The war between online gambling and the US gaming industry gets thick, since the government is intervening today. Why? Simple, most countries receive a great deal of revenue from the gaming industry. States like Nevada, Alabama and New Jersey and without this tax revenue they’ll have severe budget issues.
Howmuch can nations count on slot online cash? Well in NJ it really is nearly 2 million dollars per day in tax revenue. See the point.
China is now putting in Billion Dollar Casinos and the Asian Las Vegas crowd is dwindling too.
There’s a war right now due to lobbyists and governmental interests against online casinos; a 250 Billion Dollar industry and it will grow. Offshore money flows, legalities and company interests are involved BIG TIME. Exactly why is this even an issue from a regulatory perspective? Well a few reasons.
The FCC manages communicating and phone lines. Online Internet uses that system of communication. Also International Terrorists might use online offshore gambling to raise money to attack us. In addition consumers in countries where gaming is prohibited might partake in this activity round stateliness and international boundaries also. Take all this in 2006.