When the US Federal Reserve finally released its guidelines for casino gaming this week, the gaming industry and lobbyists were quick to pounce.
The rules call for an industry-wide ban on the practice of betting on a single game or series of games.
They also forbid slot machines, poker machines, craps tables, and other games that use electronic betting.
The industry is opposed to all these regulations, which would limit the ability of casino operators to operate a casino and would require them to open a few hundred slot machines to keep up with demand.
They argue that the new casino rules will only drive gambling away from the casino industry, and threaten the viability of casinos.
But the gaming lobby is not backing down.
“The casino industry is well positioned to defend its business model and its players against a new regulatory regime that is likely to harm it,” says Chris Bowers, the CEO of the Washington, D.C.-based American Gaming Association, which represents gaming companies.
“If the government has the authority to ban the use of slot machines and poker machines for online betting, it should at least do so in a way that does not create new gambling options.”
In the meantime, the industry is working to fight the rules.
It has filed a lawsuit against the federal government and the state of Nevada over the gambling regulations.
And the American Gaming Council, which promotes the industry, has released a new ad highlighting the role of video poker machines.
“As the gaming world becomes more sophisticated, and as gambling is increasingly used as a tool to reduce crime and promote tourism, we are in a unique position to use technology to help combat criminal activity,” says David Shaffer, CEO of American Gaming.
“We’re going to continue to invest in our industry to make sure it can remain competitive in the face of these changes.”
What to watch for This week’s poker games are not the only ones that are being monitored.
On Monday, a federal judge in Nevada denied a request by the states of Florida, Kentucky, and Mississippi to block a law that would allow casinos to operate in their jurisdictions.
The legislation was filed by a group of Republican senators who say that it will increase gambling revenue for the state’s already-high unemployment rate.
In the US, the number of casino licenses is increasing by more than 60 percent annually.
The state of Florida has approved more than $20 billion in casino gambling investments.