Interesting Article regarding senate bills

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kmartinusa

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Anthony Curtis, publisher of the "Las Vegas Advisor" posted the following on his website today...Kind of interesting:

"Note: Senator John Kyl (Rep.) has consistently led the attack against Internet casinos. Over the past several years, he’s repeatedly introduced bills aimed at outlawing online gambling. (Interestingly, his stance—that online gambling needs to be made illegal—would seem logically to imply that it currently is not illegal, though he naturally downplays that suggestion.) This legislation is designed to attack the money-transfer systems that people use, including credit-card transactions and bank transfers. Since we're unaware of any credit-card companies that allow these transactions, and because companies like NeTeller are not based in the States, we're not sure that the bill would effectively do anything, were it ever to be passed. It would, however, make online gambling more clearly illegal, although whether this would have any impact on Americans gambling online is doubtful. In our opinion, it's the legislative equivalent of spitting in the ocean.

Online gambling is a multi-billion-dollar international industry. By precluding American corporations from running these sites, we lose all this potential gambling revenue to other countries -- jobs, tax revenues, economic stimulation, not to mention ancillary businesses such as payment processors like NeTeller. If regulated online gambling were permitted in the U.S., we believe credit-card companies would again allow these transactions, because they could have more safeguards in place, which would in term benefit other areas of our economy. We don't feel it's a question of if America will ever allow online gambling; it's only a question of when, and we're guessing at about 10 to 20 years from now."

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paul02085

Dormant account
Joined
Jan 29, 2002
Location
USA
kmartinusa said:
Anthony Curtis, publisher of the "Las Vegas Advisor" posted the following on his website today...Kind of interesting:

"Note: Senator John Kyl (Rep.) has consistently led the attack against Internet casinos. Over the past several years, he’s repeatedly introduced bills aimed at outlawing online gambling. (Interestingly, his stance—that online gambling needs to be made illegal—would seem logically to imply that it currently is not illegal, though he naturally downplays that suggestion.) This legislation is designed to attack the money-transfer systems that people use, including credit-card transactions and bank transfers. Since we're unaware of any credit-card companies that allow these transactions, and because companies like NeTeller are not based in the States, we're not sure that the bill would effectively do anything, were it ever to be passed. It would, however, make online gambling more clearly illegal, although whether this would have any impact on Americans gambling online is doubtful. In our opinion, it's the legislative equivalent of spitting in the ocean.

Online gambling is a multi-billion-dollar international industry. By precluding American corporations from running these sites, we lose all this potential gambling revenue to other countries -- jobs, tax revenues, economic stimulation, not to mention ancillary businesses such as payment processors like NeTeller. If regulated online gambling were permitted in the U.S., we believe credit-card companies would again allow these transactions, because they could have more safeguards in place, which would in term benefit other areas of our economy. We don't feel it's a question of if America will ever allow online gambling; it's only a question of when, and we're guessing at about 10 to 20 years from now."

You can read the whole article here:
You do not have permission to view link Log in or register now.

The key points are:
1. Can they force ISP's to block gambling sites?
and
2. Can they force banks not to send funds to, or receive funds from, sites like Neteller?

If they can do this it will effectively kill online gaming and online poker in US.

I am hoping they cannot get these 2 things done.
 

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