Marathon, Not a Sprint
The US online casino gambling blocks have gone on for nearly four years now –
the UIGEA first took effect in November 2006 and in the intervening time there
have been no new regulations passed to address the serious flaws within the
UIGEA. The offshore online casinos have watched the federal government
continually dismiss any attempts to alter and repeal the UIGEA until just
recently, as Barney Frank’s bill has made it into Congress and will now face a
markup stage from the US House and Senate. Throughout all of this though all of
the parties interested in a legalizing offshore online casinos for the US market
have taken a marathon approach to the situation.
Once the UIGEA passed into law all of the online casinos and internet gambling
interest groups knew that they had a long road ahead of them before the UIGEA
would be repealed and altered. Legislation in the US takes a long time – and
that is just passage of a new idea, to actively repeal and undo a law that has
already been passed takes a lot longer. For that reason the offshore online
casino companies with an eye toward the future have looked at this huge debate
as a marathon rather than a sprint; reputable gambling groups exited the US
market when asked so ensure that they would be allowed back into the US once a
legalized market launches.
Similarly, politicians like Barney Frank have spent the past four years
developing slow and gradual support for the new online casino gambling bills so
that when the time came he would have educated politicians sitting at the
discussion tables – politicians who were very aware of the predicament of
internet gambling, all of the current research and the benefit this industry
could bring to the US federal government’s budget situation through taxes. |