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Virtual Gambling’s Real Challeges

Keith Furlong has gone to the so-called dark side. After working for five years as the legislative liaison for the New Jersey Division of Gaming Enforcement — the arm of the New Jersey Attorney General’s office that regulates the state’s casinos — he joined a consulting firm and became deputy director of the Interactive Gaming Council. A Canadian-based nonprofit founded in 1996, the IGC is the foremost trade group representing the interests of the booming online gambling industry.

BusinessWeek Computers Editor Spencer E. Ante recently spoke with Furlong about the state of online casino gambling and efforts to regulate the industry. Edited excerpts from their conversation follow:

Q: How many members do you have?

A: Three years ago we had 100 members. Today we have 70. There has been a lot of consolidation. Three months ago, Sportingbet bought Paradise Poker for $300 million. That’s by far the biggest deal. You might see some big deals going forward. I think the industry is on the verge of increasing credibility.

Read the entire article at: MSNBC News 

2004 Online Casino News Archive

 

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