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CNBC had a segment...

Discussion in 'Online Casinos' started by Richtree7, Apr 26, 2007.

    Apr 26, 2007
  1. Richtree7

    Richtree7 Senior Member

    Retired but still working
    on Rep. Barney Frank's attempt to lift the on-line gambling prohibition in the U.S. today at about 1:30 p.m. If I heard correctly, the bill would attempt to make more regulations for on-line gambling, including an eventual method to collect tax for on-line winnings. Personally....I would like to see some of the casino's that opted to stop U.S. players from playing at their casino's allow us back. I miss playing at some of those casinos...but, I would rather keep it the way it presently is rather than lift the ban and end up being required to pay tax on winnings. In the number of times I have been lucky enough to win, I have always been paid and never been screwed by an on-line casino and that includes under current regulations. In my opinion, the worst thing about on-line gambling is the way on-line casinos hold you by a sensitive body part until they are good and ready to pay you. There is truly no technically good reason to make one wait a month for your winnings. Oddly enough, the casino hurts themself while making me wait because I will not play their casino again until I have my winnings in my pocket.
    Anyway, glad to have this forum to express my thoughts.
    1 person likes this.
  2. Apr 26, 2007
  3. lojo

    lojo Banned User - repetitive violations of <a href="ht

    I would almost prefer it to stay as it is too, but by July 9 the UIGEA is actually supposed to take effect (or at least the regulations are supposed to be issued to processors by then) and I'm afraid it will get harder and harder for us and every transaction will probabaly be at risk of siezure.

    As it is now there are some pretty creative things going on for deposits and withdrawals - I expect many of them to dry up within a month or two.
    Some transactions are going through several intermediaries and that in itself may become a red flag.
    And with enough pressure US banks will soon stop processing the preferred card's bank transactions.

    The good news is that the last operational bulletin issued by You must register/login in order to see the link. (January 16) states that anything other than sports betting is not known to violate the law.

    Here's a link to a link to the actual bill THE BILL or You must register/login in order to see the link. direct.

    I'm afraid the glory days are over Richtree, and it's a bummer, but we stand a small chance of something like guilt-free online gambling if the bill miraculously passes.

    Good luck:thumbsup:
    1 person likes this.

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