Casino News: There is Money in Online Gambling

There is Money in Online Gambling

 July 12, 2007, 1:51 pm (4 years ago)
A bill launched by Barney Frank, he is a Massachusetts Democrat will have an impact to the world’s largest companies, chances are they will be getting an involvement if only this become’s reality.

If US will just make it legal for online gambling websites to operate, then banks, and credit card firms will not seize operations in online gambling transactions, they can process them and have profit.

“We will be doing it fast as possible” according Alan Feldman, the senior vice president in MGM Mirage” “We will operate it and keep it running for a year, I believe there will be involvement from just about everyone at some point from the major players”

“This bill “Internet Gambling Regulation and Enforcement Act is a proposal made last April with hearings from the Congress in June and if it will be passed would revoke UIGEA” all companies in the major entertainment firms will have an involvement too such as Sony, Apple, etc.. Feldman states that it is not reasonable for some point when they find themselves to the industry.”

This bill that have been proposed will be opening a 7 billion dollar wager for those who venture in this kind of gambling opportunities if online betting is legal, like Asia.

“This will be the chances to see only if this bill will be passed,” as told by Greg Parker, he is the Chief Executive Officer of Raketu. “We presently have the procedures for accounting and billing readied so we can be involved easily when the moment comes.” Disney company can also be involved if the bill by Barney Frank becomes a law.”
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