The Kentucky Court of Appeals ruled that the 141 domains cannot be seized by the state of Kentucky as domain names are not gambling devices. Full Story.
I cannot believe it took an Appellate Court to realize that. Now, even with that ruling, Kentucky is not giving up as they will take this to Kentucky's Supreme Court.
Anyone else feel like a state with a 7.8 percent unemployment rate should be worrying about something else?
Thursday, January 29, 2009
Monday, January 26, 2009
Only the Beginning
The first of what will be many problems with the UIGEA has occurred in New Hampshire. The ambiguity of the UIGEA has credit card companies blocking transactions for the state's lottery. Now obviously, the lottery is legal. However, due to the language of the vague law, the credit card companies are erring on the side of caution. Full story here.
What does this mean? It means that our fearless moral crusaders who are looking to help and keep safe the children of our country have essentially pulled money out of the school system. Great job! Not only that, the off shore companies that run the very sites they were trying to hurt, have already found ways around this law. That's cool though, these kids will need something to do when their schools close.
What does this mean? It means that our fearless moral crusaders who are looking to help and keep safe the children of our country have essentially pulled money out of the school system. Great job! Not only that, the off shore companies that run the very sites they were trying to hurt, have already found ways around this law. That's cool though, these kids will need something to do when their schools close.
Monday, January 19, 2009
Super Bowl
The Super Bowl is now set. The economic climate is possibly the worst it has ever been for a Super Bowl. In addition to that, the Cardinals may be the team with the smallest fan base in the NFL. It is essentially a city of transplants.
Most likely, the viewers outside of Pittsburgh and the small contingency of Cardinals fans in Arizona will be watching because of a bet, a square in an office pool, or just because it is a social event.
However, what I am interested in is the advertising. Super Bowl ads are probably the best commercials and definitely the most expensive. This year, they're having trouble selling that ad space. The usual suspects, Fed Ex, GM, etc. are not going to be there this year. If gambling had been legalized, these ads would have been bought up by the companies behind online gaming sites. This is yet another way our economy would be infused with money. Television, radio, and our struggling print media will be saturated with ads from these sites.
Most likely, the viewers outside of Pittsburgh and the small contingency of Cardinals fans in Arizona will be watching because of a bet, a square in an office pool, or just because it is a social event.
However, what I am interested in is the advertising. Super Bowl ads are probably the best commercials and definitely the most expensive. This year, they're having trouble selling that ad space. The usual suspects, Fed Ex, GM, etc. are not going to be there this year. If gambling had been legalized, these ads would have been bought up by the companies behind online gaming sites. This is yet another way our economy would be infused with money. Television, radio, and our struggling print media will be saturated with ads from these sites.
Wednesday, January 14, 2009
Make Your Voice Heard
Here's a couple links where you can go put your stamp on the push for legalized online gambling:
http://citizensbriefingbook.change.gov/ideas/viewIdea.apexp?id=087800000004m5M&srPos=0&srKp=087
http://ideas.obamacto.org/pages/general/suggestions/70112-set-regulations-for-online-gaming-in-the-us
http://citizensbriefingbook.change.gov/ideas/viewIdea.apexp?id=087800000004m5M&srPos=0&srKp=087
http://ideas.obamacto.org/pages/general/suggestions/70112-set-regulations-for-online-gaming-in-the-us
Sunday, January 11, 2009
Drinking Rules
News on the legalization of gambling is a little slow as the inauguration is coming soon and most people are simply speculating what will happen rather than reporting anything new. So I figured I'd share this link with you. This is from Modern Drunkard Magazine.
The 86 Rules of Boozing
The 86 Rules of Boozing
Saturday, January 10, 2009
Kentucky Fried Contradiction
This is a continuation of an earlier post in which I discussed Kentucky's attempt to seize domain names from online gambling sites.
Now Kentucky is looking to add slot machines to their horse tracks. Full article can be seen here.
Essentially, they are saying they recognize the benefits of legalized and regulated gambling. So much so, that they are looking to legalize slots that can earn an estimated $700 million in revenue for the state. However, they are somehow condemning gambling as well.
If you realize that gambling can be a major part of your economy and you embrace it, how can you attempt to seize these domain names and completely condemn online gambling? Wouldn't you work to legalize online gambling to increase your revenue and improve your state?
