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Online Gambling Gone Wild: U.S. Crackdown Sparks Offshore Boom
A bit of an in depth review and analysis
Webwork




msg:3297378
 1:52 pm on Mar 30, 2007 (gmt 0)

From Information Week [informationweek.com].

Far from slowing its growth, a government crackdown on online gambling has sent many sites offshore, and many others underground. But it's a good bet that Internet poker will remain a booming industry.

Wow! Who woulda thunk! Isn't Congress supposed to be protecting people and stopping bad practices and the bad guys?

I hope Congress has more success protecting the really vulnerable . . like the aging U.S. population, the young folk just entering the labor market, kids who can't pay for college, those needing healthcare but who can't afford it, . .

I feel the urge to register a domain dealing with Congress being deeply mired in the business of spin not substance. There is no bottom to the spin-not-substance pit.

 

handsome rob




msg:3297426
 2:34 pm on Mar 30, 2007 (gmt 0)

In order to get any BODY to do any THING, you have to give them a personal stake in it. Sometimes that stake can just be the benefit of having a cause to adopt, regardless of whether or not you know anything about it or even care (for more examples of this, see Al Gore). Just like all falling celebrities shoot their mouths off on either side of the political aisle in a desperate attempt to get a headline somewhere, any Senator who wants the rockstar status of Al Gore and Chuck Schumer has to adopt a cause. What better cause than one that is cutting you out of their profits, is widely seen as a vice, and is already regulated with a heavy hand? Unfortunately for them, I think this cause is over-saturated.

adfree




msg:3297447
 3:11 pm on Mar 30, 2007 (gmt 0)

Regulation & enforcement instead of forbidding. How many times have responsible, caring members of the web community asked for that?

Legislators still don't understand the web is not a big surprise really. That they do NOT understand human nature, THAT's a shock.

kapow




msg:3297566
 5:10 pm on Mar 30, 2007 (gmt 0)

Glad I bought shares in online gambling when they took a dive ;)

I thought at the time it was a political publicity stunt.

Manga




msg:3297713
 6:42 pm on Mar 30, 2007 (gmt 0)

"Along with many others, Kelly believes that online gambling will eventually be legal in the United States. 'The panic created by the DOJ's actions will eventually subside, new legislation will be passed, and we'll see a regulated industry emerge,' Kelly said. When that will happen is anyone's guess. But 'the notion that you can put a definitive stop to online gambling is a ludicrous one,' he said."

I couldn't agree more with this statement.

mfishy




msg:3297771
 7:23 pm on Mar 30, 2007 (gmt 0)

I love how thye are protecting the kids...

[worldwinner.com...]

It's legal to gamble on these sites because they are deemed "games of skill", but that's cool because everyone knows that kids HATE video games and would much rather being playing holdem. :)

TinkyWinky




msg:3297835
 8:35 pm on Mar 30, 2007 (gmt 0)

Kinda shows the logic behind brining in the bill was REALLY thought through guys ROFLMAO

Also, isn't there a number of challenges coming to the fore on the technicalities of the bill itself and one particular 'unlawful' component?

tictoc




msg:3297923
 10:26 pm on Mar 30, 2007 (gmt 0)

We knew it would happen. More money to other countries and the US gvmt will see no legit tax income from this now... bad move on our politicians side!

oneguy




msg:3297942
 10:55 pm on Mar 30, 2007 (gmt 0)

WTO Rules U.S. Web Gaming Ban Illegal; Shares Jump

The U.S. ban on offshore Internet gambling payments is illegal, the World Trade Organization said today, upholding a previous decision that allowed for possible sanctions.

From Bloomberg [bloomberg.com]

mfishy




msg:3298251
 11:57 am on Mar 31, 2007 (gmt 0)

One of the things I was getting at in my typical annoying style was that poker IS A GAME OF SKILL. If not, why do the same damn people win every year in every major tournament? Are they really lucky? There was no reason at all to lump poker in with this but leave out stuff like backgammon.

But, there is no logic. If there were, online gambling on horse racing would not have been purposely left out.

It's prohibition. Look, I hang around (for the most part) a group of pretty affluent 30-somethings and nearly all of them play poker online for cash (or did). Same for sports betting. You know who wins? The bookies of course. Organized crime is dancing in the streets at all the action they just took back.

sorry for the rant - hate big brother protecting me). Soon they will tell me to stop smoking...oh...forget it :)

maccas




msg:3298254
 12:06 pm on Mar 31, 2007 (gmt 0)

It really makes you wonder how governments of the world never learn from past mistakes. Be it a war or prohibition.

gibbergibber




msg:3298670
 11:41 pm on Mar 31, 2007 (gmt 0)

If a gambling ban could work, then there would be at least some arguments in favour of it. But a gambling ban can't work, it's far too easy to just move these sites and their winnings abroad.

