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stories about: "partygaming"
Legal Issues

Legal Issues

by Carlo Longino


Filed Under:
barney frank, gambling, minnesota, online gambling

Companies:
harrah's, partygaming



Minnesota Sued Over Online Gambling Ban, While Frank Again Introduces Bill To Legalize It

from the know-when-to-hold-em dept

We noted several days ago that Minnesota was trying to force ISPs to block gambling web sites, going down a path trodden by several other states. That path, of course, has always ended in failure after the courts have weighed in. It looks like the courts will now get their chance to rain on Minnesotan politicians' parade, as a trade group has sued the director of the state's Department of Public Safety's Alcohol and Gambling Enforcement division to stop the ban. The group uses the suit to remind the director that he doesn't have the authority to mandate the blocking by ISPs, something the court will likely reinforce.

Meanwhile, online gambling's biggest friend in Congress, Massachusetts Rep. Barney Frank, has again introduced legislation that would legalize and regulate online gambling in the US. It sounds pretty much the same as his earlier attempts, all of which have failed, and would take the eminently reasonable step of allowing Americans to gamble in a regulated environment where they're protected by rules and law, as opposed to the current situation where they're pushed into the gray market (or worse), and have no protection. Frank also says he'll introduce separate legislation that will stop the enforcement of the UIGEA, which says that banks must stop processing any transactions that fund online gambling. At least one big casino company seems to think Frank's got a good chance of finally getting his law through: Harrah's, which recently hired the former CEO of major online gambling company PartyGaming to head its online efforts ahead of legalization.

Carlo Longino is an expert at the Insight Community. To get insight and analysis from Carlo Longino and other experts on challenges your company faces, click here.

14 Comments | Leave a Comment..

 
Legal Issues

Legal Issues

by Carlo Longino


Filed Under:
anurag dikshit, online gambling

Companies:
partygaming



Isn't There An Easier Way To Tax Online Gambling?

from the roundabout dept

One of the founders of British online gambling site PartyGaming yesterday pleaded guilty to a charge of transmitting bets across state lines -- and agreed to pay the US government $300 million. The exec, Anurag Dikshit, wasn't one of those nabbed by US authorities as they changed planes in the US, but rather he came forward on his own in an attempt to clear the legal air surrounding him and his company. It appears that the US government has rewarded him with leniency: he's free on $15 million bond with some loose travel restrictions ahead of his sentencing -- scheduled for December 2010. This latest news follows the guilty plea of an executive of NETeller, which processed payments for gambling sites, who forfeited $100 million to the government, while the company itself coughed up $136 million. So from these three instances alone, the government has taxed, er, fined, gaming sites and execs over half a billion dollars. If revenue generation is the goal, why not simply legalize online gambling, then regulate and tax it? That way, the government gets its slice, while US citizens can enjoy some protection while betting, instead of being forced into the grey market where they're largely at the whim of site owners.

Carlo Longino is an expert at the Insight Community. To get insight and analysis from Carlo Longino and other experts on challenges your company faces, click here.

15 Comments | Leave a Comment..

 
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