Online Casino Industry Is Looking For New Funding Methods
7 Dec 2006
Although the US Congress has passed the Unlawful Internet Gambling Enforcement Act, most US citizens will still be able to place their bets in online casino sites as long as they want. First of all, there 270 days until a bill is signed into a law, which means that there's still plenty of time. Second, even when that time passes, there are more than enough companies that will "invent" new ways to bypass the restrictions and transfer funds to online casino sites. As long as there's money involved, there will always be a way to do it. It is also important to remember that the future law will not criminalize playing in online casinos, as it only refers to the financial transactions that the site makes.Already now there are plenty of ways, besides credit cards, to transfer funds to the online casino sites. Using a wire service, for example, it totally legit, as it is sending a money order or a check through your post office. Although not all of those methods are easy-going, you can be sure that the online casino sites are doing anything they can in order to find new ways for transferring money to, and from, them.
Another important thing to consider is that, like most laws, this one too has its "gray areas". Online casino sites, as other companies involved, will surely be able to take advantage of it and find a legal way to bypass it and continue offering its services to millions of Americans. In conclusion, the law may have damaged the online casino industry, but most people would agree that online gambling sites are here to stay.
