Mirroring Failed Legislation
With the news that the Dutch Finance Minister, Hirsch Ballin is still pushing a
piece of legislation remarkably similar to the failed US attempt at banning
online casinos, one just has to wonder why Ballin believes his implementation of
the ban would be any more successful. In the US, the banking industry and
financial services sector strongly protested against the UIGEA (an act requiring
banks to stop processing transactions with online casino gambling sites). The
same is now happening in Holland; the banking industry is speaking out against
Ballin’s plan and calling for a stop to legislation in this vain.
The basic problem with implementing a ban relying on the banking industry is
that it then falls entirely on the shoulders of the banks and thus outside of
the government – it’s simply not the banking industry’s responsibility to
primarily enforce a ban on online casino gambling. Regardless of all of the
scrutiny and protest though Ballin continues to proceed with this line of
legislation – and he is acting much like the US government. Ballin’s officials
have already assembled a list of the illegal online casinos and gambling sites
that he is seeking to block from accessing the Dutch market.
What’s really scary about the whole situation is the fact that Ballin is looking
to mirror a piece of US legislation that is widely regarded as wholly flawed and
is one of the more controversial pieces of legislation to come out of the Bush
administration. It seems pretty evident that the US government is slowly proving
that blocking online casinos at the transaction level is a whole lot more
complicated that officials first thought; the practicalities of such a move
could very well topple the banking industry in the US as well as Holland –
particularly in light of the coming recession. |