Posts Tagged ‘Daniel Stewart’

Harry Reid to Push New Online Poker Bill?

by , Apr 19, 2010 | 8:52 pm

That’s the word from noted British investment analyst Daniel Stewart … And our sources in Washington DC (highly reliable sort) unofficially confirm that indeed, the beleaguered Senate Majority Leader is working on an online-poker-only bill. Might he be looking to pull a Bill Frist (his predecessor as #1 US Senator) and give a little gift to his Big Casino backers before he gets booted from office?

From ProactiveInvestors.co.uk:

The stockbroker noted speculation that US Senator Harry Reid and his pro-legislation cohorts are preparing a Bill that could be introduced into the Senate within the next three months and ready for approval by the President during H2 2010.

Daniel Stewart believes that the proposed Federal legislation will encompass just online poker and exclude casino and sports betting services, which should ensure that it is easier to implement.

“The legalised US online poker market represents a massive pot of gold for the entities that can monetise a market we estimate to offer likely annual gross gaming revenue of >$8bn annually”. According to Daniel Stewart, the clear winners from the proposed US legislation will be the US-based gambling giants such as Las Vegas Sands, MGM, Harrah’s and Wynn.

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