Thursday, January 29, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google Reports Increased Profit
Facebook Introduces Place Tips in News Feed
AMD Cuts Prices Of Radeon Graphics Card To Cash On GTX 970 Memory Furor
HyperX Sets DDR4 Overclocking Record
Intel 5th Generation vPro Processors Released
Mobile Provider TracFone to Pay $40 Million to Settle FTC Charges
Intel Releases New 20nm SSDs For Data Centers
Microsoft Brings Office To iOS and Android Devices
Active Discussions
Writing Audio files on DVDs ?
Need major help with Gigabeat
New match-3 puzzle game launch now!
Rimage 2000i
Sound card for my Laptop
hello
full screen wide screen
Hi
 Home > News > General Computing > House P...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, May 26, 2006
House Panel Approves Internet Gambling Ban


The U.S. House Judiciary Committee approved legislation on Thursday aimed at banning Internet gambling, an estimated $12 billion industry.

The measure would update and expand existing law to cover all forms of interstate gambling in the United States and would bar a gambling business from accepting payment in the form of credit cards, checks, wire and Internet transfers.

It would also prohibit gambling on an estimated 2,300 Internet gambling sites, many run by offshore companies, and also require banks to block gambling transactions by customers, which the industry has argued would be difficult to identify.

Despite the committee's approval, 25-11, it remains unclear whether the legislation will reach floor votes in the House and Senate this year. Congress has a relatively few work days left in 2006 because of the November congressional elections.

"The legislation is badly needed because ... the amount of money going to these illegal unregulated offshore enterprises has quadrupled" in the past few years, said Rep. Bob Goodlatte, the author of the legislation and a Virginia Republican.

Under U.S. law, interstate gambling over telephone wires is already illegal and other gambling is banned unless regulated by the states.

"In the United States, gambling is essentially illegal unless regulated by the states. This is a measure to work through that to make sure that the states are indeed protected in their right to continue to regulate gambling," Goodlatte said.

The poker industry, which has exploded in recent years, argued that the bill unfairly targets its game while legalizing online betting for horse racing, Internet lotteries and certain fantasy sports.


Previous
Next
Fujifilm Blu-Ray Media Available in Europe Next month        All News        Dell to Sell Google PCs
New Version of DivX Suite for Mac     General Computing News      Dell to Sell Google PCs

Get RSS feed Easy Print E-Mail this Message

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .