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TenXer CEO Jeff Ma on the state’s push for video gambling as means to raise revenue.
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Talk about desperate times video gambling that -- -- that it -- be in Illinois by late today.
Join -- the company from San Francisco is Jeff -- CA you know all of what ten X up and also of the house advantage.
By -- always a pleasure welcome back good to see you again.
It do you have a dollar number of formally as to how much -- Illinois could bring in the team won USA from.
Video will a gambling.
I mean I don't have a -- number of sort previous that's because I don't think anyone knows and I don't think that it's a very big event I mean you're talking about.
Putting video machines in a bunch of restaurants and bars in the state.
Where there's a lot of gambling already be it you know online lottery they've been on aggressive in terms of one of the first riverboat casinos so I kind of think this is a non event.
OK supposing.
Illinois -- to become I think may be the first state to site online gambling following.
Basic -- -- in Illinois that would be different wouldn't -- Yeah I think that would be different and I think that this you know if you think about what this is and I think you -- it uses desperate times in Illinois and this is a state that doesn't have a lot of sort of political risk in terms of keep their their politicians.
Being interested in and sort of being very very aggressive and they've always been aggressive I mean they were -- the first state.
To go to online lotteries and I think one might have happened when they looked at that is it's okay.
We'll do online lotteries oh my god this hasn't really done anything appreciable in terms of our bottom line.
Let's do these online video things and and Iran's gonna look around so it will there's gambling everywhere so why don't we just start doing online gambling at throughout the throughout poker and throughout whatever games we -- if they did that you'll sign that that would really bring in a ton of money.
I think that could bring in a lot of money especially initially.
And that's the difference here right initially before other states have it it will do a lot if you think a look at what happened with Salmon River boats there are very successful.
And then one of the other states around them like Indiana started getting it became a much less lucrative business for the -- I think online gambling especially if they're so aggressive.
And there -- the first state to do it will bring a lot of revenue for them initially a -- -- the next from -- is online gambling by a state like Illinois boss as soon as Illinois did that if the would you do that the feds would just step right in his sudden and and and you can't do that they would do that would that stop.
Well I don't know I mean that the ruling that came out in December it said that you know online gambling as long as it's not.
Related to sports gambling or -- events is not covered by the of federal wire act so -- this -- -- -- -- unlawful Internet gambling bill that doesn't cover.
Anything that's related to non DM non sports are non event so.
Right now it's hard to say whether the federal -- there you know Jeff Mott Ian I just of open the -- -- to Illinois financial solvency with a very good idea right then let let's see if there's any impact from Jeff mocked on Bosnian company.
Jeff always a pleasure thank you very much and -- us -- soon.
Banks are.
