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As an American gambler, I was thrilled to hear about the Department of Justice's change of stance on the Wire Act. What this meant for me, and many of my fellow online gamblers is that we were justified in knowing what we were doing was NOT illegal. Vindication was ours, and I felt that things would loosen up for us Yankee players as more companies re-entered the American market.
I was wrong.
Instead of a desired opening marketplace, I among many other gamblers are seeing things getting even tighter. Deposit and withdrawal options are being compromised at an almost record rate, and the list of casinos jumping out of the American market is growing.
Frankly, I find this to be a discouraging sign of the times. If the act of online gambling is not illegal, why are so many of these casinos clearing the market? Are operators trying to make nice with the US government so that they can re-enter the market (legally) in the future?
Are they afraid of government interaction of some sort? I don't see why this would be a major concern, as the government has rarely gone after any of the other offshore gambling facilities we have seen.
I really am quite perplexed as to why things are still tightening up. Do any of you out there in CL-Land have any theories? What tightening have you experienced? Where do you see the online market in the US going with the changes to the Wire Act defense?
Great blog post, 'Slim!
However, I am as perplexed as you are. I am confused by all these regulations, and I have no idea why they are "talking the talk" and that is about it!
The one thing I noted is when Bodog changed their name to Bovada for American players. I haven't really experienced any tightening up, only know that I am restricted from many casinos where I believe it would be fun to play.
I wish there was more consistency with deposit and withdrawal options for U.S. players, as these options are so varied among U.S. casinos, and I am certain that is due to our strict regulations.
Unfortunately, I don't see anything changing soon. I believe it will be further in the future than we all currently believe, but that is JMHO. 😢
Hope is a good thing, maybe the best of the things, and no good thing ever dies.
Things are happening slowly. For example companies like William Hill are applying for licenses to operate in Nevada. You might see the same start to happen if New Jersey passes their legislation.
The real problem is the payment processing. Seeing as online gambling is not illegal, then I don't see why the UIGEA which forbids transactions related to "illegal internet gambling" is relevant any more. But the credit card companies and payment processors aren't budging from the status quo. It seems odd to me, like they are still afraid of being prosecuted for some reason. No doubt their lawyers know better than me though.
The other thing that interests me is what happens to all these smaller and independent casinos if and when the states or even Federal government starts regulation. My hunch is they will still all be SOL. The licenses will go to the big established companies and the little ones will continue to operate outside the boundaries of regulation, and the rogues will still be rogue. It will be interesting to see whether they can hold on to their customer base or will players leave en masse to play at Caesars or WMS for example.
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Its hard to stop people from gambling because others believe that gambling will make yourself wise. Government give to casinos a gambling permit because the government can get a higher tax from casinos, and many people got an opportunity to build business in casinos just like manufacturing custom poker table, chips and things that are related in gambling. That is the reason why many people gambe.
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