LAS VEGAS (AP) — Many experts believe online wagering is the future of gambling, but the casino industry is increasingly divided on the issue.
The latest evidence of the split comes Monday as the Coalition to Stop Internet Gambling launches the first commercial in a six-figure campaign warning of the dangers of legalized Internet gambling.
The group is supported by casino mogul Sheldon Adelson, CEO of Las Vegas Sands.
Meanwhile, the casino lobby has made the legalization of online gambling its signature issue for the year. Major members including Caesars Entertainment Corp. are taking steps to get into the market.
Morgan Stanley predicts that by 2020, online gambling in the U.S. will produce the same amount of revenue as Las Vegas and Atlantic City markets combined: $9.3 billion.
(© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)
- “Park And Stay” Criticized In Plano
- Some Dallas Panhandlers Doing Better Than Okay
- Texan With Character: Ali Esfandiary
- DNA Dating: Testing Romantic Chemistry Through Genetics
- City Of Dallas Hires Attorneys In Anticipation Of Exxxotica Lawsuit
- Azle Residents Take Quake Concerns To Austin
- Cowboys’ Romo Update: Complication In Back Surgery
- TCU Students Demand Higher Quality Toilet Paper
- Garland Police Arrest Teen Suspect For 7-11 Clerk Murder
- Owner Reunites With Dog 4 Months After ‘Dognapping’
- PHOTOS: Your Pet Pictures