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Harrah's Supports Online Gambling Legislation
As reported by Bloomberg: "Harrah's Entertainment Inc. and Inc. have joined professional poker players in helping support legislation to be introduced today to legalize online gambling.

"The measure is being proposed by Representative Barney Frank, a Massachusetts Democrat who failed in the last session of Congress to repeal a ban on the gambling.

"Supporters 'have been mobilizing,' Frank said in an interview last week. 'This is a grassroots thing.'

"Along with Harrah's and Youbet, Frank's allies include the Poker Players Alliance, headed by former U.S. Senator Alfonse D'Amato, a New York Republican. London-based UC Group Ltd., an online payments provider, hired former U.S. Representative Thomas Downey, a New York Democrat, to lobby for the bill.

"...Harrah's Vice President Jan Jones said regulating and taxing online gambling might swell government coffers by $2 billion to $6 billion annually. "This is a thriving industry," said Jones, who is in Washington this week to meet with lawmakers and staff members. "They can put in a regulatory structure and they can tax it..."

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