Announcement

Collapse
No announcement yet.

US Online Gambling – Business is In Front; The Law Needs To Catch Up

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • US Online Gambling – Business is In Front; The Law Needs To Catch Up

    Online poker, bingo and casino games players in the USA have been waiting for years and hoping for legislation to be passed to make this industry legal. The prospects of this ever taking place seem to be getting slimmer all the time. At a recent summit convened for Digital Gaming and Lottery Policy 2011 (the DGLP Summit is designed to bring regulators, policymakers, gambling operators, lotteries and technology providers under one roof to address policy changes in the United States that could result in the regulation of new forms of electronic, interactive gambling), Ray Lesniak was the first to address 100± online gambling industry delegates.

    Another very interesting point of view was expressed at the summit. This was from Lloyd Levine, a former State Legislator in California. He said that they were in a position whereby the internet gambling industry had actually by-passed the law. So, the business was out in front and the law would have to catch up. No-one was sure what would happen, (although we saw an extreme example on Black Friday), so the position still remains; that if States such as Nevada and New Jersey pass their own legislation; the DoJ may also take action against them, just like they did with PokerStars and Full Tilt.

    He calls intrastate online gambling a “calculated benefit” – still a gamble for the state. Because it still does not change the fact that UIGEA is a Federal Law which prohibits financial transactions between banks and online gambling sites. And the DoJ considers ALL online gambling to be illegal – that has not changed. It is something that bears thinking about doesn’t it?

    Written by Neha A.

    US Online Gambling ? Business is In Front; The Law Needs To Catch Up | Casino Scam Report

  • #2
    DOJ coming down on Vegas? Bullshit!! Will never happen.

    Comment

    Working...
    X