Agreed – the entire first two sections decrying the quality of the companies that exited the US online gambling scene are flawed …
… it might make great blog copy for a rant … but these companies were anything but “lousy, sneaky, cheating”.
Indeed, they’re responsible, well-financed, public listed companies that will remain profitable even in their smaller markets.
The next section … The Banks and the gambling transactions fiasco: is good – and it’s basically what I was saying when this UIGEA started – of course that didn’t stop the professor going off at me when his processor stopped sending money out of fear … but here we have it the banks saying it.
The final section then again takes a shot at the companies for not trying to “change” the law and find a legal way around it … Yeah … the US really lets foreign nationals and companies lobby and agitate domestic policy.
NOT.
That’s globalisation – when the market conditions change you evaluate the situation and take the most profitable course. Hanging around burning cash and being a target for the US DoJ was NOT considered the best option by these companies …
And they were probably right.
Overall – I found myself only agreeing with the middle third of this article – that this bill will be impossible to enforce legally …
But then of course, recent developments with the WTO and also in the camp at Guantanemo Bay shows that legal nicities are simply ignored when the US administration wants it’s own way.