US I-Gaming Lobbying Spend Is Sharply Rising

A new report from BolaVerde Media Group found that 32 parties spent an estimated $3.65 million, combined, lobbying Internet gambling in Washington, D.C. With information gathered during interviews with gambling lobbyists, The Internet Gambling Federal Lobbying Report peels back the layers of the political onion, revealing what parties contributed, how much they spent and what influence they have on Capitol Hill.

Saint Louis, MO (PRWEB) February 3, 2010

Led by Harrah's Entertainment Inc., Internet gambling supporters, observers and opponents spent an estimated $3.65 million lobbying the United States government during the third quarter of 2009, up 50 percent from $2.41 million the previous year, according to a new report from BolaVerde Media Group (BVMG).

"The Internet Gambling Federal Lobbying Report" also notes that the top three spenders--Harrah's, UC Group Ltd. and the Interactive Gaming Council--all support regulation and, together, accounted for an estimated $2.04 million, or 55.9 percent of total spend.

The 27-page report provides essential information and distinctive analysis of the lobbying rationale of every major spender. It colorfully offers up concise, quantitative data and statistics of estimated spend by company, per bill, with revealing insight and incisive forecasts for the 2010 legislative sessions, ensuring a clear and concise understanding of developments to come.

"We now know that regulated Internet gambling in the United States is inevitable and we have a good feel for who the big players will be in this emerging market," Mark Balestra, managing director of BolaVerde Media Group, explained," but it's telling to see which ones are getting involved in Washington. We expect the trend of increased lobbying spend to continue this year and for new contributors to enter the mix.

"An assessment of lobbying spend also lends insight into what the regulatory model will look like and who stands to benefit. Anyone who is plotting market entry in the United States should take notice of who is influencing the process."

The report is available for purchase at:
http://www.bvmediagroup.com/BVconnection/Reports.aspx

Download the executive summary at:
http://www.bvmediagroup.com/LinkClick.aspx?fileticket=B8sA9wuZWSQ%3d&tabid=844

About BolaVerde Media Group
BolaVerde Media Group is a consultancy specializing in Internet gambling, a nascent entertainment medium that, since its birth nearly a decade ago, has blossomed into a vibrant, $23 billion global business. From its base in St. Louis, Missouri, the company provides innovative custom research and analytics, tailored Web-based seminars and tutorials and independent advice and consulting. Its management team has served the industry for a combined 16 years. For more information on the company, please visit http://www.bvmediagroup.com/Home.aspx.

Media Contact:
Holly Hick
hhick(at)bvmediagroup(dot)com
+1 314 698 6099

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