The online gambling industry has definitely been shaken up lately
 December 13, 2007, 10:25 am (11 months ago)The online gambling industry has definitely been shaken up lately. With the many bills being presented to Congress, current Presidential candidates endorsing altering the current legal situation, the resignation of United States Attorney General Alberto Gonzales, and the UK’s recent approval of certain gambling industry media coverage, it seems that things may be changing drastically for the world of online gambling.
Although there is still a ban on online casino gambling, it seems that the groundwork has been laid for changes to come. In a recent editorial in Newsday just this past week, the US was referred to as the “elephant”, regarding its debate with Antigua and Barbuda on the Caribbean countries’ allegations that the US has broken WTO policy by not allowing online wagering with offshore companies. If the US complies with the ruling set forth by the WTO, the US, once the largest online casino market, will be forced to open up to outside companies, such as the ones located in Antigua and Barbuda.
The editorial goes on to state that while it will require more effort to open up American companies to competition, the US will be forced to replace the current ban with regulations.
Massachusettes Democrat Barney Frank may just have the perfect solution in his bill that requests a safe gaming environment that protects users from fraud and filters out minors. In any case, if the US is forced to open its online gaming doors to outside countries, the revenue from taxes should be enough to soften the blow.
Automatic Translation
|
Comments (0)
