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If Online Gambling were regulated in the US....

Discussion in 'Casino Industry Discussion' started by Westland Bowl, Jul 25, 2006.

    Jul 25, 2006
  1. Westland Bowl

    Westland Bowl Tin Foil Hat Club Member CAG PABnonaccred

    not applicable
    Would some non-US online casinos move to USA or open up a US branch? Hiow many jobs would this provide?

    Would I still be able to wager at non-US based online casinos?

    Who would/should be the regulators? Federal or state level?

    Would sports-betting be totally excluded even if it went through the Internet instead via telephone?

    Would withdrawals be faster?

    Would the games be fairer? (If they are not already)

    Would you more likely to gamble at a brick-and-mortar casino, like MGM Grand, Sam's Town, etc, if they offer comps on their online casino version?

    Would Casinomeister move back to US? :D
  2. Jul 25, 2006
  3. Casinomeister

    Casinomeister Forum Cheermeister Staff Member

    Maybe some of your smaller casinos might, but I doubt if the big ones would. They are pretty much cemented in where they stand. And when they move, they have to retrain all their customer service reps. And we know what that's like. :D

    I don't see why not. It's just another licensing jurisdiction.

    State level. The feds usually have their heads up their fourth point of contact.

    Sportsbetting is tricky. The wire act was written over 40 years ago to combat organized crime. If a sportsbook is licensed in the US (or UK for that matter), hopefully organized crime is a moot issue. But the Bible thumpers don't see it that way.

    No - probably be slower since the US is still trying to find Bin Laden.

    Same games. Lest we forget that WagerWorks is owned by IGT. You'd probably see most US casino go for this or MGS, or Crypto (think Ladbrokes, and William Hill). MGM used Wagerworks when they were online (oh so briefly).

    If they offer to fly you to Vegas - sure. :D

    When I can by ten liters of good Bavarian beer at Ralphs for $10, I'll move back :D
  4. Jul 26, 2006
  5. SlotsWizard

    SlotsWizard Dormant account webmeister

    I currently work for the Wizard of Odds
    North of Antarctica
    I have been trying to figure out how this would work too. I'm no politician or anything of the sort, but here is a high-level overview of what I have come up with so far:

    1. Each state should individually decide if
    (a) its residents can engage in online gambling, and
    (b) online gaming businesses can set up shop within that state.

    2. If the state decides to permit online gaming businesses to set up shop within its borders, it can grant a "Level 1" license to an applicant seeking to do so, upon the completion of due diligence - criminal background checks (excluding online gambling "violations" :D), software and RNG fairness and accuracy, banking security, financial backing, etc. Note that such a "Level 1" license would ONLY permit the business to serve customers within that state.

    3. Upon being issued a "Level 1" license from the state, the business can, if it chooses, apply for a "Level 2" license from the Federal Government. A "Level 2" license would permit the operation to serve customers from other states that allow their residents to gamble online, and foreign jurisdictions where it is legal to gamble online.

    4. Taxes - can probably remain the same as they are now. Sometimes the House wins, sometimes the Player wins. But no matter which side comes out ahead any given month, the government will ALWAYS get a cut from the taxes. So the only guaranteed long-term winner would be the government.

    Okay, well... that's it. Like I said, it's very high-level and I'm no politician... and I would definitely like to hear others' thoughts on this subject.

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