• BAN IS NOT THE ANSWER, WON'T STOP ONLINE GAMBLING

    24 October 2006

    Newspaper

    THE CHARLOTTE OBSERVER
    ADAM GOLDMAN
    Associated Press

    NEW YORK – Gamblers may look over their shoulder now, but experts say a new Internet gambling ban won’t keep bettors from ponying up, just turn them on to overseas payment services out of the law’s reach.

    “It has put a terrible scare into people,” said I. Nelson Rose, who teaches gambling law at Whittier Law School. “But it won’t by any means wipe out Internet gambling.”

    The fright swept through the $12 billion industry on the heels of the recent arrests of two gambling company executives and a new law President Bush signed Oct. 13 that seeks to ban most online gambling and criminalizes funds transfers.

    The law has wiped out billions of dollars in shareholder value of British companies, leaving the industry’s future in doubt as U.S. lawmakers initially trumpeted they had found a way to halt bets coming from America. But serious questions remain about whether the legislation can be effective in stopping U.S. residents from playing poker or betting on sports.

    The “Unlawful Internet Gambling Enforcement Act” goes after the money, not the millions of players, which would be nearly impossible to enforce. It will essentially try to choke off the way Americans fund their gambling habits, hoping to prevent the transfer of dollars to the popular Internet sites.

    It’s also widely understood that the law has online poker in its gun sights, identifying it as a game of chance – something the poker companies dispute. They believe poker is a game of skill and therefore not subject to the new rules.

    READ THE COMPLETE ARTICLE AT THE CHARLOTTE OBSERVER

    Related News

    • 04 December 2019

      Fantasma Games Launches Riviera Star Slot Inspired by Monte Carlo

      Developer, Fantasma Games, is taking punters to the French Riviera in their newest title – Riviera Star. The bright light and indulgent luxury of the Riviera are known far and wide. It’s also home to a true gambling Mecca – the Monte Carlo Casino. This famous venue has been in films, books, TV shows, and many other media and has stood for decades as a symbol of all the best that gambling has to offer. The glitz, the glamour, the breathtaking high-stakes wagers.

      Read full article
    • 29 November 2019

      NetEnt Celebrates Christmas with Santa vs Rudolph Holiday Slot

      Game developer, NetEnt, is celebrating the most magical time of the year with a new game release featuring two Christmas icons – Santa Claus and Rudolph the Reindeer. But there’s a different take on their relationship here. Gone is the “will you guide my sleigh tonight” and instead Santa and Rudolph are engaged in an all-out prank war.

      Read full article
    • 22 November 2019

      Yggdrasil Goes on a Trip Across the World in Aldo’s Journey Slot

      Game developer, Yggdrasil, has released a new slot offering that’s all about the wanderlust of traveling across the world looking for opportunities to strike it rich. That’s exactly the reasoning for the game’s protagonist, Aldo, who is traveling around the Earth to explore new places and earn lots of cash. And lots of cash it surely is, because there’s a 5x5 grid in play with a whole 65 paylines and that equals lots of chances for big wins.

      Read full article