• 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 June 2020

      Slots.ag The New Upcoming Casino in the iGaming Market

      The gambling market is becoming richer with the launch of the new online gaming hub - Slots.ag. It will open its doors soon, to the luck of all players eager for some high-quality playing experience. With a modern, yet simple presentation, it enables smooth and fast browsing. It has a great starting point and features to stand out as the favorite hub for players, but we will see its whole potential once it opens its doors. Unique Offer Hard to Pass

      Read full article
    • 02 June 2020

      Distribution Agreement with Neko Games Adds Latin Flair to the Microgaming Portfolio

      As a leading gaming supplier, Microgaming is always expanding its wide web of strategic partnerships. The recently announced distribution agreement with Neko Games will enrich the brand’s portfolio with some exclusive releases. They will bring the Latin flare since the up-and-coming game design and development Argentinian studio is specialized in producing content with such twist.

      Read full article
    • 31 May 2020

      Spearhead Studios Launches Book of Gates Slot Exclusively Developed for Wunderino Casino

      One of the most innovative gaming suppliers, Spearhead Studios, has announced the release of its bespoke new title - Book of Gates slot. The game has been launched exclusively on the successful German online casino: Wunderino. It features an Egyptian theme and follows the adventures of British explorer, Sir Percy Forcet, on a quest to discover the treasures hidden deep inside the tomb of a powerful pharaoh, using the ancient scroll as his guide.

      Read full article