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Reply To: An Internet Gambling Conspiracy Theory

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#710160
Anonymous
Inactive
LasVegasLady wrote:
OK .. I have a question and have been trying to figure out which thread to post it in.

Since online gamblers are no longer allowed to take money on their VS, MC, AX or whatever to gamble in the online casinos … shouldn’t the land based casinos be forbidden to have ATM’s around every corner ?

Why is it OK for people to take money on their credit card to gamble at these casinos?

(if there is a more appropriate place for this question, please move it)

Not that there is much availability of credit cards for online gambling anyhow, but ultimately the ATM is a cash machine from which cash can be drawn for purposes other than gambling. Any additional functionality (like getting a cash advance) is provided by a third party, as opposed to the casino or the bank or credit card company – thus there is no good reason to prohibit the presence of ATM machines in any particular location.

That being said, it really ought to be the Nevada Gaming Board who dictates that ATMs shall not be allowed within a certain distance of a casino, rather than the federal government – and of course they all know which side of the bread is buttered ;)

Oneguy2nv wrote:
They don’t need to worry about them, but that is different than them deciding they’d like to take over the market. With such a large number of gamblers in the US, they’d have a nice opportunity to do that… and it’s better to make that move while the US comprises so much of the market.

They would be able to take over the US market regardless of the presence of other online operators – as I said, given a choice of MGM or Golden Palace, where would you choose to play? It matters not how much of the market is comprised of US gamblers – the only number that matters is how much these US gamblers are putting into their coffers. They will have to accept the fact that, while they may have a bit of a stepping stone into markets beyond the US, a prohibition in the US will not realistically increase their opportunities outside the US any more than the status quo would.