News Conglomerate Inquires About Online Gambling
Depending on where your stance is regarding the activity of gambling as a whole, you are likely to give one of two completely different responses when asked just how effective the Unlawful Internet Gambling Enforcement Act (UIGEA) has been since being passed into law. Still in its early implementation stages, the UIGEA has no doubt faced a tough road amidst a myriad of difficulties in implementing a law, which on many accounts, is akin to the alcohol prohibition in the early twentieth century century.
While the UIGEA seems to be heading nowhere fast, several pieces of legislation are already floating about the House Financial Services Committee, that seek to undo the UIGEA. There are is also strong resistance coming from the court of the American Banking Association and international organizations pretty much saying the same thing - the UIGEA is a vague law full of contradictions and protectionist legislature that is nigh impossible to implement and enforce.
To give credit to the intent of the legislature, it has become harder for U.S. citizens to gamble online these days. Oh, and did I mention less safe as well? Several leading online casino software developers, their licensees and online gambling eWallets have dropped out of the market, including payment wallet, Neteller, and online casino software developers, Playtech and Cryptologic.
Getting wind of the resistance has been several top U.S. news conglomerates, including CNBC. The only thing is, even the people writing the news have their own opinion on the matter, including myself! In a recent article penned by Darren Rovell, who says the government is coming close to halting online gambling activities altogether by crippling payment processing operations. The only catch is that Mr. Rovell doesn’t have the insider perspective that a well-connected news reporter just can’t get. According to online casino affiliates and the players themselves, U.S. players are finding ways to gamble online.