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Technology Stocks : GoTo.com, promising Internet search engine
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To: Mr. Aloha who wrote (463)7/27/1999 10:30:00 AM
From: Mike Fredericks  Read Replies (1) of 977
 
New York Supreme court ruled today that online gambling is illegal, as it doesn't matter where the server is located.

The ruling affects other businesses in determining WHERE they really do business etc..

I went to the new york times site, and read their story on the gambling case and this is not at all the read that I get from it.

(Linking to NYT is pretty much impossible because of the horrid way they have laid out their site; instead go to nytimes.com and do a search for "gambling." It's the first story that is listed in the hit list)

In the specific case, the company running the gambling site was a New York based company that merely put its computers in Antigua to claim that the gambling took place in Antigua, not New York. There's also some charges that they illegally promoted their stock. The judge ruled that the gambling took place in New York. They're appealing.

I don't see how this ruling would effect foreign companies that are running casinos on the net. What jurisdiction would the New York courts have over these companies? None. The most the New York courts could do would be to bring charges against those who gambled. However, this would be akin to busting everyone who smokes pot rather than those who supply it - it won't change things.

Another interesting case is that one state is suing an indian reservation in another state for putting up an on-line casino. In this case the casino company and the computers both are based in a place where gambling is legal. Wonder how that will work out?

I'm not saying that this case is completely irrelevant or anything, just that this is the very beginning, and the on-line gambling issue is far from solved.

-Mike
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