US is an Example
Despite the huge controversy surrounding the US’s Unlawful Internet Gambling
Enforcement Act (UGIEA), the Norwegian government looks to be flowing in the
footsteps of the US’s flawed legislation. The UIGEA is largely unenforceable in
the US – that is an obstacle that currently flummoxes US officials – how to make
the UGIEA a workable piece of legislation that actually blocks offshore online
casinos from accessing the US market without toppling the US banking industry in
the process. Despite the inherent flaws and intense controversy surrounding the
unpopular US legislation recent reports out of Norway indicate that a proposal
has been sent to the Norwegian government that resembles the US’s UIGEA.
The only up side is that some in the online casino gambling industry are truly
skeptical that Parliament will accept the controversial proposal, particularly
in light of pressure from the European Commission. The Commission has spent the
past couple of years attempting to eradicate online casino gambling monopolies
in the EU – and some companies are much more reticent to comply than others.
The Norwegian proposal (like the UIGEA) specifically targets the payment
processing side of the online casino gambling industry. Banning financial
transactions with the gambling sites is an effective way to stop gambling
companies from accessing a certain market – if you can actually block the
transactions. Online Casino gamblers have circumvented the US restrictions on
financial transactions by using cash cards and innovative payment processing
systems – there is nothing that would stop a similar system from coming into
place if the Norwegian government does in fact criminalize the internet gambling
industry. |