Written by Sadonna | Saturday, March 26th, 2011

Just yesterday a big announcement was made in the gambling industry. Online poker giant PokerStars has teamed up with Wynn Resorts to start working on seeing the US pass federal legislation in the realm of online gambling as well as start an online site together.

The two companies released a joint press release just yesterday that stated the two companies will be working to secure the passage of federal legislation and once online gambling is legalized the two companies will get a license and work together to create an online poker site called PokerStarsWynn.com.

This may seem like an odd turn of events especially for those who follow poker news very closely. The chairman and CEO of Wynn, Steve Wynn, was opposed to legalized online gambling for some time saying that it was going to be impossible to regulate. However the CEO has since changed his mind, hence the agreement with PokerStars as well as statements Wynn has made in publications.

Chairman and Founder of PokerStars Mark Scheinberg commented on online gambling stating: “We have long supported the enactment of local regulatory regimes that protect consumers and provide valuable tax revenues and jobs. PokerStars is closely regulated in many European countries and it has been endorsing the adoption of the same approach in the United States for years, with this alliance representing a critical step in that direction. We are excited about the opportunities that partnering with Wynn, a pioneering leader and innovator in gaming, will present for PokerStars in the United States.”

This deal is just one more link in a long chain of events. Several states in the US are trying to pass online gambling bills and there are new bills being introduced on a federal level as we speak. Things are really looking up for online gambling in the US and hopefully it won’t be long before it is fully regulated and legalized in the states.

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