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The Suite Blog >> March, 2009
Blog Entry of the Month: Guess who the United States can now say they are in the company of when it comes to banning online gambling. Italy maybe? Nope! How about Germany? Nope! Not even Cuba? You can keep guessing, but guess what? You'll never guess!Yes indeed, it's none other than grand 'ol Cambodia who is making a bid at trying to curb online gambling activities. Formerly handing out legitimate licenses to a number of operators, like Sporting Live Group and Cambo Six, the government is now saying that these licenses will be terminated and that forced shutdowns will take place if operators do not cease operations on their own accord. That said, the government has been shutting sites down - the most recent of which was Cambo Six. Cambodia's Minister of Finance, Keat Chhon, issued a declaration stating that it had been shut down for "moral reasons" and that any operator who continues doing business will be "punished in accordance with the law". He also said that players now locked out of their accounts, will be paid their full balances, although that is still yet to happen. Both Cambo Six and Sporting Live Group said they were unable to pay out all player due to being abruptly shut down. So, I guess what I'm trying to get at with all this is that shit-list is getting stinkier. With global leaders like the UK now regulating online gambling, and others talking about doing the same (even France is coming around, now saying it will be awarding gaming licenses as early as 2010), the U.S. would be wise to reconsider regulation - and especially considering the state of the economy. Banning online gambling isn't going to keep people from gambling. I mean, just look around. Regulation, on the other hand, will actually help protect players, prevent organized crime and generate a whole lot of badly needed extra tax revenue.
 

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