A short article published in PC World Magazine says that the online gambling industry is alive and kicking with one exception, you cannot use a credit card. According to the article, the Unlawful Internet Gambling Act passed last September didn’t stop so called “sharks” or regular sports fans from placing bets on their favorite teams. Since virtually all online gambling sites are based outside the reach of US law enforcement, the US has no way of actually closing down the business and players who want to make a deposited are now using alternative albeit less comfortable methods for depositing funds online.
The new law forbids back and other financing institutions to transfer funds, including through credit cards into the hands of online gambling sites and internet casinos. However the law itself does not put any restrictions on the player itself.
According to Frank Catania – former New Jersey gambling regulator- and other experts in the field, alternative funding methods are not likely to be blocked by the new law. Credit card payments are much easier for banks to track than personal check or other funding methods. It is currently no expected that the US will force bank to track those payment methods as well. It looks as though the personal check is going to be the preferred depositing method for online casino customers and other gambling enthusiasts. Although online gambling sites probably prefer not to deal with personal checks, it looks like most of them will prefer to take the added risk and extra work involved just to retain the business of the American market which is estimated to be worth more than 50% of the industry’s revenue.
PARTY POKER – MOVING ON
Party Poker and its management are demonstrating that there is life for online gambling after the Unlawful Internet
Gambling Act. The company is recovering and plans to offer casino services in many other different countries.
We only at least one online casinos player who doesn’t need to worry about Christmas presents. Both Intercasino and lady of luck were kind enough …