Print 63 comment(s) - last by Fnoob.. on Oct 4 at 6:33 PM

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: Our governmetn
By sprockkets on 10/3/2006 10:09:42 AM , Rating: 1
Wrong. Gambling is a form of greed, wanting something for nothing, and that is clearly wrong.

Funny how again we will ban internet gambling just because it is foreign yet we will have local and nationwide lotteries, which is much worse than playing poker with friends for money. It is so nice for thousands to millions of people to play their lives away, and have so few winners. People say you have a better chance of getting hit by lightning than winning the lottery.

RE: Our governmetn
By deeznuts on 10/3/2006 1:04:55 PM , Rating: 2
I'm sorry but gambling is not wanting something for nothing. It can be greedy, yes, but you have to put something up (i.e. risk something) in order to receive a payout. There is nothing inherently wrong with that concept, but there is when it comes to abuse, just as there is with everything.

RE: Our governmetn
By udontknow on 10/3/2006 3:26:29 PM , Rating: 2
HA HA! Yea greed is definately the issue here! As in our govt is being greedy bc it cant accuratly tracking who is making what from internet gambling and no taxes are getting paid for the money thats being made and they can have that. thats what this is really about!

"If a man really wants to make a million dollars, the best way would be to start his own religion." -- Scientology founder L. Ron. Hubbard

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