Online Gambling Legislation Will Fail Says Some Experts
28 September 2009
Our government at work, it is a glorious and wondrous sight. Health care reform, probably. Economic overhaul, sure. Internet gambling regulation and legalization, many experts say not likely.
Tony Cabot, former President of the International Masters of Gaming Law Association, says that with all the other work before congress, it is unlikely that gaming reform, with its small economic footprint, will be given any consideration. Internet gambling is not going to be a high priority. And if it doesn’t get passed this year, it may not be for some time to come.
2010 is an election year and no politician is going to chance backing such a controversial subject like internet gambling. Also, if the Democrats lose their big majority in congress, which often happens in midterm elections, then they could lose their base and the support for gambling reform would dwindle. With President Obama’s and congress’s approval ratings plummeting, that is a very distinct possibility.
Believe it or not, even some existing online casinos are against repealing UIGEA. They are afraid of the increased competition and the fear that they would even be denied licenses to operate in the United States. Land based casinos are also divided on gaming law reform. Senator Harry Reid, (D) of Nevada, refuses to take a side on the debate.
State level reform is a possibility, but don’t look for any reform on the federal level anytime in the near future.
Some do say it will work, I guess we will have to wait and see what happens.These days you never know.
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Douglas Rennick, a Canadian man, has pleaded guilty to a count of processing offshore bets of U.S. citizens. Originally Rennick was looking at a charge of conspiracy and bank fraud. He had allegedly laundered $350 million dollars for overseas internet gambling companies. Rennick was indicted in August and on Tuesday entered a guilty plea to the one charge in New York Federal court. Part of the plea was forfeiting $17.1 million and a possible prison term of 6-12 months.Read full article
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27 June 2006New state online gambling law raises doubts
Monday, June 26, 2006 Seattle Post-Intelligencer / seattlepi.com New state online gambling law raises doubts Some legal experts say it’s too broad to hold up in court By BLYTHE LAWRENCE AND TRACY JOHNSON P-I REPORTERS Weeks after a new state law about online gambling took effect, some legal experts are questioning whether it would hold up in court. The new law echoes a federal law that already makes Internet gambling illegal and upped the crime to a felony.Read full article