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Anti Online Casino Bill Gains Further Support

The anti online casino bill enjoys new support from Senate Republican leader, Bill Frist, who keeps pressuring for the proposal, although even he says that it is unclear whether or not the issue will be addressed by the house before it’s adjourns late September. The anti online casino bill has passed several stages and is currently up for debate in the Senate. There are many people who are worried that the bill might bass and a ban over online casino gambling will be imposed.

If the bill will actually pass the house and be approved, most online casino gambling activities will be outlawed and it will make it illegal for banks and credit card companies to work with online casino operators. The objective of the bill is to make it impossible for players to transfer money to online casino accounts and by that destroy the very reason for online gambling operations. It is clear that people will not just stop enjoying at the online gambling sites, and that a different approach is needed.

Although other countries have called for serious investigation into online casino business and online casino legislation, public representatives in the United States are working hard at making online casino business illegal, instead of checking the possibility of regulation the industry and making it legal. By making the industry legal, it will be possible to tax online gambling sites, and the economy will benefit. However, right now all forces are focused at stopping online gambling operations with no clear reason for doing so.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.