Representative Barney Frank, chairman of the house Financial Services Commite, indicated at a press conference Thursday he intends to push for a repeal of the three-year-old Unlawful Internet Gambling Enforcement Act, which effectively quashed online gambling in the United States by barring businesses from knowingly accepting payments from credit cards and electronic funds transfers made [...]
Online Gambling A Lot Of Money for U.S. Government
U.S. government could raise up to USD52 billion in revenue over the next 10 years by rescinding the Unlawful Internet Gambling and Enforcement Act and taxing and regulating the online gambling. The report also estimates that the online gambling has continued to grow despite the UIGEA and says the government could raise 22 percent more [...]
Online Gambling In Japan?
The current state of the law in Japan outlaws most forms of land based gambling and all forms of online gambling. Japan is one of few first world countries with no land casinos. In Japan ll forms of gambling is controlled by the state which is limited to horse racing and the lottery. Lawmakers are [...]
