October 6, 2006 at 6:37 pm
#710389
Inactive
The legalities of online gambling is still as muddy as they were before this new bill.
““This bill did not make anything legal or illegal,” says Fahrenkopf. “What it did was affect the mechanism by which Internet gambling takes place…and there is some question as to whether or not that will be effective.””
There is also a truckload of jurisdictional issues.
I sincerely don’t feel this new bill has any teeth in it at all.
Yeah, publicly trading companies panic, but they have shareholders to appease. Their business decisions are no longer entirely geared towards the realities of this industry.