Prohibition of alcohol had the same problem, it was just way too easy to make alcohol.

-- One of the things I was getting at in my typical annoying style was that poker IS A GAME OF SKILL. If not, why do the same damn people win every year in every major tournament? Are they really lucky? There was no reason at all to lump poker in with this but leave out stuff like backgammon.--

I don't think anyone's banning Poker, they're banning playing games for money.

night707




msg:3299397
 7:46 pm on Apr 1, 2007 (gmt 0)

Trying to fight IT gambling. abortion, porn, prostitution etc. belongs tp the past. Fighting against global pollution, poverty, for real freedom, humanity and a more intelligence would make more sense.

Anyway, more than sorry to say, but the U.S. seems to be very much on skid row in these days not only with chasing out gambling sites and such tragedies like the Iraq operation.

At least it is good, that some 3rd world Offshore locations do benefit from revenues and new jobs.

mfishy




msg:3302339
 5:25 pm on Apr 4, 2007 (gmt 0)

I don't think anyone's banning Poker, they're banning playing games for money.

Did you read my post? Obviously not. They laws are specifically against some games and not others.

AsleepATheWheel




msg:3303030
 10:22 am on Apr 5, 2007 (gmt 0)

"poker IS A GAME OF SKILL"

That realy does depend on the level of play, and luck most definatly does come in to it.

mfishy




msg:3303205
 1:50 pm on Apr 5, 2007 (gmt 0)

Hehe, ok - not going to argue. Sit down at a table with players that are better than you for several hours. See how your luck treats you :)

But, back to topic, why is it that betting on basketball, football, etc was deemed illegal but betting on HORSES online is perfectly fine?

ccDan




msg:3303613
 7:46 pm on Apr 5, 2007 (gmt 0)

mfishy asks:
But, back to topic, why is it that betting on basketball, football, etc was deemed illegal but betting on HORSES online is perfectly fine?

They have more effective lobbyists.

gendude




msg:3303846
 12:24 am on Apr 6, 2007 (gmt 0)

They have more effective lobbyists.

It's not just the horse and dog racing lobbyists, it's also the state and regional lottery lobbyists.

Politicians love some of these kinds of things, because it means more money for the states, which means more money for the politicians to win. They can claim the lottery money is going towards school funding or welfare or whatever, but chances are not all of it is.

A lot of casinos also spend a lot of money lobbying so that neighboring states don't get casinos. I've heard this happens with Texas, Oklahoma, and Louisiana - that casinos in Oklahoma and Louisiana lobby Texas politicians like crazy to keep casinos out of Texas, so that Texans gamblers continue to make their trek to Oklahoma and Louisiana.

jomaxx




msg:3303984
 4:59 am on Apr 6, 2007 (gmt 0)

Maybe poker could be called a "game of skill", but so what? You're creating a false dichotomy between "skill" and "gambling". By what possible definition could playing poker not be considered gambling?

Every type of gambling I can think of, except for a pure lottery, is a game of skill. If you know how to play blackjack, dice, even the slot machines, you'll do a lot better in the long run than someone who doesn't know where the odds lie.

Quadrille




msg:3304296
 3:03 pm on Apr 6, 2007 (gmt 0)

It's about money *surprise*

The US government thought the new law would stop US money going offshore.

It didn't *surprise*

The only question now is whether they try again, driving it yet further offshore / underground, or they legalise and regulate in order keep the cash in the USA.

One guess is allowed.

You guessed they'd legalise and regulate?

WRONG!* :)
Paypal $1,000 immediately.

You guessed they'd try again?

RIGHT!* :)
You win $1,000,000 credit, to be spent on this site, and gambled until you lose the lot.

Skill? How much skill does anyone need to outguess a government?

*I was joking. you knew that, right?

mfishy




msg:3304455
 5:55 pm on Apr 6, 2007 (gmt 0)

ccDan, it was a rhetorical question.

Maybe poker could be called a "game of skill", but so what? You're creating a false dichotomy between "skill" and "gambling". By what possible definition could playing poker not be considered gambling?

Every type of gambling I can think of, except for a pure lottery, is a game of skill. If you know how to play blackjack, dice, even the slot machines, you'll do a lot better in the long run than someone who doesn't know where the odds lie.

My point exactly. The government has no idea where it stands. Some games are legal to for one to GAMBLE online and some are not. Eh...no real reason to vent, it has little to do with aff marketing, other than the simple fact that gaming affiliates in the USA have to worry about breaking the law. Whether the law is absurd or not is for another forum I guess.

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