Monday, December 04, 2006
Unlawful Internet Gambling Enforcement Act of 2006
This is a government site that allows the new UIGEA law to be read and accessed by all who don't understand the legalities of online gambling in the U.S. This was listed as a cost estimate in the fight against online wagering.
Internet gambling thrives on campus (10/17/06)
Effects Internet Gambling has on college campuses. Will the new Internet Gambling bill recently signed by Bush, cause students to find a new way to spend their time. (10/17/06
The Modern Grinder
The Modern Grinder a resource for the professional online poker player and our goal is to improve the online poker community by educating serious players and entertaining the casual ones
Gambling History of United States
Against the popular belief, gambling did not originate in the US. Most of the popular gambling games played in the American casinos have their origin in various foreign locales.
Heritage of gambling is somehow related to the Chinese culture. Chinese culture has been the home of numerous gambling games. Keno, a popular Chinese game is one of the original forms of the lottery games. Keno has evolved over thousands of years and is now played in played in various diluted versions in hundreds of casinos around the globe.
Heritage of gambling is somehow related to the Chinese culture. Chinese culture has been the home of numerous gambling games. Keno, a popular Chinese game is one of the original forms of the lottery games. Keno has evolved over thousands of years and is now played in played in various diluted versions in hundreds of casinos around the globe.
Where it stops, nobody knows
A very good story about a woman who thought she found the end of the rainbow
THE PENDING DETERMINATION OF THE LEGALITY OF INTERNET GAMBLING IN THE UNITED STATES
This post details how the new anti-gambling bill will deter companies from reaching to new customers and expanding their customer base.
Internet Gambling: Will History repeat itself?
This site address the issue of previous attempts to stop internet gambling.
This article compares it prohibition
This article compares it prohibition
Tuesday, November 21, 2006
New York Hits Gambling Operation
Read how a New York based Gambling operation becomes the first victim of the new anti-gambling act passed by President Bush.
Just click the title to access the fulls tory
Just click the title to access the fulls tory
Thursday, November 16, 2006
Internet gambling breeds addiction
The availability of internet gambling may draw individuals who seek out isolated and anonymous contexts for their gambling behaviours
Dr George Ladd & Dr Nancy Petry
Click on above title for story access
Dr George Ladd & Dr Nancy Petry
Click on above title for story access
Charges laid in Internet gambling operation
NEW YORK -- Criminal charges have been brought against more than two dozen people and corporations in four states in connection with a billion-dollar-a-year gambling website, authorities said yesterday.
Authorities declined to name any of those charged. One of the corporations is an offshore Internet company with an American counterpart, said Kevin Ryan, a spokesman for Queens District Attorney Richard Brown.
Ryan said the case is "one of the first times that a web designer corporation and the companies that maintain the websites have been charged."
He said the arrests by the DA's office and the New York Police Department represent the first time that Internet gambling charges have been brought since President George W. Bush signed into law last month the Unlawful Internet Gambling Enforcement Act.
Ryan said arrests had been made in four states, and "we have initiated a $500-million asset forfeiture case," one of the largest in state history.
Authorities declined to name any of those charged. One of the corporations is an offshore Internet company with an American counterpart, said Kevin Ryan, a spokesman for Queens District Attorney Richard Brown.
Ryan said the case is "one of the first times that a web designer corporation and the companies that maintain the websites have been charged."
He said the arrests by the DA's office and the New York Police Department represent the first time that Internet gambling charges have been brought since President George W. Bush signed into law last month the Unlawful Internet Gambling Enforcement Act.
Ryan said arrests had been made in four states, and "we have initiated a $500-million asset forfeiture case," one of the largest in state history.
The Becker-Posner Blog
The enforcement of anti-offshore gambling laws relies on credit cards. These laws can be circumvanted by alternative ways of paying for online bets like digital currency or European credit cards issued to U.S. consumers.
U.S. should lobby for a 48 hour wait time for credit card company charges for overseas gambling bets. This way, barriers to gambling overseas will lead to gambling within the U.S. (where American rules and regulations can be enforced).
On a different note, fake overseas gambling bets can be used for terrorist financing. Therefore, we need laws that curb such collusive behavior between 'American' customers and their overseas 'relatives'.
U.S. should lobby for a 48 hour wait time for credit card company charges for overseas gambling bets. This way, barriers to gambling overseas will lead to gambling within the U.S. (where American rules and regulations can be enforced).
On a different note, fake overseas gambling bets can be used for terrorist financing. Therefore, we need laws that curb such collusive behavior between 'American' customers and their overseas 'relatives'.
Internet Gambling: Prohibition v. Legalization
The following article looks at the idea of prohibition in regards to online gambling versus the idea of just legalizing the concept. \
Click title to access story.
Click title to access story.
