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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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Good!
By mindless1 on 10/3/2006 2:33:10 PM , Rating: 2
I can't feel sorry for the something-for-nothing crowd who tries to make money gambling instead of applying time towards things constructive and valuable enough that society finds it useful enough to PAY them.

If you just like to play these games, that should be enough to play without real money involved. It's not like this is Vegas, where you have an entire environment besides the actual gambling. If you are upset, tough! Gambling has only a negative effect on society and while I can accept it wouldn't be banned entirely, it should not be available in poorly or non-regulated and taxed froms on the internet.




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