• EXPERTS SAY ONLINE GAMBLING WILL CONTINUE EVEN WITH ONLINE GAMBLING BAN

    04 October 2006

    Newspaper

    TECHWEB
    October 03, 2006 (1:11 PM EDT)
    Gaming Expert: Online Bets Will Continue, Despite New Laws

    By W. David Gardner, TechWeb Technology News

    Online gamblers in the U.S. will likely be seeking alternate ways of wagering to avoid new restrictions by Congress that are aimed at halting the practice, an expert in online gambling said in an interview Tuesday.

    “It’s not going to work,” said Frank Catania, former New Jersey gaming regulator. “There are alternate ways of payment — telephone cards, for instance.”

    Congress passed the tough regulation last weekend by tying it to unrelated legislation on port security.

    The legislation, which is expected to be signed by President George W. Bush, seeks to block U.S. banks and credit card companies from accepting payments for online gambling.

    Already hit hard by the legislation are several online gaming enterprises whose stocks collapsed on British stock exchanges. Although the majority of online gamblers are in the U.S., the firms that take the bets are scattered around the world in Europe, the Caribbean, and Central America. Many gambling firms’ stocks trade on the London Stock Exchange.

    Catania, who is a former assistant attorney general and director of the New Jersey Division of Gaming Enforcement, said online poker players will feel the brunt of the legislation. He added that bricks-and-mortar casinos support online gambling, because they have aspirations of getting into the market someday.

    Noting that 48 states already permit gambling through casinos or lotteries, Catania said little campaigning against gambling in the states has surfaced recently.

    While banks and credit card companies can be expected to comply with the new regulations, Catania said gamblers and online gambling operations will develop “workarounds” to continue betting. “These companies will find a way to be able to take bets from the U.S.,” he said.

    Related News

    • Get a taste of the electrifying vegas experience with danger high voltage megapays

      New Online Slots

      Get a Taste of the Electrifying Vegas Experience with Danger High Voltage MegapaysIvan Stefanovic01 August 2022

      Are you looking for a high-voltage online slot experience? If so, then you’ll want to check out Danger High Voltage Megapays. This game from Big Time Gaming offers players the chance to win four different progressive jackpots at random times. It features 4096 active paylines, an RTP of 96.39%, and a max win of 39620x the bet. The game is set in a cityscape that looks like Las Vegas, and players can choose to bet between $0.20 and $40 per spin.

      Read full article
    • Need for spin casino is live

      New Casino Sites

      Need For Spin Casino is LiveIvan Stefanovic26 July 2022

      Need For Spin is a brand and website owned and operated by GBL Solutions N.V., a company registered in Curacao. The new online casino has an understanding that gambling is all about having fun. That's why it has created a platform that combines the excitement of racing cars with the classic casino experience. Whether you're a seasoned gambler or just looking for a good time, you'll feel right at home here. The site offers a variety of bonuses, promotions, and casino games to keep you entertained.

      Read full article
    • Enjoy classic fruit symbols and exciting bonus features with four the win wild

      New Online Slots

      Enjoy Classic Fruit Symbols and Exciting Bonus Features with Four the Win WildIvan Stefanovic14 July 2022

      Swintt, a renowned slot creator, has introduced players to its most recent game, Four the Win Wild. A variety of classic fruit symbols are included, as well as several unique symbols that may be used to improve your luck. The title has been designed to work on all devices, so players can enjoy the game on desktop and mobile devices. If you're a seasoned player or just starting out, this one has something for everyone! It's full of features that will keep you coming back for more.

      Read full article