| | |  | Last Updated: Tuesday, June 19, 2007 |  | | | Online Gambling Executive Criticizes UIGEA
- Thursday, 14 Dec 2006
Like many other online gambling industry executives, Terri Lanni, chairman of the American Gaming Association and head of the giant land-based casino MGM Mirage, is not really happy with the new law and rules that limit and prohibit online gambling in the US, the UIGEA. As a reminder, the recently legislated law prohibits banks and credit card companies from processing payments to, and from, online gambling web sites in the US. Lanni, who talked about the controversial issue last week during the G2E conference in Las Vegas, commented that the law "makes no sense whatsoever". And he isn't the only one that thinks that way.
Lanni, as well as other online gambling executives are hoping that the newly elected Democrat leadership will try to change the prohibition, in contrary to the Republican stand so far. The MGM chairman also added that his company is looking into the possibility of conducting a study in order to see if a regulating the US online gambling industry is at all possible.
Peter Dean from the UK Gaming Commission also addressed the regulation issue: "The United Kingdom honestly believes that the only way to deal with the online gambling industry is to regulate it, not ban it like the US. We have several examples from the past, most of them ironically from the US, in which prohibitions didn't work, and I'm sure that this time it won't be any different. The only thing that this US law will achieve is to distance the well regulated and legitimate online gambling companies and make way for underground web sites." | |
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