I read it briefly somewhere, but is it true that they banned online gambling for U.S. residents?
If it's true, I think it's a good move on the government's part because a lot of people were losing their life savings to these international-based casinos. This may also improve the U.S. economy because it would mean there would be less money being lost to foreign countries.
they sure did! the stocks of most online gambling companies dropped by almost 70% on average during monday's opening of the LSE. It's a big blow to the industry and a lot of the poker, gambling domains are worth a lot less now than prior to the enforced gambling law.
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Unfortunately the language of the law goes well beyond this. The bill seeks to halt deposits from any “financial transaction provider” who participates in transferring money for illegal Internet gambling. Included in this are
“operator(s) of terminal(s) at which an electronic fund transfer may be initiated,” as well as international payment providers, such as wire transfers or 3rd parties such as Firepay/Neteller. In fact, Neteller recently updated their TOCs accordingly.
Regarding loopholes, while there are always some, many of these sites are now closed to US traffic, regardless of deposit source. Thus, this will have a strong effect on the online gaming market for many years.
Sounds like the actual casinos in Vegas, Michigan, etc...are the winners here. My hunch is they probably backed the law & lawmakers with a vengeance.
I personally never tried online gambling...and I guess I never will
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The usual viewpoint is you should be free do what you want so long as it doesn't do anyone else any harm.
The point is the hypocrisy here.
The republicans are cracking down on internet gambling, taking a high and mighty moral stance, BUT there are exceptions for US horseracing and lotteries. You can still go to the hundreds of casinos all over the states..
So it is sheer protectionism against foreign companies.
I agree that people should be free to do as they please with their money but who should determine where we draw the line?
I personally think that if someone wants to spend their money on gambling or prostitutes then go ahead. I don't think people should be allowed to spend their money on hard drugs. That is just my point of view.
If you look at the viewpoint of the extreme right, who are no better than the extreme fundamentalist muslims, they would have an extremely different point of view.
So who is right?
Who should determine what we should and should not be allowed to spend our hard earned dollars on?
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For a start, maybe the views of the majority.
In poll after poll, americans want to be able to play poker etc online.
Something like 80% in favour.
And roughly the same amount will agree that drugs should remain illegal.
Putting internet gambling in the same category as shooting up smack is ridiculous to most reasonable people.
Millions of americans love to relax and play online poker and where is the harm in that? Or granny playing internet bingo..
But this isn't about morality, its about the taxes.
And it is short-sighted. If gambling was regulated and taxed, the big Vegas names would clean up. Overseas too.
Googled these two up.
They are online polls so obviously they will be influenced in that only internet users can vote, but I have never seen a survey of the general public that was in favor of a ban.
My thoughts are same with you on that. Im guessing business has slowed down in Vegas due to the growing number of online gamblers. Why drive to Vegas when you could gamble in the convenience of your own home?
I read somewhere that about 70% of the online casino customer base are from the U.S. Not to mention, the incredible amounts of money that Americans were losing to foreign based casinos. Losing billions of dollars a year to foreign countries must've had a negative effect on the overall U.S. economy.
I'm not sure how credible these polls can be. My guess is that many of these online votes were submitted by people with biased opinions; perhaps people making a living off the industry or online gamblers. In any case, everyone is entitled to their opinions, but my point is, people against this ban are more likely to place their votes, as opposed to non-biased web surfers who don't have strong feelings either way.
Just got this email from CasinoBlasters re: affiliates:
Dear Valued Affiliate,
You are no doubt aware of the recent passing of the Federal Unlawful Gambling Enforcement Act in the US. As a result of this act, Casino Blasters is in the process of consulting legal counsel, but until further notice it is business as usual. All affiliates will receive payment for traffic.
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"The WTO is likely to find the US has not been in compliance.
Of importance here is that the United States has filed a grievance with the World Trade Organisation in regard to China on another issue, and would most certainly need to abide by any other WTO decisions if they are to make any sort of headway in this matter."
