ONLINE GAMBLING? It’s Easy If You Do It Smart

As it stands right now, individual states are free to prohibit or practice gambling within their borders while significant regulations and limits are placed on interstate and this activity. In recent years, online games has seen harsher regulations. With the Unlawful Internet Gambling Enforcement Act of 2006 (UIEGA), it had been not explicitly banned but instead it had been online financial transactions which were outlawed. This meant that online financial dealings from gambling providers were now illegal which led to countless offshore gambling operators excluding US consumers from their services.

Existing in this legal grey area, it is no longer a dilemma of if online gambling will key in the US market but when and perhaps how. As recently as this month, three claims include legalized online gambling and plan to begin offering bets by the end of this year . Naturally, a gaming company in Las Vegas referred to as Ultimate Gaming was the first ever to offer online poker but for now restricting it to just players in Nevada. New Jersey and Delaware have also legalized online gambling and so far ten other states are thinking about legalizing it in some form or another.

Frank Fahrenkopf, president of the American Game playing Association has explained that “Unless there is a federal bill passed, we are going to have the best expansion of legalized gambling in america. I don’t believe that’s what anyone intended, nonetheless it is what we’re experiencing.” This poses plenty of questions and of course concerns for many existing commercial casinos together with American policy makers. Will lawful online gambling mean fewer folks in brick and mortar casinos? Will this create a new source of revenue at hawaii and national level? What about taxes and regulations? A rise in gamblers?

Lots of people including Arnie Wexler, former chairman of New Jersey’s Council On Compulsive Gambling offers voiced concern that with all the good this could do to create income and revenue for unique states there may be problems with a rise in compulsive gambling. There is particular concern regarding social media marketing in america as some places like Zynga have already begun taking real-money bets.

Taking in mind all the questions and concerns, many hotel casinos are already making strategies to grow into online gambling to complement their actual physical casinos. Geoffrey Stewart, general office manager of Caesars Online Poker has said “Like any other business, you’re always searching for what is the next distribution channel.”

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