The Plan To Take the Online Gaming Market - US Gaming Firms Tale of Shame

1. Pass legislation to get rid of foreign competition - The US Casinos had fallen so far behind the competition at this point that they didn’t have a chance of winning on merit. No matter - Senators are cheap. Although the majority of Americans disagreed with its contents, the bill was snuck through by Bill Frist with the laughably stupid claim it would protect children and stop terrorism.

2. Establish an Online Presence – Of the majors, only LV Sands has had the gall to announce it was starting to establish an online presence. For now it will stick to Europe through a partnership with Cantor Gaming. Make no mistake, this is a trial run for the US market. Other casinos are sure to follow.

3. Repeal the Gaming Act – The majority of Americans support it. The senators have already been paid off. And Chanos is long (kidding!). The trial balloon was floated today by Barney Frank who called it: one of the “stupidest laws” ever passed and said he wanted to “repeal” the law.

The entire affair, the arrests and the tough talk were exactly what they seemed - protectionist measures by "useful idiot" politicians.