Internet Gambling Goes Into Meltdown

It will soon be illegal for American banks and credit card companies to process payments to online gaming companies. The new law will make it vitually impossible to operate online gambling companies in the US.

The bill, a compromise between earlier versions passed by the two chambers, would make it illegal for banks and credit card companies to make payments to online gambling sites. Democrats had accused Republicans of pushing the bill to placate its conservative base, particularly the religious right, before the 7 November congressional elections

Some websites went further and described the Unlawful Internet Gambling Enforcement Act of 2006 “a spectacular display of hypocrisy, meaningless toadying to right-wing zealots, and a blatant attempt to protect the horse racing, tribal casino, and state lottery lobbies”.

That’s telling ’em.

Meanwhile, shares in online gaming companies nose-dived.

  1. King CobraKing Cobra09-01-2008

    It wasn’t ever legal in the first place and some sites ran scared to the benefit of those who haven’t. All they’ve done is redistribute profits to sites who recognize that they are in no way subject to U.S. law.

    Ken
    King Cobra Poker

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