• 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

    • 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
    • 23 May 2020

      Shine A Light At Tsars Casino – A Brand New Online Gaming Venue

      With so many online gaming venues, players must have a hard time deciding which one to pick. Now that task is even harder because the new Tsars Casino is on the market and it looks quite dashing. Besides its stunning presentation... …lays the big portfolio full of various entertainment options. Its promotion section is also the talk of the town since it is quite impressive with its numerous incentives. A wide assortment of banking methods...

      Read full article
    • 01 May 2020

      Billy Spins is One of the Hot New Upcoming Casinos

      There’s a new star rising on the iGaming sky – Billy Spins casino. With an interesting design, it has a lot to offer. Starting with a great promotion section to its strong game portfolio, it provides a variety of entertainment options. A Sister Site to the Award-Winning Platform The team behind Billy Spins is responsible for developing one of the leading bingo casinos – Bingo Billy.

      Read full article