Casino Watch Focus reported that with the midterm elections swinging the balance of power back to the republicans, Rep. Barney Frank’s bill to legalize Internet gambling was essentially dead in the water. The Wall Street Journal reported that Senate Leader Harry Reid will pick up where Rep. Frank left off in an attempt to make good on those who helped financially pave the way for his recent election:
Senate Majority Leader Harry Reid’s year-end to-do list includes top priorities for the constituencies that helped him eke out a narrow victory last month over former Nevada state legislator Sharron Angle.
Gambling interests and casino executives gave the senator more than $700,000, according to the Center for Responsive Politics, ranking fifth among all industry contributors. His biggest single benefactor: MGM Resorts International, whose executives and political action committee gave Mr. Reid more than $190,000 in combined campaign donations, according to the same data. Harrah’s Entertainment ranked fourth, with more than $83,000 in campaign contributions.
Senate Leader Reid is proposing a bill to repeal the ban on internet gambling and it ensures that casinos and horse tracks have the right to exclusively operate online gambling sites for the next two years. The Wall Street Journal also reported that Senate Leader Reid is considering attaching his bill to “must-pass legislation” before the end of the legislative session:
Several other people lobbying for the bill said they believe Mr. Reid may still try to get it attached to must-pass legislation. “Until Congress adjourns I am not saying it’s dead,” said John Pappas, executive director of the Poker Players Alliance.
Mr. Reid’s idea of moving an online poker bill that would heavily favor Nevada casino companies has stirred up a tempest in Congress’s final days. While investors in casinos and slot machines grew excited, several Republican lawmakers disparaged the legislation as preying on “the weak and the vulnerable.”
Now, an online source is reporting that Senator Reid has decided to leave the tax extension bill alone and will instead use a spending bill that could pass to push his legislation. For more information including urgent action steps, please visit the Casino Watch Internet Gambling Alert page here or at: