BUSINESS

Media chief: iGaming lobbying will lead to regulation

TAGs: Harrah's Entertainment Inc

Money talks

Money talks

Internet gambling supporters, observers and opponents spent an estimated $3.65 million lobbying the United States government during the third quarter of 2009. That’s up 50 percent from $2.41 million the previous year.

All of which has convinced Mark Balestra, managing director of BolaVerde Media Group, who produced the report, that it’s only a matter of time before regulation gets under way.

“We now know that regulated Internet gambling in the United States is inevitable and we have a good feel for who the big players will be in this emerging market,” he said. As Homer Simpson would say, Wa-hoo! Read more.

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