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Something tells us that it's no bluff

Relax, your World of Warcraft addiction is safe. Your Party Poker addiction, however, is in a bit of peril as U.S. Congress passed legislation to end Internet gaming (gambling). More specifically, the House of Representatives and Senate over the weekend approved a bill that would make it illegal for banks and credit-card companies to make payments to online gambling sites.

International online gaming companies PartyGaming Plc, Sportingbet, and 888 Plc are likely to pull out of the United States. According to this Reuters report, PartyGaming generates about 78 percent of its revenue from the United States, while Sportingbet gets about 62 percent there. More details from this Citywire story

Provisions in the bill, in a section labelled the 'Unlawful Internet Gambling Enforcement Act of 2006', outlaw the processing of payments between US gamblers and on-line gaming companies. Although the act makes unlawful the receipt by a gambling business of proceeds or money in connection with unlawful internet gambling, it does not clarify the definition of unlawful gambling. But PartyGaming says that if the bill is signed it will be practically impossible for it to provide US residents with access to its real money poker and other real money gaming sites.

Analysts say that this law won’t go unchallenged, but for now, President Bush’s signature looks to be the nail in the coffin.



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RE: the way around it
By hondaman on 10/2/2006 9:12:53 PM , Rating: 2
Jeez. Here we go again. ITS ALL DUBYAS FAULT!!!!! Its a very common accusation from the uneducated and ignorant.

Bush had NOTHING to do with this bill. In fact, this bill has been in the works since 1997.

I agree that this is absolutely not the governments place to tell me what and where I can or cant spend my money, but to blame Bush for this bills' passing is moronic.

Taken from http://www.gambling-bill.com/bill_history.html

S 474 Internet Gambling Prohibition Act of 1997 Sen Kyl
--> Failed


HR 2380 Internet Gambling Prohibition Act of 1997 Rep Goodlatte
--> Failed


S 692 Internet Gambling Prohibition Act of 1999 Sen Kyl
-->Failed


HR 3125 Internet Gambling Prohibition Act of 1999 Rep Goodlatte
--> Failed


HR 4419 Internet Gambling Funding Prohibition Act Rep Leach
--> Failed


HR 3215 Combating Illegal Gambling Reform and Modernization Act Rep Goodlatte
--> Failed


HR 556 Unlawful Internet Gambling Funding Prohibition Act Rep Leach & LaFalce
--> Failed


RE: the way around it
By alcalde on 10/2/2006 9:41:27 PM , Rating: 2
Bush can receive part of the blame for sure, as long as he either signs it or allows it to pass into law without signature. Now how people like Jack Abramoff and casino lobbyists figure into all this is a more interesting question....


RE: the way around it
By GreyMittens on 10/3/2006 10:24:04 AM , Rating: 2
Maybe he'll veto it like he did with Stem cell research. /sarcasm off



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