Company Competitions on the market Location; Online Gambling VS the Gaming Business in the united states

The war between online gambling and the US gaming industry gets heavy, as the us government is intervening now. Why? Simple, many states receive a lot of revenue from the gaming industry. States like Nevada, Alabama and New Jersey and without this tax revenue they’ll have severe budget issues.

You could recall that the New Jersey Governor used threatened to close the NJ Atlantic Casinos should they state legislature did not produce a budget. Just how much do states rely on this money? Well in NJ it is nearly 2 million dollars each day in tax revenue. Begin to see the point.

The Gambling Websites on the internet are having a war with the Gambling Establishment in the US; Such as for example in Las Vegas, Tunica, Atlantic City, Gulf Coast. UFABET มือถือ They’ve fought against the CT, CA, OK, IA and other Indian Casinos and lost in political and legal battles. China is currently putting in Billion Dollar Casinos and the Asian Las Vegas crowd is dwindling too.

There’s a war today as a result of lobbyists and political interests against online casinos; a 250 Billion Dollar industry and it will grow. Offshore money flows, legalities and business interests are involved BIG TIME. How come this even a problem from a regulatory standpoint? Well a few reasons.

The FCC handles communication and phone lines. Online Internet uses that system of communication. Also International Terrorists would use online offshore gambling to raise money to attack us. Additionally consumers in states where gambling is illegal might partake in this activity across stateliness and international borders as well. Consider all this in 2006.

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