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online casinos world internet casino news
february 2008
Apparently, the United States Government could be reaping
between approximately $9 billion and $43 billion in tax
revenues over the first ten years of regulating online casino
gambling. Internationally reputed business and accounting
firm, Price Waterhouse Coopers, has just published a report
citing these figures, which are now in the hands of all U.S.
members of Congress. Thanks to Washington Democrat, Jim
McDermott, the credulous report has been passed out to all
members in an attempt to drum up more support for McDermott's
Internet Gambling Regulation and Tax Enforcement Act (a
companion bill to Congressman Barney Frank's Internet Gambling
Regulation and Enforcement Act). Considering these losses in
tax revenue, the ineffectiveness of the prohibition and that
millions of Americans continue to gamble online - all at the
risk of being bamboozled by rogue casino operations - it would
be mind-boggling for an enlightened Congress not to regulate
online gambling in the not-too-distant future. I suppose the
key phrase here is an "enlightened U.S. Congress".
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