The Death Of ONLINE GAMBLING And How To Avoid It

As it stands right now, individual states are free to prohibit or practice gambling of their borders while significant restrictions and limits are put on interstate which activity. In recent years, online video gaming has seen harsher restrictions. With the Unlawful Net Gambling Enforcement Act of 2006 (UIEGA), it had been not explicitly banned but instead it was online financial transactions that were outlawed. This meant that online financial transactions from gambling service providers were now illegal which resulted in many offshore gambling operators excluding US buyers from their services.

Existing in this lawful grey area, it is no longer a question of if online gambling will enter into the US market but when as well as perhaps how. As recently as this month, three states own legalized online gambling and plan to begin offering bets by the finish of this year. Naturally, a gaming company in Las Vegas known as Ultimate Gaming was the first ever to offer online poker but for now restricting it to just players in Nevada. New Jersey and Delaware also have legalized online gambling and so far ten other states are considering legalizing it in some form or another.

Frank Fahrenkopf, president of the American Games Association has said that “Unless you will find a federal bill passed, we are going to have the best expansion of legalized gambling in the United States. I don’t believe that’s what anyone intended, but it is what we’re discovering.” This poses plenty of questions and of course concerns for most existing commercial casinos in addition to American policy makers. Will legitimate online gambling mean fewer people in brick and mortar casinos? Will this develop a new source of revenue at hawaii and national level? What about taxes and regulations? A rise in gamblers?

Many people including Arnie Wexler, former chairman of New Jersey’s Council On Compulsive Gambling has voiced concern that with the good this could do to create income and revenue for particular states there could be problems with a rise in compulsive gambling. There is particular concern regarding social media in america as some spots like Zynga have already begun taking real-money bets.

Taking in mind all the questions and concerns, many hotel casinos are already making plans to broaden into online gambling to complement their real casinos. Geoffrey Stewart, general manager of Caesars INTERNET POKER has said “Like any other business, you’re always looking for what is the next distribution channel.”

Leave a Reply

Your email address will not be published. Required fields are marked *