After working its way through the House at a snail’s pace, those those legislative efforts have recently become sidetracked.
But he appears to have little to fret over, at least for now. 4419, is designed to stem the flow of funds to Web-based wagering sites by prohibiting the use of credit cards or other financial instruments for Internet gambling transactions. legislators consider the legality of online gaming, experts say that the business is flourishing overseas.
Growth Amid Legislative Inaction
Ed Starrs may be a gambling man, but his latest bet has him worried.
For its part, the Interactive Gaming Council, which represents Internet-based casino companies and companies like Starrs’, likens the prohibition of Internet gaming to the prohibition of alcohol. 3125), a bill that prohibits gambling businesses from taking bets or wagers over the Internet, in order to toughen its language and alter its exceptions.
Starrs remains concerned that U.S. “But these companies will simply open an account for consumers at an offshore bank.”
And in the absence of such laws, say observers, Internet gambling has flourished.
While U.S. Accoring to John Shelk, vice president of the American Gaming Association in Washington, D.C., the mounting legal barriers will make it difficult for casino companies to get into online gaming.
Starrs is president of Antigua-based Starnet Systems, one of a number of Internet gambling operations that have increasingly come under the scrutiny of U.S. “Other first world countries are considering changing their gaming laws to allow for online gaming so the United States could find itself out-of-sync with other countries as the market continues to grow.”
And by backing the outlawing of online gaming, the established casino industry is very shortsighted, Sinclair says. laws won’t mean he’ll be closing up shop.
In late June, Christian activists and conservatives pressured House Republican leaders into withdrawing the Internet Gambling Prohibition Act (H.R. “This sort of business, when it comes in the form of bricks and mortar, brings in economic development in the form of jobs and taxes — Internet gaming does none of those things.”
And if Congress is not able to tie up anti-gaming legislation soon, Sen. “We believe that the efforts of legislators to limit people’s rights to gamble online and short-sighted and inappropriate, and we think there ought to be a way for responsible companies to offer online wagering as a regulated product.”
Anti-gaming legislation, citing the dangers of addiction, crime and consumer debt, first made its way before Congress in early 1997. Indeed, the global online gaming market has the potential to grow to $10 billion by 2002, according to Internet research firms Frost & Sullivan and Datamonitor.
And for Starrs, whose company supplies around 40 percent of the world’s online gaming operations, even prohibitive U.S. Most online gambling sites accept payment via credit card or let you wire cash electronically.
Lack of Jobs, Taxes Cited
Such restrictions simply mean he’ll concentrate his efforts in the rapidly expanding overseas market for Internet gaming, in particular nations like Europe and Australia, where the regulatory environment is much more friendly.
“Prohibition didn’t lower the consumption of alcohol,” says Albe Angel, head of public policy at the Interactive Gaming Council. Richard Bryan, R-Nev., recently speculated, some big Nevada casino companies might be tempted to launch their own Web-based gaming operations.. “They thought that people wouldn’t go to theaters anymore, but they did keep going to see movies and now the video has become a whole new revenue source for the entertainment industry because it’s a different product.”
The association has strongly opposed Internet-based casinos, arguing that those running offshore gaming sites are evading state taxes, licensing requirements and regulations, all of which apply to conventional bricks-and-mortar establishments.
Explosive Growth, Unchecked by Law
It might a legal gray area in the United States, but online gaming is still legal in many parts of Europe, Australia and the Caribbean. There are now over 250 online casinos, 64 lotteries, 20 bingo games and 139 sports books in operation on the Internet, according to the National Gambling Impact Study Commission.
“The gaming market is changing and the biggest area of growth is in places like Europe and Asia,” says Starrs. laws to do away with gambling on the Net could harm his company, which licenses customized Internet gaming software to 60 Web-based gaming operations that derive about $2 billion from wagers placed in the United States.
“Our concern is that gaming regulations in each state will be overruled,” says Shelk. Instead, the association is pushing for establishing the online gaming industry as a regulated business.
Another anti-gaming bill’s prospects are also in doubt, say experts.
Bills Sidetracked in Congress
The trade group that represents the commercial casino entertainment industry disagrees with that assessment. That’s because efforts by lawmakers to fight to outlaw the expanding Internet-based gambling industry have so far come to naught.
But so far, legislators have remained unable to push through Congress any substantial measures to curb Web wagering.
“This is a global marketplace,” says Sinclair. lawmakers who would like to put online gaming out of business.
The number of Web-based gaming site users in the United States grew to 5.2 million in the first quarter of this year, up from 3.4 million in the third quarter of 1999, according to Cyber Dialogue.
Online gaming — operated mostly by offshore, unregulated companies — has grown at an explosive rate. “The United States government is missing the big picture here.”
Despite the anti-gaming efforts, the use of gambling Web sites continues to rise, says Ed Lopez, an analyst at Cyber Dialogue, an Internet services and research firm based in New York.
“They think that this bill will stop people with credit using these sites,” says Sebastian Sinclair, an Internet analyst at investment bank Christiansen Capital Advisors in New York. “They are doing the same thing as the big entertainment companies like Disney tried to do when the VCR came out,” Sinclair says. The measure, H.R
Games generally involve mental or physical stimulation, and often both. A lot of games are now being introduced to the public. The thought of outwitting their counterparts is what drives any online gamer to succeed. In addition, such games are fairly simple to finish off, so gamers are not at all pressured to play for more hours.
Gambling involves activities like casinos, sports books, poker, video poker, craps, black jack, roulette, slot machines, lottery and skill games â just to name a few. Time, distance and nationality are defied in the so-called growing cyber world that gathers online gamers. Key components of games are goals, rules, challenge, and interaction. Some are old games that are just modified to fit with the modern times while some are totally new. These games involve taking on the role of a character in the game and controlling the choices of the character while working with their strengths and weaknesses.
To play online, you must register first to be qualified and enjoy the benefits of various online gamers club. In the case of The Sims 3, it can be played either in a computer or PS3 console. Today these games are primarily electronic and cover a diversity of imaginary contexts that the modern computers try to recreate as a form of virtual reality.
“A game is a structured activity, usually undertaken for enjoyment and sometimes used as an educational tool. But more than the prize being offered, online gamers are interested on the title for each competition. One significant development has something to do with the way games are being played. The classification made by Wikipedia goes like this:
Are you interested in playing games or in gambling? In real world, offline or online?. Knowing the trend in online gaming, it is expected that there’s more to come in the future that’s completely exciting.
– Role-playing games (RPG) – These types of games can be played either in electronic format such as on a computer or video game console, some of them even being online like World of Warcraft, or they can be played as a tabletop game like White Wolf or Shadowrun. And for these reasons, this is where offline gaming comes into play. It has gained its popularity which led to the existence of arcades. That is why more and more IT experts are religiously developing new games or simply improving the current prevailing games since there is a huge public clamor for such.
– Pencil and paper games
– Video games
One reason why online gaming is such a major success is because of the competition being held on a particular game every now and then in which fabulous prizes are at stake. Here, online gamers met and have formed virtual camaraderie through the game preferences they had. Almost every aspect of human interest turned out to be very accessible. Many games help develop practical skills, serve as a form of exercise, or otherwise perform an educational, simulational, or psychological role. Watch out for that.
Offline gaming began in the year 1970. From simple to complex, intellectual to sports related and the highly dynamic violent games, name it and you have a long list of choices.
– Tabletop games
– Card games: Poker, Baccarat, Canasta – to name just the most popular and well known
– Dice games: Backgammon , Dice Chess, Ship, Captain, and Crew (or Six Five Four), Shoot the Moons, Strat-O-Matic
With offline gaming, the usual games could last around 20 to 100 game play hours. By the year 1990, its popularity has hit the highest point, but eventually dropped since the market did not expand quickly as what was expected. Furthermore, there are times when people would simply want to relax and play a game without having to deal with the other players. While games for offline gaming are still available and loved by some people, the majority already prefers the online games at present.
– Guessing games
– Dexterity/coordination games
There are many different types of games. Attested as early as 2600 BC, games are a universal part of human experience and present in all cultures.” (en.wikipedia.org/wiki/Game)
– Business games
Information technology has certainly made a big impact to humankind. But for you to fully appreciate online gaming, you should be aware of the technical aspects to secure a spot in what they call the elite circle of online gamers.
– Simulation â Games of this type are extensions of childhood games where children pretend being in adult roles such as doctor, parent or fireman. As a member, you may avail of discounts on games for sale, get the freebies given to its member, and the opportunity to meet and play with other online games enthusiasts worldwide. Even with the numerous online games available, offline gaming is still going to exist and probably preferred by some.
