BrianH
At the Start
I hear that Channel 4 News wil lead tonight with the story of the bill imposing strict policies to make gambling online almost impossible which was passed in the US Senate late on Friday night.
The bill was passed using methods that question American beliefs and rights. A bill, which has been denied individual passage numerous times, was piggy backed onto a bill that was guaranteed to pass, The Safe Port Act.
The Safe Port Act, whose purpose is to improve homeland security, does not and will not relate to internet gambling, but yet over 30 pages of language relating to banning gambling online was included in the Safe Port Act. The added section about internet gambling focuses exclusively on an attempt to prevent Americans from being able to transfer their own money to websites that allow any form of gambling, with exceptions provided for horse racing and state lotteries.
According to some informed sources the US government has skipped the democratic process of public debate and is trying to take away something that well over 60% of Americans enjoy. In fact, a poll by the Poker Player’s Alliance, a grassroots advocacy organization of more than 110,000 poker enthusiasts, indicated that 94.7% of the people polled believe that the federal government should not prevent Americans from gambling online. Senate majority leader Bill Frist and other proponents knew he would never pass this bill by democratic means so he dodged the entire process according.
"How can it be that in the Land of the Free a bill that questions American freedom can be passed by such outlandish means? While we fight for the democracy of others, such as the war in Iraq, it seems that somewhere along the way our own rights have been shoved by the wayside," asked industry insiders.
The Unlawful Internet Gambling Enforcement Act effectively stops anyone in the US from placing bets on the internet even if the casino is based overseas, although it does not include horseracing and state-owned lotteries.
Shares in the sector tumbled by as much as investors reacted with dismay to the news that the new laws will ban banks and credit card companies from processing payments to online casinos.
Shares in PartyGaming tumbled as much as 62% while 888 was down 50% and Sportingbet was off more than 70%. World Gaming plummeted 80% after it was also hit by the end of takeover talks with Sportingbet, and online money transfer company Neteller fell 60%.
The bill was passed using methods that question American beliefs and rights. A bill, which has been denied individual passage numerous times, was piggy backed onto a bill that was guaranteed to pass, The Safe Port Act.
The Safe Port Act, whose purpose is to improve homeland security, does not and will not relate to internet gambling, but yet over 30 pages of language relating to banning gambling online was included in the Safe Port Act. The added section about internet gambling focuses exclusively on an attempt to prevent Americans from being able to transfer their own money to websites that allow any form of gambling, with exceptions provided for horse racing and state lotteries.
According to some informed sources the US government has skipped the democratic process of public debate and is trying to take away something that well over 60% of Americans enjoy. In fact, a poll by the Poker Player’s Alliance, a grassroots advocacy organization of more than 110,000 poker enthusiasts, indicated that 94.7% of the people polled believe that the federal government should not prevent Americans from gambling online. Senate majority leader Bill Frist and other proponents knew he would never pass this bill by democratic means so he dodged the entire process according.
"How can it be that in the Land of the Free a bill that questions American freedom can be passed by such outlandish means? While we fight for the democracy of others, such as the war in Iraq, it seems that somewhere along the way our own rights have been shoved by the wayside," asked industry insiders.
The Unlawful Internet Gambling Enforcement Act effectively stops anyone in the US from placing bets on the internet even if the casino is based overseas, although it does not include horseracing and state-owned lotteries.
Shares in the sector tumbled by as much as investors reacted with dismay to the news that the new laws will ban banks and credit card companies from processing payments to online casinos.
Shares in PartyGaming tumbled as much as 62% while 888 was down 50% and Sportingbet was off more than 70%. World Gaming plummeted 80% after it was also hit by the end of takeover talks with Sportingbet, and online money transfer company Neteller fell 60%.