PR: CONGRESSIONAL VOTE TO BAN ONLINE GAMBLING IS A

Casinomeister

Forum Cheermeister
Staff member
Joined
Jun 30, 1998
Location
Bierland
CONGRESSIONAL VOTE TO BAN ONLINE GAMBLING IS A WASTED POLITICAL EXCERCISE​


BETonSPORTS SAYS REGULATION - NOT PROHIBITION - IS THE ONLY WAY TO
PROTECT CONSUMERS, CONTROL UNDERAGE AND PROBLEM GAMBLING​
REGULATION WOULD GENERATE BILLIONS OF DOLLARS IN
TAX REVENUE FOR THE U.S.​


July 11,2006 - LONDON -Following today's vote in Congress on the
Goodlatte-Leach Online Gambling Enforcement Act, HR 4411, BETonSPORTS
(LSE: BSS) renewed its commitment to regulate the online gambling
industry in the United States and reiterated its opposition to any
efforts to prohibit Internet gambling.

"We are determined to establish provisions for online gambling
businesses to be taxed in the United States and to create measures to
effectively control underage and problem gambling," said BETonSPORTS
CEO David Carruthers. "BETonSPORTS and other industry leaders share
these same concerns as Representatives Leach and Goodlatte. Efforts to
prohibit online gambling in the United States have failed repeatedly,
proving that prohibition cannot effectively or expeditiously address
these concerns. Instead, Congress should focus its energy and
resources on viable solutions through regulation to protect consumers
and to control underage and problem gambling and to ensure the United
States receives the billions of dollars in tax revenues it deserves
from Americans who wager online each year."

BETonSPORTS is committed to establishing effective measures to
protect consumers and the vulnerable in society. The company argues
that regulation - not prohibition - will control underage and problem
gambling. BETonSPORTS wants to license and tax online gambling
operators in the United States. The company shares the same concerns
with its critics. These interests include:


-- Preventing underage gambling - Industry leaders like
BETonSPORTS currently have mechanisms and practices in place
to help curtail underage gambling. Regulation could make these
practices more enforceable and extend their reach. New
technologies can provide regulators with better information,
including the ability to provide an audit trail for each
transaction or to block participation by certain players.


-- Deterring compulsive gambling - Currently, industry leaders
like BETonSPORTS use software to help their customers keep
track of their betting histories. The same software can be
used to impose cooling off periods when necessary. Regulation
could standardize these practices across the industry.


-- Controlling money laundering and fraud -By regulating the
online gambling industry, regulators can ensure that industry
operators and businesses uphold transparent and best business
practices.


-- Increasing tax revenues for the United States - Americans
contribute as much as 50% of the $10 billion in profits global
internet gambling companies will earn this year - revenue that
that could be added to state and local budgets in this
country, if companies were regulated, licensed and taxed.


BETonSPORTS is a global presence in the online gambling industry
with a wide range of brand offerings covering sports betting, poker,
casino, and other forms of online gambling. BETonSPORTS plc has a
global reach with geographical focuses in North America, Asia, and
Latin America. BETonSPORTS plc has long been an advocate of regulation
for the industry and earlier this year published a white paper on why
regulation is needed in the U.S.
To read a copy of the BETonSPORTS white paper on why the industry
should be regulated, click here:
You do not have permission to view link Log in or register now.



About BETonSPORTS: Established in 1995, BetonSports is one of the
largest licensed and publicly-traded online wagering companies in the
world. Operated by BetonSports plc (LSE: BSS.L), BETonSPORTS is
licensed in Europe and the Caribbean with offices in London, Costa
Rica, Antigua, Guatemala, Mexico and Malaysia. BETonSPORTS plc owns
and operates 20 different online gambling brands, including the
world's most dynamic sports book, a casino, and a poker room. Visit
www.BOSplc.com for more information.

Safe Harbor Statement: Statements in this announcement that are
not strictly historical may be "forward-looking" statements, which
involve risks and uncertainties. These include risks and uncertainties
relating to customer and supplier relationships and prices,
competition, market demand, litigation and other contingent
liabilities, the integration and operation of acquired businesses, and
economic, political, governmental and technological factors affecting
BETonSPORTS plc's operations, markets, products, services and prices,
among others, as set forth in public filings.
 

bb1webs

Webmaster
Joined
Apr 4, 2005
Location
BondedCasinos.com
smart the way they worded their approach to not combat any of the "concerns" brought up by the pricks who want to enter the privacy of US homes and tell people what they can and can't do ...

and instead turning the tables on them and using their own best ammunition against them.

then wrapping it all up tight by highlighting the enormous amount of taxes fed and LOCAL govts won't be receiving ..

very nicely done.
 

linda7

Quit Gambling
Joined
Apr 12, 2002
Location
Brooklyn, NY
not worded nicely enough!

Since David Carruthers is now in a US jail, I do not think the US Congress fell for his song and dance.
 
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lots0

Banned User - troll posts - flaming
Joined
Jun 3, 2006
Location
Hell on Earth
Not Correct

Since David Carruthers is now in a US jail
No he is not.

I do not think the US Congress fell for his song and dance.

The US Congress had nothing to do with with Mr. Carruthers being arrested...

That is and was the US Dept. of Justice, ran by a Bush pocket billards toy and White House de facto fascist, Alberto R. Gonzales.
 

linda7

Quit Gambling
Joined
Apr 12, 2002
Location
Brooklyn, NY
In & Out...lol

My post was an off handed joke. However, I do beieve with all my heart that there are far too many crooked sites online (even if there is only one, it is one too many)! Since regulating this industry seems impossible, then if stopping online gaming in the US kills the deadbeat casinos, then I am all for it. Can anyone name one casino that has not been problematic? Every single day there are new posts about people having their money seized by these creeps.
 

lots0

Banned User - troll posts - flaming
Joined
Jun 3, 2006
Location
Hell on Earth
Since regulating this industry seems impossible
Really, how so?

Regulation has NEVER been tried in the US. So no one knows if it would work or not. The ONLY thing that has been tried inside the US is Proabition and I think we all know that proabition has NEVER worked, not on Alcohol, not on Drugs, not on porn and not on gambling.

However, regulation does work in the rest of the world. England for one has Regulation and they seem to be doing just fine with it.

So saying that regulating online gambling inside the US is impossible, is not quite correct, in my opinion.
 
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