Company Conflicts on the market Location; Online Gambling VS the Gaming Business in america
The war between online gambling and the US gaming industry gets heavy, as the government is intervening now. Why? Simple, many states receive a lot of revenue from the gaming industry. States like Nevada, Alabama and New Jersey and without this tax revenue they will have severe budget issues.
You might recall that the New Jersey Governor used threatened to close the NJ Atlantic Casinos when they state legislature did not produce a budget. Just 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 Websites are experiencing a war with the Gambling Establishment in the US; Such as for example in Las Vegas, Tunica, Atlantic City, Gulf Coast. UFABET มือถือ They have fought against the CT, CA, OK, IA and other Indian Casinos and lost in political and legal battles. China is now putting in Billion Dollar Casinos and the Asian Las Vegas crowd is dwindling too.
There is a war today as a result 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 boost 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.