• Gambling Legislation Poses Low Risk To Online Gamblers

    30 October 2006

    Newspaper

    THE OREGONIAN
    Sunday, October 29, 2006
    ALEX PULASKI

    Peter Dumdeang’s voice rose above the TV patter in a bare-walled East Portland apartment, his insistence interrupting two other men who, like him, appeared hypnotized by their laptops.

    Things were desperate. Down to his last chips Thursday in an Internet poker tourney, Dumdeang needed one of two cards to survive. “C’mon, eight,” he pleaded. “Eight of hearts on the river.”

    The river — the last face-up card in the most popular poker game, Texas hold ‘em — flashed on his screen. Bingo: eight of hearts. High fives erupted, and chips neatly marched into his on-screen stack.

    Fortune delivered on that hand, but Dumdeang and millions of other online gamblers across the nation remain wondering whether their luck is finally running dry. President Bush signed a law Oct. 13 aimed at cutting off the flow of money to online casinos based offshore. The law doesn’t expressly outlaw Internet gambling, but it sets civil and criminal penalties — as long as five years in prison — for transmitting funds between online gambling sites and institutions, such as bank and credit-card companies.

    In Oregon and across the country, poker players continue to play online despite the law, which federal authorities say they are unsure how to enforce. In many cases, players use online third-party financial sites based overseas to move money between U.S. bank accounts and gambling sites.

    READ THE COMPLETE ARTICLE AT THE OREGONIAN

    Related News

    • 14 August 2019

      Global iGaming Market Value to Increase to $94.4 Billion by 2024

      The Global iGaming industry is very large and very profitable. All around the world, people are betting on sports events, horse races, and enjoying casino games or interactive video slots. The industry seems unstoppable, but exactly what is driving this growth and how will it all look like in the future? Now, a new market report by Zion Market Research answers these questions and reveals some surprising statistics about the industry and the factors at play in its growth. Massive Growth

      Read full article
    • 31 July 2019

      Dutch Minister Publishes iGaming Secondary Regulations Proposal

      Ahead of the expected launch of the Dutch regulated gaming market in 2021, the Minister for Legal Protection, Sander Dekker, has published a set of secondary regulations with the industry stakeholders being able to submit comments on the proposed rules until the 18th of September. The rules mostly deal with player protection, transparency around bonus offers, and impose a duty on the operators to monitor for and deal with problem gambling. Stiff Regulations:

      Read full article
    • 11 June 2019

      The Netherlands Gaming Authority Expects Online Gambling Market To Open In January 2021

      The Dutch top gambling regulator announced that the Netherlands’ new regulated online gambling market won’t take off for another year and a half. During the Gaming in Holland conference, the chairman of the Kansspelautoriteit (KSA) gaming regulatory body, Rene Jansen, said that the regulator was planning for the country’s new Remote Gambling Act to take effect on July 1, 2020. International Operators Highly Interested:

      Read full article