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Casino Licenses for IGT and Bally Win | 24th June 2012 : WorldCasinoYellowPages

Casino Licenses for IGT and Bally Win

... 24 June 2012

Casino Licenses for IGT and Bally Win

There is a great news for the gamblers as the Reno based International Game Technology and Bally Technologies Inc. have been granted licenses by the Nevada Gaming Commission for online betting. That would enhance the state revenues to great extent, said Mr. Michael Lawton, the senior research analyst at the Nevada Gaming Control Board. He added that approval of the respective systems by the independent testing laboratories is mandatory for all the companies before they commence the services.
In fact, the U.S. Casino Industry would benefit greatly in terms of online gambling that could touch $13.4 billion in five years. Nevada took the lead for enacting a law for internet gambling during the last year. MGM Resorts International and Caesars Entertainment Corp., the largest groups of U.S. Casinos are among the two dozen companies that have sought the licenses. Simon Holliday, an H2 Gambling director said that last year an amount of $32.8 billion was generated as revenue from online gambling and U.K., Japan and Germany have contributed maximum to this huge amount. A report issued by the investment firm Macquarie Capital said that U.S. Justice Department last year has suggested and cleared the way for online gambling that would facilitate ten states for consideration of interactive betting.
Mark Trask, a representative of Bally said that the company does not intend to go in for any competition with casinos for customers, but rather it has plans to present its online gaming technology to other licensed operators. Richard Haddrill, the CEO of Bally expressed that the Company aspires to lead the field of online gaming.

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