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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.
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 :
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
Pokerstars Pulls Out Of Coloumbia -
Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.
The Railbird Launched By Americas Card Room #acra -
Watching your friends conquer the tables just got a whole lot easier. Americas Card Room recently launched its industry-first Player Observer Tool dubbed “The Railbird”, a new feature that allows players seated at Americas Card Room tables to instantly share a live stream of their action with friends.
Huge Caribbean Hold’Em hit at Bovada Casino -
A progressive jackpot strikes again! This time it was at Bovada Casino, where a Texas player landed the top hand playing Caribbean Hold’Em over the weekend. A grand total of $119,348 was collected from the poker-inspired table game.
New PartyPoker Pro Richard Dubini -
A regular player in the Latin American live circuit, Dubini will travel alongside partypoker ambassador Joao Simao to gain feedback from players about partypoker to help optimise both live and online poker for the local players.
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