Casino News: Investing in Human Resources Act

Investing in Human Resources Act

 July 20, 2008, 11:24 am (3 years ago)
Jim McDermott is trying to implement rules which attempt to authorize and control online casinos, poker and sports betting for US citizens – all the revenue coming from online casinos (around $40 billion) can be utilized for school children in children’s institutions, offer job training for downtrend industries and more, that's why it is called the Investing in Human Resources Act.
“IHRA would exploit a fund-raising system that can grow to be available should Congress make a decision to authorize and control internet gambling, which would guard consumers and take tax income that is now offshore.”
“Is it time to legalize online gambling?” This question was asked by Major American publication USA Today to its readers. Results: 97 percent answered “yes” as well as showed the willingness to back the legislation.
Paradoxically, people like Jim McDermott and most USA Today readers are not considered as “pro legalization,” but as “pro-regulation.” This is because of the fact that no matter what the law says, US citizens are going to play at online casino anyways.
Sherman Bradley, senior gaming analyst at Online Casino Advisory, says that ruling and controlling the online industry will be the only solutions to the problems relating to online gambling. “All the money spent to try to ban online casinos is lavish spendings. On the contrary, problems over minors, problem gambling, and honest play are all without difficulty addressed through licensing and regulation.”
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