"We believe it is logical to assume that the US market will eventually regulate," wrote Goldman Sachs in a note to investors today, "given the potential implications for US tax take, if nothing else."
Two recent Secretaries of the Treasury, Henry Paulson and Robert Rubin, are Goldman Sachs alumni.
Expected. Considering the magnitude of this industry, it anyways won't be long before the whole thing is legalised. But still predictions can never be accurate.
Yes - that's not much of a prediction from Goldman Sach without a time boundary.
Eventually the US has to align it's attitude to US citizens right to financial freedoms and entertainment choices with the rest of the Western World doesn't it?
Eventually the US has to align it's attitude to US citizens right to financial freedoms and entertainment choices with the rest of the Western World doesn't it?
Sooner than later I hope. And yes I figure the freedom of choice is the true underlying issue.
I see that you saw New Online Casino's version of our story, but thought that you might like the original I wrote, which is a bit more accurate and can be read at EGRmagazine dot com (sorry I can't paste a link yet - I'm new!)
What you might also have missed is our follow up story to the Goldman Sachs report, which was about those who the bank predicts are set to mop up most of that $12bn when the US does finally open up to egaming! You can find it in the same place. Enjoy!