New laws banning online gambling in the USA?

daz

daz

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Ouch... PartyPoker stocks have dropped 50% since it was announced a bill was to be passed effectively banning online gambling in the USA... Perhaps increased regulation would have been an answer - but outright banning which is what the bill has sought is pretty destructive to some now very large businesses.

I imagine they'll have legal teams searching for loop holes and the like though.

http://news.bbc.co.uk/1/hi/business/5397920.stm
 
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Is it TD Waterhouse? They're the only firm I know of that performs a credit check, because they give £10k grace as standard. The others I'm signed upto just operate like the equivalent of a debit card and so they don't bother with credit checks.
 
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I think it's a good move... Few people get rich off gambling, odds are always in favour of the house.. whether it's online or offline. Far more people lose their shirts on it... of course thats not publised as much as the people who win.

If people really wanna gamble there's nothing stopping them going to Vegas.. or the soon to be English super-casinos. But as far as I'm concerned the gambling industry is nothing but a cynical approach to profit. I have no problem with it being banned.
 
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Energize said:
Apart from the high school massacres....
criminals and madmen can get guns anyway if they were legal or not, atleast making it legal allows civilians to be able to protect themselves
 
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Phalanx said:
guns are what are used to kill things


But as in the UK, the people who want to kill, can and will buy there guns illegally. The gun banning in the UK really worked, didn't it :rolleyes:

Posty said:
criminals and madmen can get guns anyway if they were legal or not, atleast making it legal allows civilians to be able to protect themselves

And use them for sport/fun..
 

daz

daz

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Trying to get the thread back on track here...

Jumpingmedic said:
I think it's a good move... Few people get rich off gambling, odds are always in favour of the house.. whether it's online or offline. Far more people lose their shirts on it... of course thats not publised as much as the people who win.

If people really wanna gamble there's nothing stopping them going to Vegas.. or the soon to be English super-casinos. But as far as I'm concerned the gambling industry is nothing but a cynical approach to profit. I have no problem with it being banned.

Thousands (millions even) enjoy playing poker and the like online... just because it costs them money (and somebody is making a profit), should they be denied the right to play? Whatever happened to self control?

What would be better would be increased regulation and perhaps increased taxes, rather than forcing these gambling sites to operate from obscure Native American Indian reserves and forcing credit and debit card handling companies to not deal with them.
 
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daz said:
Trying to get the thread back on track here...



Thousands (millions even) enjoy playing poker and the like online... just because it costs them money (and somebody is making a profit), should they be denied the right to play?

Off course not, There should however be regulations on gambling sites and banks to insure people aren't addicted. I mean if some one is emptying $1000 a week onto a gambling website, it should be investigated by the bank or site, or both. I would say the bank as they are the ones who deal with fraud and overdrafts/loans.
 
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