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Thursday, 06 March 2008 |
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By Anthony Wayne
 The passage of the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) sent the online gaming world into shock. Stocks of online gaming companies plummeted on European stock exchanges. Thousands suddenly found themselves out of work. A brief history shows that UIGEA was tacked onto a totally unrelated bill, presented in a late night session of congress with no room for debate, and was designed to pander to a very tiny minority of US citizens.
The bill also sent shock waves throughout the financial industry. Banks and other financial institutions suddenly found themselves burdened with law enforcement responsibilities that they were ill equipped to handle. UIGEA placed the burden of enforcement squarely on the backs of banks without any federal funding to compensate for these new unwanted mandates.
One of the effects of this legislation is a massive loss of potential revenue for the federal government. A recent study conducted by the top accounting firm of Pricewaterhouse Cooper found that the United States government is missing out on potential revenue to the tune of $7 to $42.8 billion dollars. Thanks |
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Last Updated ( Thursday, 06 March 2008 )
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Wednesday, 05 March 2008 |
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By Tyler James Ellison
 Gambling is one of the lucrative gaming activities in the society today. It is lucrative in the sense that it renders endless possibilities for a businessman to earn more money.
This is where the reality sinks in, that, in gambling, the only person who gains from it is the business man or the owner of the gambling business. This is because people who play gambling games usually end up losing more as they continuously try their luck by adding more bets and risking more money, and even property.
With this fact, no wonder why more and more people are resorting to put up a gambling business, especially now that the Internet is incessantly growing at breakneck speed.
Moreover, with the advent of the Internet, setting up a gambling business online is relatively easy. Best of all, you don't just get to earn more money but get to penetrate the industry faster and even better because of the wide diversity that the Internet can cover.
No wonder why in the United States alone, commercial casinos have accumulated almost |
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Last Updated ( Wednesday, 05 March 2008 )
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