Online Gambling - and Casino Info

Online Gambling Institutions not Afraid of UIGEA this time Around

The current situation with the return in force of the UIGEA has had many analysts in the online gambling industry worried about what might come of it. After all, with the return of many of the online gambling institutions to the United States market, the online gambling industry has been exploding to the point where it is now one of the safest places for a person to put their money. Online gambling institutions however may face a repeat of the problems of 2006 in terms of being ejected from the US market if the federal government has anything to say about what transpires.

While some people would look at this as being a repeat of the dreaded 2006, it seems as though the online gambling institutions are not amongst the doomsayers this time around. In 2006 they were at the top of the list of people panicking and indeed many of them were on the verge of bankruptcy because well over 90% of their clients had been based inside the United States of America. In 2008 however the prospect of a second round of UIGEA crackdowns in 2009 does not seem to have the same tone of doom on the online gambling institutions many of which were the ones sounding the alarm in 2006.

“Online gambling has learned its lesson from 2006,” stated a representative for a major online gambling corporation that asked to remain anonymous. “In point of fact it appears as though the federal government thinks it has more teeth than it actually does. After the 2006 shutdown of the online gambling industry in the United States, most of the smart online gambling institutions decided that it was time to start fighting back. They fought back in the only way they knew how to and that was to bring online gambling to the other parts of the world. The result is that the online gambling corporations of the world today that could be affected severely by another round of UIGEA shutdowns are also the same corporations that have diversified their player base and become truly international organizations. Even if they lose their entire US base, there won’t be a single major online gambling company that suffers anywhere near as much as they might have in 2006.”

There is no way to know if the particular feeling inferred by the above quote is widespread across the entire online gambling industry, but if it is then it is quite easy to see that the online gambling institutions of the world no longer have reason to fear the government of the United States. If the government wants to crackdown on companies and force all online gambling to become illegal, the only people they will really be hurting are their own citizens that are interested in playing at various online gambling revenues. Far from being the encourager of free market industries that it has been historically, it appears as though the modern United States government has become irrelevant at least as far as online gambling is concerned

Online gambling as an overall industry has been slandered by public officials in the United States for years now. They have even gone as far as to limit the economic freedom of their own economic institutions because of this crusade. And now, evidence that the government has gotten the public into such a frenzy over online gambling has come through loud and clear in a case where the personal life of a human being has been ripped open for everyone to take a look at even though there is no law enforcement official that is willing to admit that the person did anything wrong in the first place.

A Florida basketball team has had a star on that team playing in online poker rooms. The star has lost some money in the process but nothing even coming close to resembling any of the problem gambling cases that appear in the newspaper on a regular basis and are recycled every time a particular reporter decides that it is time to go after online gambling once again. This is just a case of a man that lost a bit of money playing online gambling poker instead of losing that same amount of money by going to a casino nearby. It should have been a completely private matter that was not only just kept to the knowledge of the person that did it, but also something that should have been completely inconsequential since it did not affect any of his financial abilities whatsoever. It is the gambling equivalent of getting drunk one night, sleeping it off and then moving on with your life.

However, the media got hold of the story and ever since that point in time it has been anything but private. The media has gone through numerous stories about the potential of a gambling addiction on the part of this player and many of them have played the story up into involving a number of lurid online gambling transactions that had a questionable amount of legality to them. Forgetting that the UIGEA, the single piece of legislation that says anything about online gambling, does absolutely nothing to make online gambling illegal for the player that goes up to do it, the media have spun this story completely out of control to the point where they have basically destroyed the life of a star athlete in the state of Florida.

And the disgusting behavior of the media in this particular circumstance has not gone unnoticed by representatives for the team. The head coach for the team is a man named Billy Donovan and in a released statement for the press he castigated them soundly, stating that he thought “the unfortunate part in all of this is nobody on our team has done anything wrong” before going on to wonder how such a story could become so public so quickly when nobody has even accused the player of doing anything wrong let alone attempted to prove it. It is just one more example of the mob mentality towards online gambling that has been created in that country purely as a result of bad federal policy.