While many believe that online gambling could bring as much as $50 million in extra revenue for the province, Newfoundland seems to be more concerned with gambling and less concerned with extra revenue. The Premier voiced his opinion after the Atlantic Lottery made comments regarding the potential of online gambling within the province. Government officials believe that their isn’t much support for online gambling among the cabinet members and it would likely fail if proposed.

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The Goldman Sachs Group, Inc., also known as Goldman Sachs (established 1869), a company advising the wealthy where to invest there money.

Goldman Sachs stated, “We believe it is logical to assume that the US market will eventually regulate—given the potential implications for US tax take, if nothing else. Were the market to be legalized, we believe that the size of the revenue opportunity could increase materially.”

The opening of the market would bring in possibly $12 billion.

They say that the legislation could change quicker on the state level, as this would bring in much needed money from the taxes.

Read more on this at http://www.slotsgeek.com/news/gambling/goldman-sachs-financial-firm-predicts-good-news-gambling/960

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Read the rest of this article at http://casinonewsauthority.com/bodog-online-casino-accepts-canadians/13260/

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The Goldman Sachs Group, Inc., also known as Goldman Sachs (established 1869), a company advising the wealthy where to invest there money.

Goldman Sachs stated, “We believe it is logical to assume that the US market will eventually regulate—given the potential implications for US tax take, if nothing else. Were the market to be legalized, we believe that the size of the revenue opportunity could increase materially.”

The opening of the market would bring in possibly $12 billion.

They say that the legislation could change quicker on the state level, as this would bring in much needed money from the taxes.

Read more on this at http://www.slotsgeek.com/news/gambling/goldman-sachs-financial-firm-predicts-good-news-gambling/960

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Rep. Barney Frank of Massachusetts told nearly 1,700 players Sunday at the no-limit Texas Hold ‘em main event that he viewed Internet gambling as a right that must be protected.

Phil Hellmuth, an 11-time gold bracelet winner at series who won the main event 20 years ago, says online gambling will grow worldwide regardless of whether U.S. lawmakers soften their stance.

A 2006 law prohibits financial institutions from taking credit card payments, checks or electronic transfers to settle online wagers. The Justice Department viewed Internet gambling as illegal even before that.

Source :: http://www.foxnews.com/politics/2009/07/05/rep-barney-frank-optimistic-online-gambling-world-series-poker/?test=latestnews

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