WELLINGTON, New Zealand, Aug. 29, 2012 /PRNewswire/ -- With a record number of states exploring options to raise revenue and decrease overwhelming budget deficits, online gaming is being looked at as a realistic and proven way to potentially raise billions of much needed funds. High Tide Investments, Ltd, based out of New Zealand, controls numerous domains including www.seminolecasino.com and www.seminolegaming.com and predicts a change in the court of public opinion towards legal online gaming. On Monday, 8-27-2012 they took their message to the public with an appearance in Times Square: http://videostorage.prnewswire.com/storage2/photos/REMNANT-WANNA-BLUF.jpg
A spokesperson for the company said, "Most states are looking for ways to pare expenses and raise revenues. But once again preferential treatment is given to Native American Tribes by lobbyists and politicians. Legal Gaming addresses this issue along with others. Not only is it a significant new revenue stream, but it is also rapidly deployed once legislation is in place to allow it. Billions of dollars are currently going off shore to other nations who offer online gaming and it only makes sense to capture lost revenue and benefit from new consumers that would prefer to game from the comforts of home."
The internet has leveled the playing field for all states. Those that currently have physical gaming likely have an advantage in securing online gaming, but truly, any state can oversee and regulate web based gaming. Many advocates and even the opposition are in agreement that it's not a question of "if" but "when" legal online gaming will return and states should consider the tax revenue that Native American Tribes would pay vs Private gaming enterprises.
SOURCE High Tide Investments, Ltd