• Gambling Legislation Poses Low Risk To Online Gamblers

    30 October 2006


    Sunday, October 29, 2006

    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.


    Related News

    • 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
    • 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