– Board games: Monopoly, Go, Scrabble, Chess, The Settlers of Catan, Ticket to Ride, Maharaja, Backgammon, Taj Mahal, Mine a million, Torres, Lost Cities , Speachless, Logo board games, Masterpiece, Buzzle, Highlanders, History of the World, The Game of Life, Dominion, LifeStyle The Financial Planning Game
There are a number of popular games for offline gaming as:
The Sims 3
Need for Speed: Shift
The Orange Box
The Elder Scrolls: Morrowind
These games require a PC or laptop, but an Internet connection is not needed. Additionally, games for offline gaming are either skill-based or story-based, with the former as the more difficult as it needs your experience and skillfulness in order to play and finish the game.
– Domino and tile games
These games are available online and the best part of it is that you can now play with people from all over the world. They are really popular in both real and online world.
– Sports â here is a list with the most popular sports games: Football, Soccer, Baseball, BasketBall, Hockey, Rugby, Volleyball, Pool Games, Water Games, Cricket, Boxing, Wrestling, Golf, Shooting, Horse Racing, Car Games, Driving Games, Cycling, Bowling, Dodge ball Games, Fishing , Hunting, Ice Skating, Olympics Games, Parking Games, Skateboard, Snowboarding, Surfing Games, Winter Games.
Offline gaming is a cool way to fill in time and enjoy, especially when you cannot go online
In our extended interview, Seba explained that there are 4-5 oddsmakers assigned to make lines for each of the major sports (pro & college football and basketball; MLB, NHL, boxing, golf). For example, the public might have heavy betting interest week after week on a popular college football team such as USC. Of the 4-5 oddsmakers, generally the 2 most respected opinions are weighed more heavily by the Odds Director before he decides on the final line.
“The #1 thing for us is to make a line for each game that creates good two-way action.
The opening line is the first line created by the oddsmakers, which is then sent out to sportsbooks. Each of these oddsmakers bring unique opinions, strengths and weaknesses to the process.
The last step in the line-making process for each oddsmaker is taking one final look to determine whether or not the line “feels right.” This is where common sense and past experience with how games are bet enters into the picture. If an oddsmaker comes up with a preliminary line of USC -7, then an adjustment up to -7.5 or -8 would be made in response to the public’s expected USC bias. “We’re not trying to pick the team that covers the spread, we’re trying to make it a coin flip, a tough decision (for the bettor). That is not the case at all – their intent is NOT to evenly split the ATS result between the teams; rather, their goal is to attract equal betting action on both sides. Once a game’s power rating based pointspread is determined, the oddsmaker will make adjustments to that line after considering each team’s most recent games played and previous games played against that opponent. Examples of non-game factors that would require an adjustment to a team’s power rating are key player injuries and player trades.
Las Vegas Sports Consultants (LVSC) is the world’s premier oddsmaking company and the most respected authority on making the lines. Mike Seba is a Senior Oddsmaker at LVSC and has been making lines for the last six years. In doing so they attempt to make more attractive the team that is getting less action.
“The main objective is that our clients get equal action on both sides,” Seba said. Stated another way, they want to create a line that half the people find appealing to bet one way while the other half find it appealing to bet the other way (known as ‘dividing the action’).
Power ratings are the oddsmaker’s value of each team and are used as a guide to calculate a “preliminary” pointspread on an upcoming game. Of course there is an entire method to the madness on how the opening line is created.
Experts working for the individual books having a strong opinion on the game
Once the opening line is released by LVSC, the individual sportsbooks decide if they want to make any adjustments before offering it to the public. Seba explained that it all starts with each oddsmaker creating a line on each game based upon their own personal approach. By moving the line, sportsbooks can influence how the public bets on a particular game. The power ratings are adjusted after each game a team plays. Oddsmakers have to determine if any changes are necessary and send out an “adjusted line.”
Once betting begins, sportsbooks can adjust the line at any time. People think it’s much more complicated, but it’s not.”
Moving the line is the oddsmaker’s effort to balance betting action, and often times such moves can have a major impact on a bettor’s decision. Also, adjustments are made after reading each team’s local newspapers to get a sense of what the coaches & players are thinking going into the game.
Oddsmakers at LVSC are professional sports junkies who love what they do and would probably do it for nothing if you asked them, but they do get paid for it.
