Custom Search
|
|
Online Gaming Under Pressure
There is also huge domestic opposition to such restrictions. For his part, Democrat Barney Frank recently attempted to pass legislation that lifted restrictions on online bingo, casino poker and sports books websites. Keeping online gambling illegal therefore meant the powers that be turned instead to leaning on banks to refuse payments to such sites. This, says Congressman Frank, places undue burden on a financial sector that has far greater problems to contend with at the moment. Widespread support, however, is as yet, none forthcoming. The $12 billion industry has yet to mobilize the kind of support that it requires to turn the tide of regulation. Further issues with regulating the online gaming industry are those of clarity. With the passage of several bills outlining the legality and definition of online gambling, many banks flooded the Treasury and Federal Reserve with protest letters, saying that the guidelines are too vague, even after attempts to clarify earlier restrictions were recently made. Article Directory: http://www.articledashboard.com With the current economic crisis, this issue is being relegated to the back shelf. However, with increasing numbers of people playing online games, the issue will no doubt arise again sooner than later. If you are an American citizen worried about the legality of playing online games, visit Mecca Games, where you can legally enjoy the most popular online casino games, for free. |
|
© 2005-2011 Article Dashboard