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No Gambling Online - Just Everywhere Else

The WSJ on the destruction of the former online gambling giant, BetonSports, as well as the Houdini-act of its fugitive founder, Gary Kaplan, whose whereabouts are "unknown."  Based on some of the details in the story--the machine-gunning of a computer terminal after the company lost big on a football game--Kaplan sounds like a tough guy to love.  This said, given the explosion of "legal" gambling in the United States, from Vegas to riverboats to Indian reservations to state lotteries to, yes, the stock market (investing isn't gambling, but trading is), the Puritanical crusade against online gambling seems, at best, arbitrary.

Can gambling addictions wreck people's lives?  Of course.  But now that we're all within a couple of hours ofa legal casino, the addicts are certainly going to find a way to get their fix, and it is arguably a heck of a lot more dangerous to drive home after losing your shirt than to stumble out of your desk-chair and into your bed.  And now that quasi-reputable companies have been banished from the 'Net, the gamblers will just do business with the less-reputable ones, etc.

So it is not hard to believe that the law Congress passed last October banning online gambling was, in fact, just an act of protectionism, presumably sponsored by one of our country's most profitable and successful industries.  Oh, you can gamble all you want, says Congress--we just want to make sure that you have to buy some plane tickets, rent some hotel rooms, and eat at some restaurants while you do it.  And we want to make sure that you lose your money to our upstanding friends in the gambling lobby, not some sleazy dude in Costa Rica.

UPDATE

A reader writes that it's the potential loss of state tax revenue that gets politicians all up in arms about online gambling, not the Vegas and local-gambling lobbyists.  It seems that the industry could be regulated in a way that would allow each state to collect its generous helping, but then this would bring the potential loss of campaign funding and votes into play. 



Gambling News :

Iforium In Partnership With Booming Games - Iforium, the leading provider of casino aggregation software, are pleased to announce a new agreement with Booming Games

PartyPoker Rakebak - Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.

NHL Odds: Lone Canadian Team Plays on Friday - “Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.

NBA Odds: Will Cavaliers Be Rusty in Game 1? - The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.

4 New Microgaming Releases in May 2017 - Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.

PKR Company Statement Update - Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.

Microgaming Wins The Spark Award 2017 - The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.

NHL Predators First Ever Conference Finals Appearance - With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.

NBA Odds: Wizards-Celtics at the Garden - The Washington Wizards are making this a series. They’ve won back-to-back games against the Boston Celtics to knot this second-round matchup at 2-2 with Game 5 at the Garden on Wednesday. TNT has the coverage starting at 8 PM ET.

A Night With Cleo Pays $180K Progressive Jackpot - We’d like to give a shout out to Juan S. from Texas for joining Bovada on a high note on Thursday May 4.

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