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Online Casino Laws are
Slow To Move
Sept. 29-06
The arrest of Peter Dicks has caused a
great deal of uproar and apprehension in the online casino
industry. U.S. policy has repelled many fledging companies for
encroaching into any business with the company creating a kind of
disconnect between American consumers and online casino operators.
Recently Dicks was absolved of charges
brought against him after his arrest in New York City. Although
Dicks has little legal worry, he is certainly not financially out
of the woods.
Peter has the unfortunate task of
finding a new occupation. Due to his arrest dicks resigned as
C.E.O. of Sportsbetting.com which has put him in a place of
unemployment.
The former online casino mogul could
possibly go back to his prior business, but the company may choose
not to take him on again because of the negative press that was
received due to his arrest and trial last month.
The volatile attitude adopted by the
U.S. concerning online gambling has lead to executives of such
companies avoiding trips or business arrangement that would cause
them to visit the United States.
Although the government wishes to
reduce what has been termed "illegal activity", the possibility
hurting the burgeoning market created by the medium will be
detrimental to the economy in the long run.
Not only will the American economic
infrastructure be effected, but so will the global economy, as
many of the bases of operation for online casino sites are located
in foreign countries.
The Wire Act of 61 is the only bill
that law enforcement can use to justify the arrests of the foreign
executives when they are on American soil. The Act however, is
extremely dated and holds very little clout in a court of law.
A method of stalling seems to be
occurring in the U.S. government. The HR4411 bill has been passed
by the house of representatives but not by the Senate. The policy
seems to be to detain these executives on until the prohibitive
law is passed and there is something substantial to charge them
for.
Online casino executives will have to
continue to dodge legal bullets this month until s definitive
solution is derived from the Senate floor.
-Current
Online Casino News-
-September
News-
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