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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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