The tables are soon to turn on Senate Majority Leader Harry Reid of Nevada who has been trying his best to stay away from anything that has to do with Representative Barney Frank’s Bill for regulated online gambling. With the major dent in the casino gambling revenue owing to the present financial crisis the country is facing, casino bosses are looking to online gambling as the messiah that will make up for their losses.

This just means that Reid will have to sing a different tune when the money men who financed his campaigns ask him to support Frank’s Bill and go against the Unlawful Internet Gambling Enforcement Act.

Earlier several Nevada casino owners had supported the banning of online gambling in order to get rid of the potential competition. But now these strong protesters are slowly changing their minds and are thinking about how cost effective online casinos can actually be. The casino bosses are looking out to invest in internet gambling because they are a cheap source of revenue and do not require the enormous overhead, development, operational and maintenance costs that a land based casino bears.

In fact the American Gaming Association (AGA) has greatly reconsidered their stand on online gaming and are soon to put up the topic for discussion in their upcoming meeting scheduled in December.

Reid who has constantly been trying to choke Frank’s Bill, that attempts to regulate online gambling, went as far as forcing Senator Ron Wyden to remove an amendment to health care legislation because it attempted to tie internet tax gambling revenue to health care funding. Now there’s a man who is set preventing online gambling from getting anywhere.

According to Reid, he didn’t want something as controversial as online gambling to get mixed up with health care bills. Ahem…in case he didn’t notice health care and not to mention abortions made the bill more controversial than online gambling ever could! In fact if the two were brought together, both subjects could have probably become more acceptable to all.

Several analysts suggest that Reid might just have been supporting what his contributors thought about online gambling, but with the AGA changing their outlook, there seems to be a new and more powerful force behind Frank’s Bill at last.