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Online Casinos Get Portrayed in Favorable Light

Most articles and media portrayals of online casinos and the online casinos industry in recent weeks and months have been in a negative light. Online casinos are floated as new stocks on the London Stock Exchange, and investors say the industry will soon burst. Online casinos are a bubble, detractors say. Online casinos should be regulated, others argue. Online casinos are illegal, some maintain. Online casinos lead to gambling addiction, and debt, and bankruptcy. Online casinos are great places for terrorists to launder money. Why all of this negativity?

Nevertheless, despite the negative publicity attributed to online casinos in the media, a recent article in The Washington Times paints online casinos in a more favorable light. The writer, Tim Leke, wrote a very objective piece and researched online casinos considerably. He focused on the NCAA college basketball tournament and sports betting, and showed that nearly two thirds of wagering on the internet – including online casinos, poker, sports, and other operations – comes from the United States.

The online gaming industry according to Lemke is a $15 billion industry which could become over $25 billion by the end of this decade. Lemke, in his research, interviewed top online casinos executives and CEOs and asked for their opinions on how to best utilize the potential of the obviously growing industry.

Law Professor Joseph Kelly of the State University of New York points out the “futility” of attempting to criminalize the nearly 2,000 online casinos on the internet.

The article, nevertheless, offers a very balanced and objective take on the industry. The writer interviewed Virginia member of the House of Representatives Bob Goodlatte, who has recently tried to introduce legislation regarding the online gaming industry. Goodlatte points out his reasons for wanting to regulate the industry but Lemke shows that this would be an almost impossible outcome to achieve.

The 1961 Wire Act has been used frequently by the U.S. Government as the reason online wagering is not legal, but it does not address either the Internet or even casinos or poker or bingo.

In the conclusion of the Washington Times piece, Lemke writes that instead of attempting to keep Americans from wagering online or even playing poker, the US government would be better off allowing the industry to profit, to continue to grow, and to flourish. Why? Because the Government could then take some revenues from the internet gaming industry and this would benefit not only the online gaming portals themselves but also change the viewpoint of many that there are negative aspects and improprieties everywhere.

The legality of the issue remains a top concern, as the US Congress is proceeding with the bill to freeze credit card companies and accounts from online gambling companies. Most online gaming entities, of course, are based in offshore tax havens like Antigua or Costa Rica, or other Caribbean islands.

The Washington Times article proved to tackle a very complex and controversial issue with a balanced overview and great insights.


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