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Debating US Online Casinos

The United States online casino gambling market is becoming one of those seemingly never ending topics of interest to foreign and domestic markets – the industry loves to speculate on the US’ plans for upcoming markets as well as the likelihood that the US will institute the full licensing and regulation regime that is so hotly being pushed by US Democrats. The implementation deadline for the highly controversial UIGEA enforcement regulation is looming on the horizon and the online casinos and internet poker sites are really running out of time to save their industry from huge legal action and repercussions. Also, the banks in the US are fearful of the impact that implementing the new regulations will have on their finances and processing power – there is just no way to effectively block the industry according to one side of the debate.

The other side of the debate though emphasizes that online casinos are a dangerous pastime and the internet gambling industry will only bring financial ruin and social ills to the US market if it is legalized. The anti-online casino movement is led by Alabama Republican Representative Spencer Bachus. Bachus is responsible for pushing through the UIGEA even though the wording the bill was half-backed, ambiguous and far from complete. Now though, as Bachus’ pet project is nearing implementation he is very vocal – dare we say rabid? – in his support for the UIGEA enforcement regulations.

Bachus represents a pretty radically conservative viewpoint though and it’s just a shame that the online casinos have had such a tough time finding a more fair and balanced perspective in the media. At this point, Democratic Representative Barney Frank is doing all he can to find the uphill battle of properly educating politicians on the aspects of the internet gambling industry since they are constantly hearing Bachus fairly ridiculous assertions about the dangers of internet gambling specifically.