A New Chance for Online Gambling

[Shame About Ray]

PARIS — Is online gambling coming in from the cold?

When the U.S. Congress cracked down on Internet betting in 2006, the big, publicly traded European companies that had dominated the business closed up shop in the United States. Growth in the booming industry shifted away from these companies, once the darlings of the stock market, to private operators in offshore locations like Antigua and the Isle of Man.

But now, executives of some of the European companies whisper excitedly that they may soon get a second chance in the United States. Meanwhile, a number of European countries that have long maintained barriers are moving, under pressure from regulators, to legalize, and tax, online gambling.

“There’s still a lot of gambling going on, where there’s no revenue coming in to the governments,” said Gavin Kelleher, an analyst at the research firm H2 Gambling Capital in Ireland. “They realize they could use the revenue.”

What are your thoughts on this bit of news?? If you want, you can read the full article here...

[SlumpBuster]

Of course the Gov't could use the Revenue. Question is, who will pay? Answer...the consumer.

My guess is they will come up with just one method of payment to these books and the Gov't will get a cut of the original deposit AND tax any profits. They will get us coming and going...it's the American way!

Just tell your politicians to hurry up and geterdone already...damn churchies standin in the way...what do they care..they aren't gamblin anyways...I don't tell them what to do!