---- Internet Gambling Legalization Bill to Be Considered by U.S. Congress
mollila - 10:34 pm on May 5, 2009 (gmt 0)
There are plenty companies outwith the U.S. that'd love for online gambling to be legalised there again. Some of these companies had their stock market valuation slashed when it became apparent they had to shut up shop to U.S. customers.
The stock listed companies who stopped accepting US online gamblers took a hit, but American gamblers moved on to play at offshore sites which are still having their profits soar. Despite the UIGEA, US players are finding ways to deposit and withdraw money from online gamling sites. This bill has not stopped Americans from gambling online, it has just forced them to switch websites.
The global online gambling business goes on as we speak; business as usual. Would it not be better for US to regulate and tax it, instead of letting offshore companies run the show?