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PR: CONGRESSIONAL VOTE TO BAN ONLINE GAMBLING IS A

Discussion in 'Casino Industry Discussion' started by Casinomeister, Jul 12, 2006.

    Jul 12, 2006
  1. Casinomeister

    Casinomeister Forum Cheermeister Staff Member

    Occupation:
    Homemaker
    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 must register/login in order to see the link.


    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
    You must register/login in order to see the link. 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.
     
  2. Aug 4, 2006
  3. bb1webs

    bb1webs Webmaster

    Occupation:
    gambling portal webmaster
    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.
     
  4. Sep 1, 2006
  5. linda7

    linda7 Quit Gambling

    Occupation:
    A mommy...best job ever!
    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.
     
    Last edited: Sep 1, 2006
  6. Sep 1, 2006
  7. lots0

    lots0 Banned User - troll posts - flaming PABnonaccred

    Occupation:
    I do nothing productive
    Location:
    Hell on Earth
    Not Correct

    No he is not.

    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.
     
    1 person likes this.
  8. Sep 1, 2006
  9. linda7

    linda7 Quit Gambling

    Occupation:
    A mommy...best job ever!
    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.
     
  10. Sep 1, 2006
  11. lots0

    lots0 Banned User - troll posts - flaming PABnonaccred

    Occupation:
    I do nothing productive
    Location:
    Hell on Earth
    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.
     
    1 person likes this.

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