The Future of Online Gambling!
Online gambling banned
On Monday, 2nd October, the U.S. Congress has approved a bill to ban Internet gambling. The bill has been sent to President Bush for his signatures. The shares of online gaming companies are already taking a hit. If Bush signs the bill, the online betting companies will no longer be legal.
What is the big issue here?
There is a lot of discussion about online gambling. What does it do, what are its effects and what should it do? We will take Spain as an example, what are the controls and regulations and the online gambling companies in the market today.
It is well known in the world that the roundup of 7 European countries which had links to online gambling was ordered by a Spanish judge.
The judge has declared that these bets will be placed on the Internet, as there are no guarantees that the money will not be used to finance terrorism. Most of the world wide bets and gambling sites are operated from abroad so this could be a very difficult situation for the Western countries too.
In The United States, plans are afoot to legalize online gambling. This will result in a ban on advertising of gambling related sites to Americans. The tourism and related incomeary industries will be heavily strapped by this.
It is well known that Argentina has banned online gambling. It seems that the government there is willing to take any measures necessary to stop the flow of international tourist money to the gambling centres in the country.
It is being estimated that well over 13 million tourists visit Argentina every year. With a population of just under 30 million, there would be a major impact on the economy and the environment, due to the large upsurges in demand for tourism and other hospitality industries.
conserve vs. legalize
Given that most of the online casinos operate outside of the purview of the law, it is being estimated that less than 2% of the total revenue is actually from Argentinian players and the rest is from tourists from around the world paying to partake in the games.
While this may not prove to be a total lie, since many people do actually earn money from online casinos, but the real money is often used by bookies, which often hire companies thatgrey areasto cover for their bets.
One might wonder, if there was a ban on online casinos in Poker88, would people still make money then?
Well, the answer is yes, however the Las Vegas Technology Inc ownsokexcept a grey area license. This company was presume to be the one that developed the technology that allowed online poker to be played on the Internet. Therefore many of the online poker rooms would not want to banish their use of this technology.
Unfortunately, the American government has categorized online gambling as a banned activity. Due to this, grey area Ramblasic casinos online have come up with a way to advertise their sites on the Internet. They explain that because online gambling is not considered as a banned activity, therefore it’s okay to advertise these sites.
While this argument may be valid, the marketing strategy being used is a poor one. First of all, most players utilize the Internet for their sports picks, casino tips, and for some gambling habits. In other words, these players expect that with the navigation of their favourite gambling sites, the events are covered too. Therefore for a grey area banned gambling site to accept these players, they must be absolutely banned from all other sites too.
While a ban on online casinos being issued, there is nothing that the players can do to remedy the situation. Players can always go to different bingo portals or ask for advice on picking the best sites. In other words, the players are still needed and the sites that refuse to yield are still available to the public too. And the definition of gambling includes a section of sites that encourage the use of electronic money as a platform to play predetermined games.
While one is still banned, the sites that don’t yield still offer a list of the best bingo sites available in the world. After all, if no one would claim the prize, then who would win?