Starnet (SNMM)Online gaming, sexsites, lottery, Sportsbook Message Board

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Non-Tech : Starnet (SNMM)Online gaming, sexsites, lottery, Sportsbook

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To: Bear Down who wrote (2044)	3/9/1999 10:34:00 PM
From: Doug (Htfd,CT)	of 8858

Some insight into use of credit cards to gamble, and legal issues, can be found in an article at news.com The CNET article is copyrighted, but here are a few 'fair use' quotes. Read the whole thing. "Net gambling lawsuit back in court By Courtney Macavinta Staff Writer, CNET News.com March 5, 1999, 2:20 p.m. PT" "A woman who gambled away more than $70,000 on the Net and then sued major credit card firms for allowing the transactions soon will get her day in court." * * * "Although Haines's lawyers said she doesn't admit to breaking the law, their argument is this: Credit card companies are engaging in unfair business practices and aiding and abetting a crime by giving online wager houses merchant accounts to process bets for customers who live where the activity is outlawed." * * * ""Her case does hit a real pressure point with credit card companies. If she wins, the boys at CyberCash are going to be very happy, because people will just migrate from credit cards to using 'e-cash,' which is untraceable," said Philip McGuigan, an attorney at Gordon & Glickson who specializes in Net gambling." "But is this case going to stop Internet gambling? No," he added. "Nothing will."" Doug (long SNMM) See Focus on Starnet at geocities.com at Net Nuggets, a free informational site about ECommerce and financial services on the Net

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