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All you wanted to know about the gambling industry and the online casinos
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Cell Gambling
This summer, Nevada became the first state to allow the use of wireless, handheld gambling devices inside casinos. The Nevada Gaming Control Board is holding public hearings before drafting regulations governing their use. Atlantic City, N.J., gambling operators are watching closely because Las Vegas sets the trend. What starts here doesn't stay here and returns a fight to the convenient of the online casino.
Considered gambling's newest frontier, wireless devices mark another step closer for U.S. companies that want to enter the lucrative, but currently illegal, world of online gambling. Some worry they will only encourage problem gambling, especially among minors. Cantor G&W, an affiliate of New York-based Cantor Fitzgerald, wants to provide the system and the devices to the Las Vegas casinos. For the Wall Street firm, the business leverages its experience with mobile trading technology.
"This is about allowing people to play their favorite casino-type games without being restricted to the traditional convenience of a casino floor," said Joe Asher, managing director of Cantor G&W. "Fundamentally, a $100 million bond trade is the same as a $10 bet on a football game or $10 on a hand of video poker."
credits -: seattletimes.nwsource.com