“You either have a passion for it or you don’t,” Seba said.
Individual books having players who consistently bet with certain tendencies (such as an extreme bias toward favorites or toward a certain popular team like USC)
Divided action means the sportsbook is guaranteed a profit on the game because of the fee charged to the bettor (called juice or vig – typically $11 bet to win $10). By necessity their approach is very research-oriented and concise, since with millions of dollars at risk there is little margin for error. Reasons for such adjustments include:
Since the oddsmaker’s ultimate goal is equally dividing the betting action, public perception and betting patterns must be taken into account.
The purpose of these adjustments, like all line adjustments, is to more equally divide the betting action.
A round-table discussion among the 4-5 oddsmakers involved in making the line for each sport is then conducted and a consensus line is decided upon by the Odds Director before it is released to the sportsbooks.
There is a common misconception that point spreads represent the oddsmakers’ prediction of how many points the favorite will win by. We do this by drawing from past experiences and applying them to current situations.
Oddsmakers can also change the line depending on various event-related factors such as player injuries or weather.
Why the Line Changes
. This usually includes having up-to-date power ratings on each team. Obviously, if the line comes out a week ahead of the event (which is the case in football), there is much that could happen during the week leading up to the event that could affect the line. If we’ve done that, we’ve done our job.”
How the Opening Line Is Made
For example, if the pointspread on a game is 7 and most of the money is coming in on the underdog (taking the +7), sportsbooks will then move the number down to 6 ½ to try and attract money on the favorite
Although it uses a CryptoLogic template similar to several other online casinos, Kennyrogerscasino.com may be unique in letting bettors wager as little as a penny at a time.
Does the seeming invincibility of online gambling make it an enticing business? Jason Ader of Bear Stearns, urges caution. “Think about what would happen to Wal-Mart (WMT), General Motors or Microsoft if these companies had to continue to dodge federal roadblocks to access their customers,” says Sebastian Sinclair, senior associate at Christiansen/Cummings Associates, a management consulting firm. Nor would it prohibit online fantasy sports leagues, online lotteries in states where they are legal, or online betting on any live horse race where it would otherwise be lawful to wager.
The original version of Kyl’s bill failed most of these tests. The Standard obtained a Department of Justice analysis of the bill S. And for sports bettors – who make up a majority of online gamblers, according to industry insiders – the ease of using cyberbookies can’t be beat. Their case is based on the 1961 Wire Act. Says Sinclair of Christiansen/Cummings: “You are going to feel more comfortable wagering with a Hilton than you will with Joe’s Casino.”
The amount spent on Internet gambling is harder to calculate. They almost always include slots, blackjack and video poker, but many sites carry more exotic games, from baccarat to pai gow. Attorney White has proceeded slowly and quietly.
Gambling is as at least as old as Christianity (that is, if Ben Hur can be trusted).
Nonetheless, some experts think the case could be made to stick. Failure to account for that specificity in legislation could stifle the Internet’s growth or chill its use as a communications tool. (The company’s Indian casino and Web-development divisions make more.) “This is the really exciting point, because I know where it goes from here,” Speer said in an interview. If an activity is prohibited in the physical world but not on the Internet, the Internet becomes a safe haven for that criminal activity. … His equal partner is Australian tycoon Kerry Packer of the Crown Casino in Victoria. Legislators have considered enlisting Internet service providers to patrol for undesirable sites, although Internet gambling insiders consider that proposal dead on arrival. Inland, for example, operates two Web sites in addition to the one bearing Kenny Rogers’ likeness: Casinoaustralia.com and Goodluckclub.com. One Australian state, Queensland, is already awarding licenses for online gambling, and others may follow soon.
Second, legislation should be technology-neutral. has had little cooperation from any other nation. As Timothy L. A Ninemsn spokesperson says that the site does not now offer online gambling and would not comment on future plans. O’Brien observes in Bad Bet, his comprehensive account of America’s gambling industry, “Judging by dollars spent, gambling is now more popular in America than baseball, the movies and Disneyland combined.” . “We get daily reports, and you’ll see these people who spend a couple of hours gambling, and the total amount they bet is like $1.81,” says Thomas Holmes, Inland’s head of technology.
