Senator Ray Lesniak is in agreement with the many United States pro-online gambling analysts regarding payment processing of Internet gambling deposits. The 2006 Unlawful Internet Gambling Enforcement Act (UIGEA) attacks primarily Internet gambling payment transactions. The law states that it is unlawful for US-based companies to handle real money transactions over the Internet which take place with the intent to use that money for Web gambling. This led to the shutdown of the three largest US Internet poker sites in 2011, and a significant departure from the Internet gambling scene by many legitimate payment processors and other US companies. Legally licensed offshore operators have fortunately filled the void, but legislators like Lesniak would prefer to see US money stay at home.
Month: March 2014
Is California Next United States Gambling Online Industry Participant?
Less than 24 hours before the session deadline for introduction of new bills in California, two pieces of legislation quickly appeared. The two proposals concerned getting online poker, and possibly other forms of Internet gambling, legalized in the Golden State. With a very historic and rich physical poker room history, California has surprisingly shot down multiple attempts in the past by both government and tribal leaders that would legalize online poker. However, there are a couple of substantial reasons to believe that these newly proposed Internet poker packages might have a decent chance of passage – government proponents and Indian tribal support.
US Gambling Online Moves to Mobile As Nine States Push for Legal Internet Gambling in 2014
United States gambling online is currently supported by just three states which have supported state-based companies for offering Internet poker. New Jersey, Nevada and Delaware all deliver the ability to shuffle up and deal online while placing real money wagers. While Delaware and Nevada also offer online casino gambling, at least nine other states are looking to legalize cyber gambling in some form. California, Colorado, Hawaii, Illinois, Iowa, Louisiana, Massachusetts, Mississippi, and Pennsylvania are all pushing to enter the United States gambling online industry in 2014, and New Jersey is pressing to add Internet sports gambling. To use roulette terminology, the online gambling wheel is spinning. And when the ball drops, mobile gaming and gambling for real money will no doubt be a large part of the picture.
How Networks and Chris Moneymaker Relate to the Historical Delaware – Nevada Online Poker Pact
What do the power of networking, telephones and fax machines have to do with the United States online gambling industry? Only everything. And where does Chris Moneymaker fit into the recent Delaware – Nevada online gambling partnership? Hopefully as a predictor of future growth. The economic concept of a network effect basically shows that products …