Wed, 03/23/2011 – 22:36 – PokerPages Staff

South Point Hotel and Casino owner Michael Gaughan has backed the bill which could regulate and license online poker in Nevada.

Gaughan, who becomes the first owner of a Las Vegas casino to speak out in favor of the Assembly Bill 258, believes Nevada should set an example for other states to follow.

“There is no doubt in my mind that online poker and other games are coming. AB 258 would make us a pioneer in the nationwide movement and the leader for the rest of the country to emulate.”

The bill, which has also been supported by the world’s biggest online poker site, PokerStars, was introduced by Assemblyman William Horne earlier this month.

Initial optimism surrounding the measure was dampened when Caesars Entertainment voiced their opposition.

The influential casino giant is thought to have played a significant role in New Jersey Governor Chris Christie’s decision to veto a bill which would have legalized internet poker in the state.

However, Gaughan’s vocal support and other positive forms of lobbying have provided a solid platform for pro online poker legislation in Nevada.

Nevada is currently gripped by the recession with a $1 billion budget deficit and 13.5 % unemployment rate.

Gaughan believes the Assembly Bill would provide numerous economic and employment opportunities and could be worth up to $500 billion.

“I don’t know how good it will be for me, but I think it will benefit the state. That is why I am not opposing it.”