My Voice, My Stand

Gambling Ban

Posted in Uncategorized by warycriticaleye on 26/07/2008

When the online gambling was first introduced to the world in 1997, it came as a surprise to no one when these websites were a massive success. Their market now had the convenience of staying home and do what they loved on their favorite couch, everything just a few clicks away. No more tipping the dealer, going home to an angry wife, or walking around with tons of money.

The people who were most negatively affected by this new form of gambling was the government. They were faced with angry gambling protest groups and lower revenues from gambling taxes imposed on traditional casinos. In 2004, the Australian government was the first successful body of law to regulate gambling, making it illegal for other countries to offer their gambling services to Australians. The US followed suit with their Unlawful Internet Gambling Enforcement Act, which declares that it is illegal for any foreign institution to receive online gambling payments from US citizens.

The UK, France, Norway, Ireland and Sweden are reportedly drafting similar laws to ban or regulate online gambling. Personally, I think it’s another capitalism thing – I bet if online gambling sites shared the revenue, these laws won’t exist.