Bloomberg Columnist criticizes Anti-Online casinos Legislation is an up-to-date article on Popular Online Casinos

 
 
23 January 2008

Home > Popular News > 2006 > December > 7 Dec 2006
During the last weeks several experts and analysts all around the US are criticizing the latest anti-online casinos legislation. Matthew Lyn, a respected Bloomberg columnist, has joined them this week by saying that the Unlawful Internet Gambling Enforcement Act is the "worst crisis in online gambling's short history". Nevertheless, Lyn believes that most of the bigger online casinos will be able to survive, despite this legislation.

"The anti-online gambling law is totally illogical, and as such it will definitely be reversed some day. The big question is how much companies will survive until that happens" says the columnist. Why has the US decided to tackle the online casinos and not the flourishing casinos in Las Vegas ? According to Lyn, the US has decided to attack the online casinos, and not the real casinos, simply because it's easier to monitor them and track the credit card transactions, but morally there isn't any difference between the two.

Lyn quotes in his column experts who believe that instead of trying to ban online casinos, it would be a much better idea to simply regulate them. "No matter what the US Government will try to do, the online casinos are here to stay. Although there are certain problems with the online gambling industry, a reliable regulation system would be a much more reasonable solution for solving them". To conclude, Lyn says: "The companies who will be able to survive the next months will flourish later. As with all bad laws this one too will eventually disappear too, the only question is how long it will take.