The fate of online poker could be decided in the next few days. Gaming-friendly Sen. Harry Reid, D-Nev., has been looking to fast-track a bill before Republicans take control of the House, and is apparently trying to add it to the latest tax cut package.
Tacking gambling legislation onto an unrelated bill is how Congress initially put the kibosh on online gaming in 2006, so we're playing the same games again, for better or worse.
The latest legislation would make only online poker legal, leaving out other games, at least for the time being. This would ease the pain to Boyd Gaming
Online poker would most likely be a boon to the big Las Vegas casinos that have stayed away from online gaming until now. MGM Resorts
Las Vegas Sands
We'll find out over the next few days how far Reid can push online poker. If he can get something through, I may just make a big bet on MGM Resorts. If a bill doesn't go through, it could be a long wait for investors and gamblers wanting to see poker go online.
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