More than a year later, however, no cases have come to trial, and nine defendants have accepted plea bargains for state misdemeanor charges with no jail time. attorney’s office theoretically operate out of the Caribbean. In November 1998, for example, a division of Hilton Hotels acquired the company that runs Centrebet, a Web and telephone sports-wagering system based in Australia (www.centrebet.com.au). But following a 1997 indictment, the state of Missouri settled a suit against the company and its president, Michael Simone, for about $35,000. “Federal legislation will make it difficult but not impossible for Internet gamblers in the U.S. That may suggest that, as some legal observers have argued, the 1961 federal Wire Act is too old and too loosely written to prohibit online gambling. “Since there are no controls at present regarding Internet wagering, I would urge investors to shun these firms at present,” he says. college and professional sports. Would-be wagerers open an account with a credit card, although some sites also accept cash and cashier’s checks. According to an analysis by Sue Schieder of Rolling Good Times, the online gambling magazine, the new legislation would not punish the casual bettor. Casino games are available on a site or via downloadable software. FBI agents placed bets on games – uniformly National Football League matches, although many other options are available – and followed up, whether they won or lost. “And it is possible that records could be subpoenaed of various banks where these companies maintain accounts.”
But a hard-core base will continue to turn to Internet betting for its clear advantages.
So how is it that these companies appear to operate legally, but a dozen Caribbean cowboys found themselves under felony indictment?
Internet Gambling Worldwide, Past and Future
If such gamblers are not satisfied by options available to U.S. attorney for the Southern District of New York, indicted 14 managers of six Internet companies for offering gambling on their sites. In a highly publicized March 1998 “raid,” Mary Jo White, the U.S.
That partnership leads many observers to believe that an online casino – using Microsoft platforms, of course – is in the works. Justice believes that any legislation addressing criminal misuse of computers or computer systems (including the Internet) should have three vital characteristics. For decades, Vegas was about the only legal option for gamblers. Estimates range from $650 million to $1 billion a year, worldwide – a tiny fraction of the amount spent on more traditional formats.
But the growing acceptance of online betting and the Internet’s inherent ability to shatter jurisdictions bring the inconsistencies of American gaming law to a boil. 474, introduced into the Senate by Arizona’s John Kyl in 1997 as the Internet Gambling Prohibition Act. That figure exaggerates the size of the Internet gambling sector, since some companies operate more than one online betting parlor. The Wire Act obviously has no mention of wagering over the Internet. Even the firms that have enjoyed some stock-price popularity – such as Youbet.com – have shaky fundamentals. “I use the service because it’s convenient and I have access to it when I want,” says one online gambler. White’s hesitancy suggests that the law may not be as solid as she thought when she indicted. Legislation tied to a particular technology may quickly become obsolete and require further amendment.
But even if Congress comes up with the best-crafted legislation in history, there are significant factors beyond its control. Packer is a man with a voracious gambling appetite. But as more and more traditional firms become involved, the consumer will look for the brand name. Passed during the term of crime-fighter Attorney General Robert Kennedy, the law was intended to outlaw betting over telephone lines. I’ve not had problems being paid.”
It’s not because they operate in any fundamentally different way. One of Microsoft (MSFT)’s less-publicized adventures is Ninemsn, an Australia-based Internet service to which Bill Gates has pledged tens of millions of dollars. In the ’70s, Atlantic City legalized casino gambling; in the ensuing decades, state lotteries, Indian casinos, gaming ships, offtrack betting parlors and card clubs have sprouted across the landscape.
Similarly, the Las Vegas-based public company American Wagering, owner of Leroy’s Horse and Sports Place in Nevada, also operates a sports gambling site located in Canberra called MegaSports (www.megasports.com.au). Together, these sites have about 4,300 registered customers in 96 countries around the world. Bets generally range from $1 to as much as $300. Even the precise number of online casinos is hard to calculate.
The office of U.S. The defendants, many of whom live abroad, were threatened with up to five years in prison and $250,000 fines. In 1997, published reports put the total number of operating online casinos at 15. About 2,000 years later, Bugsy Siegel took the concept a step further and built the Flamingo Hotel in the desert town of Las Vegas. The Internet is presently unregulated and we support a federal law regulating Internet gambling.”
The prosecutors’ focus on sports bets appears to stem from legal precedent in the law they relied on. Why should it be legal to bet online on a horse race in another state, but not legal to bet on a basketball game in one’s own state? If Native American tribes can establish new, legal, physical places where adults can gamble, why shouldn’t someone be able to do the same in cyberspace?
