On February 22nd, 2013, the state of Nevada has approved online gambling
Las Vegas used to be the biggest gambling destination in the world but in 2012 it fell behind Macau and Singapore.
More than ever before, land based gambling is available to people in states and countries which is slowing down the trend of Las Vegas being the top gambling destination.
Of course with the rise of online gambling the companies in Las Vegas are blaming them for their decline.
It is safe to say that Las Vegas is at risk of becoming a shadow of itself it if can't generate more revenue.
Las Vegas can point the finger all it wants to online gambling but there are more locations around the world launching local casinos and also super resorts, to name a few there are Macau, Singapore as the top gambling destinations.
Europe is looking at a few places to create the super gambling resort to rival Las Vegas.
Florida is also considering their own casino mega resort which would prevent gamblers from making the flight to Las Vegas.
The legalization of online gambling at the state level will allow the existing companies in Las Vegas to finally get their hands onto a gambling license to allow them to take customers in one of the fastest growing markets around.
This move happens as other states including New Jersey have been consideration legalizing and licensing online gambling.
In Canada there have been 4 provinces that have already taken the steps to legalize and license online gambling without waiting for the federal level to get involved.