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RESPECTED BUSINESS PUBLICATION SUPPORTS REGULATED ONLINE GAMBLING
The respected UK business and economics publication 'The Economist' criticised attempts in other countries to ban online gambling this week in a leader article pointing out the advantages of properly licensed and regulated internet gambling activity.
Noting that history has shown that prohibition of a popular pastime - the alcohol bans in the United States for example - rarely works, the article goes on to examine the difficulties faced in enforcing the Unlawful Internet Gambling Enforcement Act in the United States, and the workarounds that have developed to overcome government attempts to disrupt financial flows to so-called 'illegal' internet gambling websites.
"...after a brief dip, Americans are now betting online about as much as they did four years ago. The Justice Department still maintains that online gambling is illegal, yet large numbers of Americans carry on regardless. The reason is simple: anyone who wants to gamble and has an internet connection can do so," The Economist points out, illustrating its point with some statistical facts.
The piece discusses the motivation of those seeking to kill off this modern evolution of gambling, opining that commercial protectionism and a fear of competition is a real element. It also poses the question of whether punters are better protected by banning the pastime and driving it underground, as is happening in the United States, or properly regulating and taxing it as is done by more enlightened governments such as the United Kingdom and a growing number of European states.
Online poker is particularly singled out as an example of a gambling genre that, thanks to modern media coverage, has grown from 'a niche game with a rather louche reputation' to a booming one, rightfully respected for the mental agility and improvisation it requires.”
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Gambling News :
IGT Continues Partnership with Coljuegos EICE -
IGT will continue its 16-year partnership with Colombian administrative gaming authority Coljuegos EICE following a public procurement process for a five-year private operator contract to run the draw-based online lottery game Baloto.
Magic Spells SLot Launches -
The penny slots’ Wild symbol is a bubbling cauldron which is an Expanded Wild that can cover up to four positions for multiple winning combinations.
Lightning Box Games in Deal With Everi Games -
Australian slot developer, Lightning Box Games, has entered into a distribution deal with electronic gaming content provider, Everi Games, for a selection of its proprietary slot content.
Another Attempt to Acquire Tatts -
The surprise A$8.4 billion bid for Tatts late last year by the Pacific Consortium caused some consternation in the Tabcorp and Tatts boards, which were in merger talks but these concerns faded following Tatts rebuff of the consortium's offer
Ladbrokes Trading Update -
The Ladbrokes Coral plc online and land gambling group has released a trading statement for the unaudited year to 31 December 2016, reporting:
Leovegas Player Wins a BMW X4 -
A 23-year-old Southampton University student identified only as Leo has won a GBP 50,000 BMW X4 sports saloon car playing NetEnt's Live Casino Roulette on the Leo Vegas mobile gambling,site.
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