Is Microsoft betting too?
The potential action is too compelling for even the largest tech tycoons to resist. In January, MegaSports began taking Internet bets from Australians; it expects soon to allow global gambling on sporting events. The minimum amount to begin an account varies. “I wager on football games and usually bet in the neighborhood of $1,000 every weekend. attorney’s case involved the casinos’ sportsbooks. Says Opel, “Bringing in the big names and established companies only adds credibility and visibility to what we’re already doing.”
Is it legal?
A few hurdles have to be cleared before such ventures can take off – beginning with the federal government. Today, a roster on one “gambling portal” site lists well over 200. The American Gaming Association, a trade group of gaming firms, maintains this view regarding online wagering: “The industry has been state-regulated and we think it should remain that way. Like the Communications Act passed in the 1930s, technology has now leapfrogged the law. At one point, Interactive Gaming looked like it could be an industry leader. citizens, it will be increasingly tempting for them to turn to locations abroad. (The company did not respond to repeated requests for an interview.)
Group calls for regulation of Net gambling
For years, another barrier to the growth of Internet gambling has been strong opposition from those most threatened by gambling sites: legal American casinos. Aruba, for one, is refusing to extradite any indicted individuals to the U.S., and thus far the U.S. In most cases, this means operating out of Australia. But the travails associated with fending off lawsuits have essentially put the company out of business.
First, legislation should treat physical activity and cyberactivity in the same way.
Prosecutors focus on sports betting
Intriguingly, though, all the bets that make up the U.S. “The telephone is being used to facilitate these wagers and I believe the government has a solid case,” explains Tony Cabot, a Las Vegas-based gaming lawyer and author of a book on Internet gaming. He claims Inland’s Internet gambling business went slightly into the black in March, on annualized revenues of about $1 million. The Justice Department doesn’t think that online casinos (including those that offer gambling on sports events) can legally conduct business in the United States, even if they are based in places where gambling is legal. For one thing, gambling from one’s home allows for a variety of techniques that would get one tossed out of a regular casino. Tony Cabot, an attorney specializing in gaming issues, says flatly, “When you see Kerry Packer get together with Microsoft, you have to believe there is a future for this type of wagering.”
One major barrier to profitability is the law. Almost all online gambling sites work the same.
Today, Americans spend some $600 billion a year on legal gambling, making it by far the favored national pastime. In 1998, the Senate passed, by a large margin, an amendment prohibiting Internet gambling, but that bill died before becoming law. But they say the more bettors, the better.
All the sites indicted by the U.S.
You might think that the prospect of competing against the likes of Microsoft would terrify a $20 million company like Inland.
Take Interactive Gaming and Communications, another publicly traded company, located in Blue Bell, Pa. Kyl introduced a revised version earlier this year, removing some of the more onerous and hard-to-enforce provisions. The vast majority of customers will satisfy their demand for commercial gambling through less onerous and risky alternatives, such as lotteries, bingo, pari-mutuels and casinos.”
But over the last several months, at least some traditional casinos have pursued the time-honored strategy of joining an Internet gambling trend that they can’t beat. But according to Inland CEO Don Speer, elusive profits need not be one of them. Blackjack players can very easily count cards, or even consult odds charts; the Kennyrogerscasino.com site actually has a printable chart showing the best strategy for every possible hand of blackjack. “Ultimately, Internet gambling operators are selling a product. Her higher-ups in the Justice Department appear to agree.
Finally, the DoJ believes that any federal law must recognize that the Internet is different from other communications media: It’s a multifaceted communications medium that allows for both point-to-point transmission between two parties (like the telephone), as well as the widespread dissemination of information to a vast audience (like a newspaper).
Running an online casino carries all the usual challenges of Internet businesses, from low click-through rates to servers that fail. to gain access to offshore sites,” says Sebastian Sinclair of Christiansen/Cummings. That makes for an Internet gambling environment too porous for U.S law enforcement to plug. If, on the other hand, an activity is in the physical world – betting on horses, or casino betting with Indian tribes – it becomes subject to federal criminal sanction when it occurs in cyberspace. (However, an HBO sports program attempted to locate one of these ventures in Aruba, and ultimately found that the genuine server was in a residential neighborhood in Bethlehem, Pa.) And the Caribbean nations would like to keep their haven status. Anyone over the age of 18 can set up an account with Centrebet and place money on a variety of worldwide sporting events, including U.S
Chris Christie validated the vice in the waning weeks of 2013, saying he hoped to rake in $1 billion in casino revenues this year, of which the state will collect a 17 percent tax.
