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Gambling Foe Resigning

New York Governor Eliot Spitzer was implicated earlier this week in a prostitution scandal which has resulted in Spitzer’s resignation. Most in New York were shocked that Spitzer was caught in the prostitution ring because of the Governor’s strong ethical political platform. Governor Spitzer was outspokenly against everything from prostitution to online casinos gambling and his agenda while in office was to purportedly bring ethics back into politics. Now though most of his supporters are wondering just where he went wrong, while the online casinos gambling supporters are breathing a sigh of relief that Spitzer is out of office.

Spitzer is considered a nemesis for the online casinos gambling industry because of his actions while serving as the New York Attorney General. Spitzer went after two financial payment processing companies, alleging that the companies violated federal law by processing internet gambling transactions. Both Paypal and Citibank faced criminal prosecution for involvement with the online casinos gambling industry. And much to the chagrin of internet gamblers, Spitzer’s case forced Paypal to completely exit the internet gambling payment processing industry while Citibank instead paid US $400,000 toward problem gambling counseling services.

Spitzer was quoted in previous years in reference to internet gambling. He notes, "Americans now waste $4 billion a year on this pernicious form of gambling. With this agreement, we will cut off an unlimited line of credit that was a jackpot for illegal offshore casinos."

Spitzer’s time while serving as New York governor has been plagued over the past year with problems, setbacks, and now – scandal. Through all of the setbacks and issues though, Spitzer has stood firm that the he was taking a firm stance against corruption – from prostitution to the online casinos, Spitzer professed to be thoroughly committed to ending political corruption. Now though, he claims that his resignation is in keeping with no less than what he would expect from any peer caught in the same circumstance.