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Online Gambling
Online Gambling And Legislation
Online Gambling Article
Online Gambling - Do You Believe These 4 Gambling Myths?
The myths that surround online gambling are numerous and have their roots in misconceptions made about the odds and probability of winning. If you are gambling online and want to make big money, make sure you don't believe the 4 major...
With more than a trillion dollars changing hands around the world on online casinos alone, sooner rather than later legislation will step in to exercise some form of control in the casino industry. Those measures to control casinos and gambling during the early years worked as the casino had a physical location. Today however casinos have moved online with no real physical location. The question arises how legal are these online casinos?
Gambling legislation has not changed much since Congress passed the Wire Act in 1961. The Wire Act states that "Whoever being engaged in the business of betting or wagering knowingly uses a wire communication facility for the transmission in interstate or foreign commerce of bets or wagers or information assisting in the placing of bets or wagers on any sporting event or contest, or for the transmission of a wire communication which
Online Gambling Article
Online Gambling - How To Become a Professional Gambler
If you have played online and now want to take it a bit more seriously and make big money in online gambling, then this report is for you. Here we will cover the games to focus on and the character traits you will need to be successful. ...
entitles the recipient to receive money or credit as a result of bets or wagers, or for information assisting in the placing of bets or wagers, shall be fined under this title or imprisoned not more than two years, or both." This however only covered sports betting and not casinos. There was also no Internet or Internet casinos during that time.
During 1998 both MasterCard and Visa sued Cynthia Haines for money she lost while gambling on an online casino. She had lost more than US$70,000 to an online casino and could not settle her account with the plaintiffs. She filed a counterclaim well within the state laws of California which prohibited credit card loans for gambling be it online casinos or bricks and mortar casinos. That case was settled out of court. Many states have now enacted their own legislation however casinos have moved their gambling operations off shore to
Online Gambling Article
The Legality Of Online Gambling
The legality of online gambling has been a hotly debated issue ever since the first Internet casinos opened their virtual doors in 1994. Casino gambling used to be a fairly straightforward issue; there were certain places where it was legal to...
casino friendly countries.
Gambling has increased drastically with the advent of the Internet and online casinos. With huge profits and vested interest in casinos there are also very strong lobbyists in government to keep gambling unimpeded. The Internet Gambling Prohibition Act which was defeated in 2000 shows how much vested interest there is in the casino and gaming industry. Cyberspace is the last frontier when it comes to laws governing casinos. Only time will tell how legislation will catch-up with online casinos and gambling websites.
About the Author
Adel Awwad is the webmaster of Online Casinos - Copyright © 2005 http://www.casinoguide.ws All Rights Reserved. This document may be freely redistributed in its unedited form and on the condition that all copyright references are kept intact along with the hyperlinked URLs.
ONLINE GAMBLING ARTICLES
The Advantages Of Online Gambling | 2006 What will the Year Bring to Online Gambling | Online Gambling How To Become a Professional Gambler | Internet Gambling Round The World | When Online Gambling Problems Occur | Online Gambling History | Is Socializing Emerging From Online Gaming | Online Gambling
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