The foot has spoken

posted by: Jacques Le Naif

for:

2006 · 10 · 31

The USA dropped a shoe with Internet gambling. Was I the only one that noticed?

CBN News reported as follows – October 16, 2006; Gambling Online Becomes More Difficult:

The port security bill that President Bush signed Friday included a provision severely restricting Internet gambling.

The law forbids American banks and credit card companies from processing online bets.

It’s been tough to enforce, but lawmakers say the new provision will take a big chunk out of the soaring Internet gambling industry.

Americans account for half the online gambling market.

The National Football League was among those backing the measure, while some banking groups lobbied against it.

Some international online gaming companies began folding up their U.S. operations after the president signed the measure.

BETCORP (BCL.ASX)

BCL - BETCORP LIMITED

Shareholders of this company could be excused for thinking that we have a FREE TRADE AGREEMENT with the USA – HA HA!

Jacques Le Naif presumes that this is not about vice or security, because PORNOGRAPHY which is a major US (owned) industry on the Internet has been left alone… No, this is likely to be about CAPITAL FLOWS – going in the wrong direction!

Declaration of Interest:

Null.


Comment?