Prohibition failed – again
Last month, the president and CEO of the American Gaming Association testified before Congress and urged legislators to repeal their 7-year-old ban on Internet gambling.
To prevent unauthorized access, Virgin Casino physically locates gamers’ cellphones periodically. Others predict the overall U.S. will catch up to the rest of the world and allow it at some point.”
Globally, the business is even more lucrative. Nevada and Delaware also began offering some online gambling last year, but New Jersey is the first state to “fully” legalize it, said Lee Fenton, the chief operating officer of Gamesys.
Not everyone agrees with the odds. “Blackjack and poker have a very human element that’s lost online. Not just poker.”
‘Last year, before a single state authorized legal online gaming, Americans spent nearly $3 billion.’
Mega-entrepreneur Richard Branson’s Virgin Group is the latest entry in online gambling, teaming with the Tropicana Resort in Atlantic City and online game maker Gamesys to bring online poker, blackjack and slots to New Jersey this week. Virgin could be holding a full house, but it could also fail before the flop.
“Those from other states can play, but they cannot wager,” Fenton said. But new laws across the nation are rolling the rules back — and lawmakers think they’re holding a royal flush.
And New Jersey isn’t alone; eight other states have bills in the works that will allow Internet gambling as well. In online casino gambling, it’s about the game more than the bet.”
“It’ll be interesting to see how this plays out,” said Laurence DeGaris, associate professor of marketing at the University of Indianapolis and an expert in Internet culture.
Legalizing gambling across the U.S. H2 said the industry was worth $33 billion in 2013, with $4.5 billion coming from mobile gambling on iPads, iPhones and smartphones.
Many Americans simply ignored the ban, he noted, as the country did during Prohibition in the ’20s.
– Geoff Freeman, president and CEO of the American Gaming Association
“There will be many games to play online in New Jersey,” Fenton told FoxNews.com. “The federal government has tried the prohibition approach – specifically the Unlawful Internet Gambling Enforcement Act of 2006 and the Wire Act – and through multiple Justice Department crackdowns on offshore operators as well.”
Freeman said the Department of Justice has relaxed its views toward online gambling since 2011, and this could open up even more opportunities in the U.S. “Blackjack, slots. That doesn’t translate online,” DeGaris told FoxNews.com. 10. market research firm H2 Gambling Capital, which focuses on the gaming industry, predicted about $300 million for New Jersey’s online casinos — or about $45 million in tax revenue, according to the New York Times. If your phone is off, or if you’re too near state borders, you may not be allowed to play.
“Slots and roulette are very visceral games, lots of bells and whistles. market could be worth as much as $9 billion in the coming years as other states, including California, legalize online wagering.
Players must be at least 21 years old, and either reside in New Jersey or be in the state when they place their bets. To put that into further context, Americans accounted for nearly 10 percent of the entire $33 billion worldwide online gaming market,” Freeman said.
“In sports gambling, it’s about the bet,” DeGaris said. — notably sports betting.
Congress banned online gambling in 2006.
But analysts are mostly rolling with Christie and the casinos. “If we are unable to determine that you are in New Jersey, you will be unable to play on Virgin Casino,” the site notes. will generate – in addition to tax revenue from the proceeds at casinos – approximately 22,000 new online gambling-related jobs, Freeman testified.
. “The technology is rolling out this week.”
“Last year, before a single state authorized legal online gaming, Americans spent nearly $3 billion on illegal, unregulated offshore gaming sites. U.K. Gov. They play against the house at Virgin Casino, and they can finance their wagers with debit cards, credit cards, or in person.
What happens online, stays online
Six other firms, including popular companies like WSOP.com and Ultimate Poker and other casinos like Caesars and the Golden Nugget, participated in the “soft play” launch of online gambling in New Jersey in November, the state’s Department of Gaming Enforcement Director Dave Rebuck said during a recent conference call.
“Prohibition simply does not work,” Geoff Freeman told a House panel on Dec. “That’s where I see the huge potential in online gambling, and I reckon the U.S