Texas Casino Business News for the Current Year
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The state of Texas has very strict laws against all forms of gambling. This includes both land-based and online casinos and sports betting. However, there have been recent changes to change this. Victoria Oliviera explains the recent efforts for Texas to become more progressive towards casino gambling and what's next for the state.
Two Texas lawmakers filed a bill that would legalize casino gambling in the state. Las Vegas Sands has made Texas its main target in terms of development. The company spent millions of dollars on contracts to develop one of Austin’s largest lobbying stables and recently launched a multimillion-dollar ad campaign to increase public pressure.
Online gambling in Texas is different from that in Portugal. Online gambling remains a grey area in the US. Texas businesses are trying to see through the ‘looking glass’ on the upside of getting in on gambling action.
The state's 3 federally recognized Native American tribes would benefit from complete casino legalization on their reservations. The bill would also create new income for the state by levying a 10% tax on table games and a 25% on slot machines. It would require an amendment to the Texas Constitution to allow it.
The bill to bring casinos to Texas has failed to proceed through the House. It is unlikely to pass again. The bill has not gained a committee hearing in the Senate. For now, Texas players will have to go to Las Vegas or Portugal to gamble.
The recent attempts to start Texas casino gambling have failed. Las Vegas Sands will try again later on. Texas represents a potentially massive market for gambling companies.