Internet Gambling: Popular Inexorable and (Eventually) Legal
This paper was written in 1999 by Tom W. Bell. He studied the internet ghambling phenomenom and came to the conclusion that this form of gabling would eventually become legal. As evidenced by more recent laws that will not happen. Read what Tom though of the idea in retrospect.
Just click on title of article above to read Pdf file.
Just click on title of article above to read Pdf file.
The Future Legal Landscape for Internet Gambling
More and more clients are asking their lawyers whether Internet gambling is legal. To adequately represent clients interested in becoming involved in any way with Internet gambling requires lawyers to not only determine whether current laws, primarily criminal statutes, apply, but also to predict what the law will look like in the near future. The nature of the Internet requires that any legal analysis, including predictions of future developments, include multiple levels of government, ranging from tribes and states to countries, multi-national federations and international law. Most important are the laws that might impact the owners and operators of a website, which include not only where these individuals reside, but also where their computers are located and even the site of their server. As a practical matter, whether a local law makes it illegal for a player to make a bet is of less concern to operators; although large gaming corporations have to be careful to avoid illegal activities abroad to protect their home licenses and all operators are concerned with the collectability of wagers placed by credit cards.
Clink title above to access link to full article
Clink title above to access link to full article
Internet gambling: An Overview of the Issues
This is a link to a pdf file that delves into the issues of the why the U.S. government sought to ban online gambling through the use of credit cards. Just clink on the title above to access the link.
Tuesday, November 07, 2006
Thursday, October 19, 2006
In the early 21st century gambling was sometimes called the new American pastime. By 2004, 36 states had legalized casino gambling as a way to stimulate their economies and create jobs, either commercially or specifically on Native American lands. Television shows featuring poker tournaments attracted high ratings, giving casinos and card rooms valuable free publicity. One annual tournament, the World Series of Poker, garnered widespread media coverage with its huge cash payouts—including a $5 million grand prize in 2004. As more casinos continued to open around the world and Internet gambling grew rapidly, the industry attracted millions of new gamblers.
GAMBLERS who use credit cards to place bets are being hit with extra fees and punitive rates of interest.
ON THE INTERNET-- Gambling and betting have always been prevalent on the Internet, but now, due to the increasing popularity of professional and celebrity poker, the Internet has seen a proliferation of gambling sites, and Internet poker rooms are more popular than ever.
Secure websites and reliable credit card transactions have made it safer for stay-at-home gamblers to participate in online casinos, but at the same time, these conveniences have fueled the economic disorders of compulsive gamblers.
So much for the U.S. crackdown on Internet gambling. The Unlawful Internet Gambling Enforcement Act is designed to halt the flow of the roughly $6 billion that flows each year from U.S. gamblers to foreign Internet casinos by officially barring credit card companies and other U.S. financial institutions from processing illegal wagers. The Justice Dept. has long maintained that online poker gambling, like sports betting, violates terms of the 1961 Wire Act.
But within hours of the new bill's signing, many people were back online, betting on hands of Texas Hold 'Em—and they were not alone. Many now wagering through PokerStars.com and FullTiltPoker.com, both licensed by the Canadian Mohawk territory of Kahnawake and happily taking U.S. customers. (PokerStars also has a license with the government of the Isle of Man, where it is headquartered.) Both sites saw record numbers of players the weekend following the law's adoption, according to Louisiana's Casino City, which monitors traffic on online poker sites in its trade journals.
GAMBLERS who use credit cards to place bets are being hit with extra fees and punitive rates of interest.
ON THE INTERNET-- Gambling and betting have always been prevalent on the Internet, but now, due to the increasing popularity of professional and celebrity poker, the Internet has seen a proliferation of gambling sites, and Internet poker rooms are more popular than ever.
Secure websites and reliable credit card transactions have made it safer for stay-at-home gamblers to participate in online casinos, but at the same time, these conveniences have fueled the economic disorders of compulsive gamblers.
So much for the U.S. crackdown on Internet gambling. The Unlawful Internet Gambling Enforcement Act is designed to halt the flow of the roughly $6 billion that flows each year from U.S. gamblers to foreign Internet casinos by officially barring credit card companies and other U.S. financial institutions from processing illegal wagers. The Justice Dept. has long maintained that online poker gambling, like sports betting, violates terms of the 1961 Wire Act.
But within hours of the new bill's signing, many people were back online, betting on hands of Texas Hold 'Em—and they were not alone. Many now wagering through PokerStars.com and FullTiltPoker.com, both licensed by the Canadian Mohawk territory of Kahnawake and happily taking U.S. customers. (PokerStars also has a license with the government of the Isle of Man, where it is headquartered.) Both sites saw record numbers of players the weekend following the law's adoption, according to Louisiana's Casino City, which monitors traffic on online poker sites in its trade journals.
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