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Online Casinos Industry Perhaps Not as Important

The United States has placed a great emphasis on the nation’s online casinos and internet gambling related problems over the past several years. Some have even suggested that all of this political effort could have better served elsewhere in the U.S. government – like perhaps the pending national mortgage crises. The U.S. has spent a lot of resources and a lot of money funneled into solving the international online casinos dispute between the U.S. and essentially the rest of the world. The U.S. passed and internet gambling ban over a year ago and has since arrested a handful of individuals who have violated the ban - all of that manpower and investigative work could have easily been routed into solving the nation’s mortgage crisis.

Beyond just the domestic government officials who have spent enormous amounts of time investigating the online casinos industry in the U.S., the U.S. may face hefty fines or trade compensation agreements with the countries that were adversely affected by the internet gambling ban. The World Trade Organisation has noted that the if the United States goes through with altering trade obligations in GATS that it could then be forced to address compensation demands from a handful of nations including: Japan, Antigua, Costa Rica, and the EU may reopen its compensation negotiations.

All of this money and effort is going toward protecting the country from the online casinos industry and to validate the highly controversial Unlawful Internet Gambling Enforcement Act. Meanwhile, the U.S. is faced with a pending recession, huge increases in the national debt as the country finances the war in Iraq, and an astronomically high foreclosure rate – the highest the country has seen in decades.

The situation causes many to question why the online casinos industry is still even on the list of top priorities and concerns?