| On-line Gaming for US citizens
hit a problem this weekend when their Senate passed a bill
outlawing the processing of on-line bets by banks and credit
card companies. Known as “The Unlawful Internet Gambling
Enforcement Bill” it is just waiting for George Bush’s
rubber stamp.
Many industry pundits did not think the bill would be passed,
but at a weekend hearing it was. The bill appears to be
worded very specifically at overseas on-line gaming sites,
as it specifically excludes US lottery games, high-street
and riverboat casinos and horse racing, and “local”
on-line betting (try defining that!). So it is clear that
American politicians are pandering to their Religious Right
in the most obnoxiously bigoted manner. Surely, if gambling
is bad for American Citizens it is bad full stop, not just
if it comes from overseas companies. But then few expect
the US Government to have the balls to tackle the big guns
in Vegas or the lucrative state lotteries. Funny that.
Many on-line gaming sites have a huge US customer base,
and now they will not be able to take a US punter’s
bet as the credit card companies and banks has been banned
from allowing it. They know the customer’s address,
and they know if a site is for gaming, so they should be
able to block it.
The US has had many forms of protectionism over the years,
and this is just a modern version. Rather than legalise,
legislate and reap the tax rewards, the country’s
Senate has seen fit to drive the activity of on-line gaming
underground. There it will be at the mercy of crooks making
money at the expense of US citizens. But, the world is a
big place and the gaming sites know there is a huge untapped
commercial base out there, so maybe they should forget the
US for now and leave them to their domestic infighting.
However, ‘Where there is a will there is a way’
as the saying goes, and US citizens want to bet on-line,
so over the coming months it will be interesting to watch
how they, and the gaming sites, mange the situation. Meanwhile,
in just a few hours of trading huge drops in the share prices
of PartyGaming and Sportingbet have resulted as the UK stock
market is swift to sell their shares.
The contents of this article
are those of the author and not necessarily those of Take
That Ltd. or gamble.co.uk
.
|