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Frank's Bill: Part Two

Below is the section outlining online casino licensing under Barney Frank's proposed bill.

"(2) LIMITATIONS IMPOSED BY STATES — No internet gambling licensee may engage, under any license issued under this subchapter, in the business of conducting any particular types of gambling activities or other contests in any State which prohibits or limits such particular types of gambling activities or other contests if the Governor or other chief executive officer of such State informs the Director of such prohibition or limitation , in a manner which clearly identifies the nature and extent of such prohibition or limitation, before the end of the 90-day period beginning on the date of the enactment of the Internet Gambling Regulation and Enforcement Act of 2007, or in accordance with paragraph (3), until such time as any notice of any amendment or repeal of such specific prohibition or limitation becomes effective under paragraph (3)."

Basically, what this means is that states that do not allow land-based casino gambling will (most likely) not allow online casino gambling. So what, there are states where private casinos operate? Well, not so much. Only eleven of the states allow land-based gambling other than reservations, and given time, there is no assurance that they would not also ban online casinos. So where does this leave the internet gambler? With very few options at this point. There are still sites based outside of the U.S. that allow U.S. citizens access to internet gambling, so for now players may engage in these activities while the U.S. figures out how to regulate the online casino gaming industry.

And additionally, it seems just preposterous that Frank proposes in the bill that one man, the Director of Financial Crimes Enforcement Network, should be responsible to the entire online casino gambling license. Every state operating land-based casinos has used a committee structure, or something akin to it, to award the licenses, yet for some reason at the Federal level Frank believes one man should have the power to veto one online casino over another. Considering the enormity of the online casinos industry, one man’s opinion will shape internet gambling in the county…doesn’t sound like the best idea. In fact it sounds like a surefire way to allow corruption and inconsistencies into the system.