The village idiot of Las Vegas talks about online gaming...

"What's the word on the street about online gaming? When are they going to finally legalize online poker?" I was chatting with a buddy of mine from Las Vegas today and that was the first question he asked me. The legislature just passed a bill that outlines the framework of online poker. Long story short, Nevada is going to legalize online gaming and the real question turns to what the other states are going to do.

The regulatory framework for online gaming will be complex and costly. Nevada is the world standard when it comes to gaming. The governor of Nevada is named Brian Sandoval. Before he was governor, he ran the gaming control board for a number of years. He quotes a scenario like this. "Nevada will play a very crucial role once online gaming is legalized at the Federal level. Whether it be drafting regulatory framework or agreeing to compacts with other states. Nevada will be at the forefront of it all."

This paragraph is for the people who are paying attention to my belief's about Asian consumers. A well run book is going to net - four-six percent. The key is volume! Where can a business find volume for this or any other endeavor; I say the answer lies in Asian consumers.

I like to end every post of mine with a thought I"m having...Call it the village idiot thought of the day. "My buddy told me the other day that my posts haven't been as funny lately. Right now, the last thing in the world I'm trying to be is funny. I'm being completely serious when I talk about Chinatown and Asian growth strategies. I invite anyone reading the blog to come to Las Vegas for a first hand look at what I'm talking about."