Though many members of the Senate and the House of Representatives have vociferously spoken against the legitimization of online gambling in USA, there have been many others who are of the opinion that technologies can be used to improve as well as legitimize internet gambling.

Barney Frank, member of the House of Representative have been supporting the idea of legalization of internet gambling. Since 1999 the introduction of the bill of Internet Gambling Prohibition and Enforcement Act which had been out voted several times by the house was vehemently opposed by Barney Frank in 2006. A moratorium was sought by him and Ron Paul to withhold the Unlawful Internet Gambling Enforcement. On the other hand he brought in the bill in 2007, the H.R. 2046; the Internet Gambling Prohibition and Enforcement Act which would seek age verification to protect compulsive gamblers. It would have also made sure the licensing of online gambling sites.

One of the main criteria of the UIGEA is that no financial institution is allowed to transfer funds to any illegal internet gambling site. This prohibition would result in financial loss; so many bankers seek to delay the implementation of the Act.

Executive Chairman of Youbet.com, an online wagering company, Michael Brodsky was of the opinion that there are technologies that can prevent the unlawful online gambling as well as regulate the gambling industry. That would prevent the off shore gaming from flourishing and create more jobs for the American market and draw more revenues. It is important to use the technology to upgrade the security system and stop the government and the law makers from exercising moral policing and deciding on the people’s behalf where to spend their own money.

Binion’s Gambling Hall & Hotel is an iconic gambling resort. Its operation includes both casino halls and hotels. This casino has become renowned because of the fact that it has been organizing World Series of Poker for the last thirty four years.

But now, its management has decided to close its hotel rooms, keno operations and coffee shops in order to curtail costs. According to the 58-year old owner of Binion’s Gambling Hall & Hotel, M/s Lisa Robinson, such drastic cost curtailing decision was taken in order to keep the other sections of the group, like casinos and others, operational.

Some More Details

The sections of Binion’s Gambling Hall & Hotel that are going to be closed include:

• 99 rooms of the Binino hotel
• 266 rooms in the Mint Tower of the property.

All the above mentioned closings will be done on 14^th December 2009. A very bad news for the workers working in these hotels are is also looming large. Out of the full strength of 800 workers, 100 are going to be laid off after the operation of some of the sections of the hotel are closed down.

When asked about the reason for such decision, the spokesperson of the management has conveyed to our correspondent that the downturn of the economy has severely affected their business. The hotel rooms became a burden in this down market for the group and that’s why this harsh decision.

Are you Closing your Casino Operations Too?

Binion’s Gambling Hall & Hotel has “NO” plan to close its casino operations.