legalized in the next couple of years.
"I hope we can get something done," he was quoted as saying to Associated Press. "It's something that has to be regulated."
Steve Wynn, of Wynn Resorts, who had to frantically distance himself from Poker Stars in the 24 hours following Black Friday, was quoted criticizing the Unlawful Internet Gambling Enforcement Act (UIGEA) to a group of investors last week.
"The government policy up to now, which is no surprise to anybody, has been murky and arcane," he said.
"Arcane is a good word that means mysterious and unfathomable."
"Most everything in Washington is mysterious and unfathomable," he said. "We're trying to figure out what the hell the public policy is and then we can have a corporate policy."
Caesars Entertainment Chief Executive Officer, Gary Loveman said that the solution to the problem of illegal gambling activity by foreign operators is not to simply send US law enforcement people out to chase them.
"The solution is to take a very simple pastime that's been around this country for hundreds of years, and allow licensed, regulated providers to provide it," he said.
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