This new concept of music based video games has raised a lot of questions for casino game lovers. Is it safe to say that this method of playing slot online would be approved long before video-based games like Monopoly or The Game of Life? Maybe not, because there are still some MPs who are against this kind of concept, even though technology is advancing every day.
MPAA (People Over the Internet) Act
A law that prohibits online gambling sites from entering the US market, came into effect in September 2002. This was a direct attempt to stop people from gambling online and many vetoed the bill, which led to this law not becoming law.
Many respected members of the online gambling industry have opposed the bill and have their voices heard. Rep. Barney Franks, Robert Wexler and Senator Jon Kyl have done the impossible and got the bill up in the House of Representatives. With bills in hand, no one knows what will happen and millions of dollars of revenue are lost in financial markets as investment companies and stock prices fall.
However, the future looks bright and land-based casinos will remain in America.
As recently as September 2003, some members of congress seemed poised to pass legislation that would allow land-based casinos to be set up in America. The Internet Gambling Revocation Act of 2002 was likely to be a great thing for US online casinos when it was passed by the House of Representatives in early 2003. But to pass the bill, it would have to be sent to the Senate.
Once it became law, online casinos were nothing more than a drop in the bucket. However, President George W. Bush asked his administration to review the situation and in 2002, made a statement that the government was reviewing "interventions" in Internet gambling laws. It's been legal for a while so one would guess that the government is reviewing the situation well.
The law was harsh on financial transactions in 2005 and as such many expect that the ability to make deposits and withdrawals from online casinos and bingo halls will be improved.
Many Americans play online games in places like Las Vegas or Atlantic City and the government seems intent on making it harder for them to gamble online by banning the proliferation of web casinos. The Unlawful Internet Gambling Enforcement Act of 2006 was voted in by the House of Representatives, despite opposition from within Congress, and signed by President Bush.
Many online casinos are suffering after the protectionist billway that the US government put in place to protect its citizens from online gambling.
The fear in the industry is real that the US government will pass laws that will make it harder for online casinos to obtain licenses and many are defeated or forced to close their doors to the American market. The 2006 law is strong in its intent to prevent gambling from going smoothly.
It was unsuccessfully applied to online gambling and eventually prompted the development of new money laundering methods, Rusty phrases such as: online poker laundering or Casino Software Heard that online pokerelling.
In 2010, due to a legal loophole, the online casino industry was back in business which begged the question: Is online gambling really illegal? No, no. This online gambling site operates as a daily site.
It's hard to argue that it's completely illegal when the only restrictions placed are the hours a site can be opened and the number of times a customer can play. However, the legal situation has become more complicated since the UIGEA came into effect.
The reason the situation is more complex is because of the passage of UIGEA. This has caused communication barriers to flow out of the online gaming industry. It has also prompted many gambling operators to set up shop overseas with questionable laws, if any. While many of these issues have been debated, the belief remains that online gambling is not illegal, at least as long as you choose the right site.
The outcome of the UIGEA enforcement is still being discussed. Hopefully UIGEA is discontinued and we can all step into the next exciting new era of gambling.
