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The Gambling Is Virtual; the Money Is genuine

 

The Gambling Is Virtual; the Money Is genuine

Glen Walker, a professional sports bettor in North Carolina who puts up 70 Paris a week to $ 2000 $ 5000 during each football season, do not think so.

Federal agents arrested the British chief executive of Baton sports, David Carruthers, who was in the United States on a flight stopover. He is in custody in Fort Worth; the site of Paris has temporarily suspended operations to satisfy a temporary prohibition order, prohibiting the company to take Paris from residents of the United States. Mr. Carruthers is awaiting a hearing on his detention.

In Washington, the House recently approved legislation that would be a barrier to Internet casinos in part, by limiting the ability of U.S. financial institutions for the treatment of Paris. Text-one-two punch prosecution seems to be the most concerted effort yet by the federal government to undermine Internet gambling in an era of well-organized, publicly owned offshore casinos. For the first time, Washington has managed to temporarily close public property of the site and its effort has gained the attention of operators, whose share price fell last week.

 

Critics on online gambling

however, few experts expect the crackdown to do anything more than dent the industry. Sebastian Sinclair, an analyst with Christiansen Capital Advisors, which tracks trends in Paris online offshore said Thursday could be "reduced, but it cannot be stopped." Some eight million Americans similar to Mr. Walker wager $ 6 billion per year through the Internet, a lot of Paris on their favorite sport or team in the NCAA basketball pool. Critics say that online gambling is the equivalent of putting an online roulette lot machine in every home, providing an easy chance to lose money in a few mouse clicks, all without the social controls at a bricks and mortar casino.

Mr. Walker disagrees. "We're not doing whatever thing morally wrong or illegal'', he insisted.”I do not see that I am infringing on anyone."

So how much success the federal push can have is a very deep, "said Representative Jim Leach, Republican of Iowa, co-author of the law, which says that the game is harmful to families and the economy.

 

Fight against Internet gambling

The question of the continuing fight against Internet gambling has been a recurring issue in Congress in recent years. But people involved in the legislation say the reason for its success, at least in the House, is mainly explained by lawmakers wanting to distance him from the corruption scandal involving convicted lobbyist Jack Abramoff and his association with Indian casinos. Mr. Abramoff had lobbied vigorously against versions of the bill in the past.

Industry executives and analysts say similar bills have failed in the Senate, and many feel it is unlikely to get traction there.  They say the effort resembles attempts to restrict the sex and drugs, an endless pursuit in which users and suppliers constantly develop new ways to skirt law enforcement.

Offshore casinos like Europa Casino, Swiss Casino and Bellini will continue to thumb their noses at the Department of Justice, "said Sinclair.”The operators say:" I'm sitting here in Costa Rica drinking a Mai Tai. Whatever you are going to do? “