April 9, 2009 - When the U.S. government passed
the Unlawful Internet Gambling Enforcement Act, most people
thought that meant the U.S. Department of Justice was going
to start enforcing a ban on internet gambling. Well,
that may be true to a certain extent. But then again, who
needs to enforce, when you ban blackmail, right?
Notwithstanding the fact that U.S. citizens continue to
enjoy gambling online (at reputable offshore online casinos
mind you), nor the fact that there really isn't any
enforcement protocols in the legislation itself, the UIGEA
has been successful in the sense that it has been wielded by
the US DOJ as a scare tactic. Several online casinos, poker
rooms, sportsbooks, and more importantly, top shelf software
developers (Playtech, Cryptologic, and more recently,
Microgaming) have indeed backed out of the U.S. market.
So, in essence, if you really take a close look at the
UIGEA, it is simply a blackmailing tool for the US DOJ to
scare online gambling operators away. And that's not even
the kicker! The U.S. government has been flexing their
muscles and talking so much trash, they are now effectively
using these same scare tactics in a retroactive manner!
Apparently, even those online gaming operators (well, at
least the big dogs who have lots of money to pay up), who
took bets from U.S. citizens prior to the passing of the
UIGEA, are being badgered into paying up retroactive fines!
The latest operator to give in is Party Gaming, who we
all know is one of the most successful gaming operations in
business today (or at least they were when they dominated
the U.S. market). Settling with the U.S. government to pay
up $105 million, Party Gaming is all of a sudden admitting
its wrong doing, when before the passing of the UIGEA, they
- like countless other operators - said that online gambling
legislation in the U.S. was a grey area and that the
outdated Wire Act did not apply.
It's as if the U.S. government is taxing the online
gambling industry but still saying it's illegal. They've
even set up a payment plan with Party Gaming - spreading out
the $105 million in six easy monthly installments! All of
this after settling for $300 million with Party Gaming's
co-founder Anurag Dikshit. And on that note (Yes, I'm
thinking "dipshit"), I suppose all I can do is laugh at the
absurdity of it all.
2009 | Categories: