Goldman Sachs predicts legalization of U.S. online gambling

The Buzz · #1 (**permalink**) 30th-June-2009, 10:20 AM

Wall Street giant Goldman Sachs sent out a note to investors this week that said it believes the U.S. government will legalize online gambling.

From NewOnlineCasinos.org:

Quote:

"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.

casino_boy · #2 (**permalink**) 5th-July-2009, 02:52 AM

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.

Betpartners · #3 (**permalink**) 5th-July-2009, 05:04 PM

I am sure i read on here that someone predicted it can take up to 8 years to change legislation.

My feeling is that it is still a few years away.

TheGooner · #4 (**permalink**) 5th-July-2009, 07:11 PM

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?

The BIG question is when?

greek39 · #5 (**permalink**) 5th-July-2009, 08:21 PM

Quote:

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.

greek39

Betpartners · #6 (**permalink**) 5th-July-2009, 08:27 PM

Has anyone done a study or released any figures on how much the US treasury has actually lost since this ban was imposed.

JonOfFinsbury · #7 (**permalink**) 7th-July-2009, 04:57 AM

Hi guys,

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!

JonOfFinsbury · #8 (**permalink**) 7th-July-2009, 08:53 AM

Further to above, I can now post links! So here is the original story that other sites lifted:

http://www.egrmagazine.com/news/indu...predicts.thtml

and this is the follow up:

http://www.egrmagazine.com/news/indu...-egaming.thtml

Enjoy!