Best Online Casinos
The Best Guide to Online CasinoReviews, guides, strategy tips, assistance for online casino gambler.

Best Online Casinos News

16.7.2006 - Betting Against Online Gambling

Posted by Zonk ( 32% noise) View conq writes "BusinessWeek.com has an article looking at the possible consequences if anti-gambling legislation is passed. From the article: 'Just how much of a setback is the proposed legislation for the $12 billion industry? While online gambling companies generate half their sales from U.S. gamblers, the industry is operated almost completely by companies beyond the reach of U.S. regulators. (…) It's a lot of smoke and mirrors and misstatements.'" US card networks can block gaming category code - by ad454 (Score: 5, Informative) Thread All of the major card networks (VISA, Mastercard, AMEX, etc.) in every region now have a strict policy that online gaming sites require a valid gaming/casino  licence from the jurisdiction they are based in, and must specify the gaming merchant category code 7995 in every authorization request. Merchant banks that do not enforce this rule with their gaming merchants risk losing their card membership. No bank wants to loss its VISA or Mastercard membership. Card networks are also banning the use of quasi-cash merchants from being used to hide gaming transactions.(c)  (c)  If the US wants to stop its population from using online gaming sites, all that they have to do is dictate that the issuing banks in their country simply decline all authorization attempts which contain the 7995 category code. The US banks can also look at the merchant country codes, so that it can allow US based gaming sites like horse betting (which is legal in American but illegal in many countries) to be authorized, while still declining the overseas gaming sites.(c)  (c)  Problem solved, since the vast majority of people using any type of Internet commerce, including online gaming, pay directly or indirectly with their credit cards.(c)  (c)  I am sick and tired of politicians in one country expecting to regulate Internet activity of other countries, using broad extra-territorial legislation. This is impossible for online merchants and banks to enforce, especially since many countries have laws that contradict each other. Should we ban online sales of electronics globally, because they are illegal in North Korea? What about alcohol that is illegal in some Islamic countries? What about mediciations, mod chip, etc.? Even non-physical online software and services, including proxy agents, news & political websites, adult entertainment, etc. are banned in many countries. … unless they are betting on horses - by dotwhynot (Score: 5, Funny) Thread Jon Stewart on net neutrality and online gambling. Coming from a gambling addict… - by cfeedback (Score: 5, Interesting) Thread …I'm glad I've managed to stay away from gambling online. If I had ever gotten into it, I probably wouldn't have this PC and net access to comment on this article. The two states I've lived in my whole life, Oregon and Nevada, are #2 and #1 in gambling addiction per capita (too lazy to provide links, but google it if you'd like) respectively. I've seen many friends who have wrecked their lives with gambling, and have come damn close to wrecking my own.(c)  (c)  I'm sure this bill will be denounced on slashdot, but I really don't think of it as *that* evil. Sure, there are plenty of legitimate online gambling sites, but many of them are there solely to rip you off of your hard earned dollars, and often times people (unfortunately) cannot tell the difference. Maybe, just maybe, our elected legislators have our best interest in heart this time.(c)  (c)  I mean in this day, is anyone really more than a few hours away from an Indian casino ? Do you really need 24/7 access to gambling? It might be that the very few hours of distance is all that saves a lot of people from their self… It will have little effect long term… - by spagetti_code (Score: 5, Insightful) Thread FTFA:(c)  encourages financial institutions to deny Internet gambling transactions (c)  (c)  So the gambling sites will move offshore. The banks and credit card companies will not want to lose that massive(c)  source of transactions, and will find a way to continue those transactions. There is no explicit restriction on them.(c)  (c)  There's too much money at stake here.(c)  Re:It will have little effect long term… - by zaphod_es (Score: 5, Informative) Thread The gambling sites are offshore already, this proposal is an attempt to stop Americans using them by blocking transfers of money to and from them.(c)  (c)  You are right that there is too much money at stake to stop it. This is yet another example of the Canute effect where people believe that merely making a new law or regulation necessarily achieves the desired effect. Have the legislators forgotten prohibition?

Best Online Casinos: News calendar


2007  2006  2005 
12  11  10  9  8  7  6  5  4  3  2  1 
31  30  29  28  27  26  25  24  23  22  21  20  19  18  17  16  15  14  13  12  11  10  9  8  7  6  5  4  3  2  1 



Best Online Casinos: More News

Online Casino
NOTIFICATION:

EN:
Due to recent legislation in the United States, the casinos advertised on this website are not intended for U.S residents.

DE:
Aufgrung der aktuellen Gesetzgebung in den USA, sind die, auf dieser Webseite beworbenen Casinos, nicht für Bewohner der USA bestimmt.

IT:
A causa di una nuova legislazione negli Stati Uniti, i casinň pubblicizzati in questo sito web non sono inerenti i giocatori Statunitensi.

ES:
Debido a la reciente legislación en los Estados Unidos, los casinos promocionados en esta página web no son dirigidos para residentes de los Estados Unidos.

FR:
En raison de la nouvelle législation aux Etats-Unis, les jeux de Casino ne sont plus accéssibles aux résidents américains.



Remove this notification