All Posts Tagged Tag: ‘Internet gambling’
With the click of a mouse or touch of a mobile phone screen gambling is now at our fingertips 24/7 with Internet play. With this increased access to gambling, are online gamblers more prone to risky behaviors than offline gamblers? A study published in Cyberpsychology, Behavior and Social Networking, led by Sylvia Kairouz of Concordia University, has compared people who …
Are the wheels in motion for a federal overhaul of the online poker business? According to a release from the Safe and Secure Internet Gambling Initiative, some members of the house are looking to regulate the game. Today, “influential member of the House Committee on Energy and Commerce” Joe Barton introduced the Internet Gambling Prohibition, Poker Consumer Protection, and Strengthening …
UPDATE: Following Friday’s online poker crackdown, some dubbed it the “Black Friday” of poker. The poker world reacted on Twitter with all kinds of comments – serious, sarcastic and everything in between. Reuters and CNBC have just reported that top online poker sites Pokerstars.com, Fulltiltpoker.com and Absolutepoker.com have been seized by the FBI and their owners, a total of 11 …
The Safe and Secure Internet Gambling Initiative told WebProNews today it applauds a new study that projects regulating all forms of Internet gambling in the United States would create up to 32,000 jobs over five years.
The Safe and Secure Internet Gambling Initiative told WebProNews today it strongly supports Representative Jim McDermott (D-WA) for the introduction of an updated version of the Internet Gambling Regulation and Tax Enforcement Act of 2010.
The updated legislation would guarantee taxes and fees are collected from wagers placed online in order to raise much-needed revenue for federal and state budgets.
Though Representative Barney Frank has gotten most of his attention due to his role in handling the economic crisis, the chairman of the House Financial Services Committee is also known for his nearly lone opposition to the Unlawful Internet Gambling Enforcement Act, almost unanimously passed in late 2006. Frank is holding steady on that opposition and, according to Reuters, will introduce legislation next month to repeal that law.
The U.S. Department of the Treasury and the Federal Reserve have issued the final rule to implement the controversial Unlawful Internet Gambling Enforcement Act (UIGEA).
The Act prohibits gambling businesses from accepting payments from unlawful Internet gambling sites, including payments made with credit cards, electronic funds transfers, and checks.
Gambling is big business, and in the so-called “lawless land” of the Internet, it’s on the rise. Online gambling generated around $12 billion last year, spread out over roughly 2,300 gaming sites. Some studies indicate that the rise in gambling is being accompanied by an increase in gambling addiction.