Gambling Regulations Win Out but Game Not Over - Gambling911.com

[I Heart Gambling Online]

Congressional deliberations on the sinking economy and corporate bailouts have overshadowed some recent positive financial news. The Bush administration has gained the upper hand in a drawn out battle with Capitol Hill critics by finalizing regulations to crack down on illegal Internet gambling, a welcomed action by most but one that's already under attack.

Financial institutions have been given until December 2009 to comply with a directive to put in place mechanisms to block credit card payments to Internet gambling operations. As banks utilize existing technology to intercept these transactions, the monetary channels to Internet gambling operations will quickly slow to a trickle of American dollars. In fact, Internet gambling in our nation has already come to a near stop as a result of passage of the illegal Internet gambling ban. When the banks put the regulations in place, countless individuals, young and old, who remain entrapped by online gambling addictions will have little choice but to abandon their habits.

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