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Obama era offers new hope for online casinos

He has been heralded as innovative and modern. That certainly seems to be reflected in his campaign ad. Massive virtual billboards for the Obama campaign ran in online casinos around the country.The advert may not have drawn favorable criticism but it certainly made people sit up and listen.

The Obama website at change.gov highlights some of the changes he and his team of advisors would like to see in the US and globally. One of the promises is to protect the internet from censorship and government interference. Can we perhaps see this as a positive sign for online casinos affected by the Unlawful Internet Gambling Enforcement Act?

Insiders say that the President elect has his own opinion on how the internet should be regulated, he wants “ensure the full and free exchange of ideas through an open internet and diverse media outlets.” The success of the internet has largely been because it is open.

This is of course the same man that voted against legalizing dockside gambling riverboats and who also said that the “moral and social cost of gambling is devastating”. He has been non-committal throughout his campaign when asked directly about online casinos.

There are those who are of the opinion that under a Democrat government, the UIGEA would be revised or even scrapped as most anti-UIGEA legislation was done by democrats. It is worth noting though that he is a dab hand at poker, who knows he may yet have an ace up his sleeve.

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.

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