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New Pessimistic View of Internet Gambling Future

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  • #715945
    vladcizsol
    Member

    No new ground covered there.

    I would take exception with one point though. The author states the new Congress isnt helpful to Internet Gambling. I disagree.

    If the old guard had stayed in place then MORE legislation, this time targeted at players, would likely have been proposed and passed.

    Leach and Company had said that was their intention. That would have made an already bad situation muuch worse. The new congress will not be as likely to push for these draconian measures.

    #715949
    Anonymous
    Inactive

    Yeah, I agree with you, Professor. A Democratic Congress can do nothing but help the situation…..a small victory for us, given the damage already done.

    The author’s point is that DOJ is controlled by Bush, so he can do what he wants here, regardless of Congressional sentiment. But, given the different landscape of Congress, he may be less inclined to “do whatever the hell he feels like doing because I’m the President”. Of course, this remains to be seen.

    I do agree with the author that it will be years (if at all) before all this damage gets reversed.

    Personally, I’m betting on the implementation of this law never happening, due to complexity, cost, and the banking industry being vehemently opposed to it. With 2 of the 4 champions of this legislation out of the picture, that also helps the cause. Also, with the new leaders of Congress in 2007, there is now going to be a pro-gambling sentiment.

    This legislation was all about saving the election, and now that it is passed, work needs to begin to reverse its direction. It’s going to be a slow and uphill battle, but there are several large encouraging signs.

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