Now Kentucky is looking to add slot machines to their horse tracks. Full article can be seen here.
Essentially, they are saying they recognize the benefits of legalized and regulated gambling. So much so, that they are looking to legalize slots that can earn an estimated $700 million in revenue for the state. However, they are somehow condemning gambling as well.
If you realize that gambling can be a major part of your economy and you embrace it, how can you attempt to seize these domain names and completely condemn online gambling? Wouldn't you work to legalize online gambling to increase your revenue and improve your state?
Monday, January 5, 2009
Czech Please
According to an article on casinocitytimes.com, the Czech Republic is going to legalize online gambling for some of the larger sites within their country.
The reasoning behind this move is to regulate gambling in the online arena. The move protects gamblers from unstable foreign sites and should help curb the use by minors. Meanwhile, it should provide tax dollars for the country.
This type of thinking may be why the Czech Republic is one of the most prosperous of the former communist countries.
The reasoning behind this move is to regulate gambling in the online arena. The move protects gamblers from unstable foreign sites and should help curb the use by minors. Meanwhile, it should provide tax dollars for the country.
This type of thinking may be why the Czech Republic is one of the most prosperous of the former communist countries.
Sunday, January 4, 2009
Casinos Look for Online Legalization
A recent article suggests that Las Vegas Casinos are now on the side of legalizing online gambling. This makes a lot of sense considering it would be much easier for them to be approved by the US government before harder to regulate off shore casinos. This would also help them recover some of the revenue they are losing as the country's economy declines and vacations become less common.
This is a great idea for these casinos. If licensed by the government, they would have a major advantage over non-licensed casinos. They would also be able to instantly penetrate the market due to new players that are familiar and comfortable with names like Harrah's and MGM. You would probably also see other publicly traded casino groups like Boyd and Station get involved.
The American gambling market is already quite large and would most likely increase upon legalization. If these companies can dominate that market, it could rejuvenate their struggling industry. Not to mention, create tax dollars and at least a small amount of new jobs.
This is a great idea for these casinos. If licensed by the government, they would have a major advantage over non-licensed casinos. They would also be able to instantly penetrate the market due to new players that are familiar and comfortable with names like Harrah's and MGM. You would probably also see other publicly traded casino groups like Boyd and Station get involved.
The American gambling market is already quite large and would most likely increase upon legalization. If these companies can dominate that market, it could rejuvenate their struggling industry. Not to mention, create tax dollars and at least a small amount of new jobs.
Saturday, January 3, 2009
The New Year
As we begin the new year, I am excited for the inauguration of our new President and hopeful that his administration will work to help our economy recover.
However, today I am looking forward to watching the NFL playoffs begin. The NFL playoffs get incredible ratings and they garner an amazing amount of attention from gamblers. Lines have been bouncing around all week and online sports books are taking millions of dollars in bets. And because it's illegal, you do not see a dime of this action.
How many people do you know with money on at least one game this weekend? Can we assume they did not fly out to Vegas to place the bet? It would also be my assumption that they are not betting beyond their means. It's a small percentage that do. Much like today many people will have a few beers during the game and only a small percentage will be as drunk as I will.
So if this is all true, which I contend it is. Why is our government working to eliminate online gambling? And poorly I might add, by pawning off the responsibility on the banks. I can't figure it out. I sit and wait for the "War on Gambling" campaign to begin. I'm pretty sure it will go as well as the War on Drugs.
I can only hope the right choice will be made and we really do have a Happy New Year.
However, today I am looking forward to watching the NFL playoffs begin. The NFL playoffs get incredible ratings and they garner an amazing amount of attention from gamblers. Lines have been bouncing around all week and online sports books are taking millions of dollars in bets. And because it's illegal, you do not see a dime of this action.
How many people do you know with money on at least one game this weekend? Can we assume they did not fly out to Vegas to place the bet? It would also be my assumption that they are not betting beyond their means. It's a small percentage that do. Much like today many people will have a few beers during the game and only a small percentage will be as drunk as I will.
So if this is all true, which I contend it is. Why is our government working to eliminate online gambling? And poorly I might add, by pawning off the responsibility on the banks. I can't figure it out. I sit and wait for the "War on Gambling" campaign to begin. I'm pretty sure it will go as well as the War on Drugs.
I can only hope the right choice will be made and we really do have a Happy New Year.
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