Casino exec suggests online gambling plan

A Las Vegas casino executive urged Congress to regulate rather than prohibit Internet gambling. William Hornbuckle, president and chief operating officer of MGM Mirage, criticized a bill by Rep. Jim Leach, R-Iowa, that seeks to ban Internet gambling by outlawing the use of credit cards, wire transfers or any other bank instruments to pay for online bets. (The Leach bill) will do nothing to protect (Internet gambling) consumers, Hornbuckle told the House Judiciary subcommittee on crime, terrorism and homeland security. By eliminating all regulating by credible financial institutions, you have…

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