Quote of the Day

“[C]oming through the back door, a two-headed monster of slot machines and mega-jackpots, both online, a monster … may completely overtake the conventional gaming industry. The lotteries, without any additional legislation or oversight, can offer, online, both slots and other casino games and those very, very large game-changing jackpots. A casino company has to invest hundreds of millions, if not billions, of dollars to build a competitive casino; lotteries do not. Lotteries will have access to every home and have the latest and best gaming products to offer. If casinos eventually get online, they will be months or years behind the lotteries. And when the casinos finally do go online, they will be more tightly regulated and taxed than the lotteries; it will be very difficult for casinos to keep up. … Did anyone know they were opening the back door to online gambling and inviting the lotteries to come inside and claim the best spot at the table?” — CDC Gaming Reports analyst Ken Adams, taking a very bleak view of brick-and-mortar casino companies’ prospects if Internet gambling is legalized in the U.S.