Industry Wars in the marketplace Destination; Online Gambling VS the Gaming Market place in the us

The war between online gambling and the US gaming industry is getting heavy, as the federal government is intervening now. Why? Simple, many states receive plenty 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 may recall that the New Jersey Governor used threatened to close the NJ Atlantic Casinos if they state legislature did not come up with a budget. Simply how much do states rely with this money? Well in NJ it’s nearly 2 million dollars each day in tax revenue. Start to see the point.

The Gambling Online sites are having a battle with the Gambling Establishment in the US; Such as for instance in Las Vegas, Tunica, Atlantic City, Gulf Coast. UFABET มือถือ They have fought contrary to the CT, CA, OK, IA and other Indian Casinos and lost in political and legal battles. China has become setting up Billion Dollar Casinos and the Asian Las Vegas crowd is dwindling too.

There is a battle right now because of lobbyists and political interests against online casinos; a 250 Billion Dollar industry and it’ll grow. Offshore money flows, legalities and business interests are involved BIG TIME. How come this even a concern from the regulatory standpoint? Well several reasons.

The FCC handles communication and phone lines. Online Internet uses that system of communication. Also International Terrorists would use online offshore gambling to improve 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.

Industry Wars in the marketplace Destination; Online Gambling VS the Gaming Market place in the us

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