Published on March 27, 2014 by Terry Goodwin
The debate over the net gambling issue within the US is set to heat up in Congress. On Wednesday, Senator Lindsay Graham and Representative Jason Chaffetz introduced legislation of their respective chambers that may ban most varieties of online gambling within the country.
The legislation would take online poker, slots, and other table games off the table for online casinos. This is a bill that some believe is being funded heavily by Las Vegas Sands CEO Sheldon Adelson. The casino mogul is among the few remaining land-based casino owners who opposes Internet gambling.
Adelson has thrown millions of bucks right into a lobbying effort to forestall the expansion of online gambling within the US. Stop Internet Gambling have been formed with the intent to maintain online casinos from becoming a reality. The gang claims to have the interest of kids as their primary reason behind opposing online gambling.
Immediately upon the bill being introduced Wednesday, the Democratic Governors Association released a press release disapproving of any type of government prohibition of Internet gambling.
The issue has come to the leading edge after several lawmakers proposed legislation that may regulate the industry. With New Jersey, Delaware, and Nevada all regulating Internet gambling prior to now year, the government has felt some pressure to do the same, or risk losing out at the hundreds of millions of bucks in tax revenue that the industry can offer.
The wheels were set in motion for regulated online casinos back in 2011 when the dept of Justice reversed a longstanding opinion that every one online gambling was illegal under the 1961 Wire Act. The DoJ's new stance is that only sports betting is prohibited under the Wire Act.
The legislation filed this week is predicted to reignite a debate that has gone dormant for several months. With the rustic entering another election cycle this year, analysts don't believe there'll be strong enough support on each side of the problem to get a bill passed.
Read More... [Source: Gambling News]
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