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Non-Tech : Gambling, The Next Great Internet Industry

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To: Dale Baker who wrote (715)	10/7/2001 10:33:38 PM
From: Herc	of 827

Even Lafalce having second thoughts... <<WASHINGTON, D.C. – Oct. 7, 2001 –As reported by the Las Vegas Review-Journal: “A fast-track bill in Congress aimed at cracking down on terrorist money laundering also is targeting Internet gambling. ”Rep. Jim Leach, R-Iowa, added provisions restricting the use of checks, credit cards and wire transfers for online gambling. His approach is among strategies that Internet gambling opponents are pursuing to restrict or outlaw online betting. ”…Among other things, the bill would give the federal government broader authority to track terrorist money kept in offshore bank accounts. ”The online gambling restrictions are being resisted by Rep. John LaFalce, D-N.Y. ”A staunch opponent of legalized gambling, LaFalce nonetheless is concerned that Leach's provision could slow and possibly prevent passage of the money laundering bill, according to a LaFalce spokeswoman. ”Wally Chalmers, a vice president of the American Gaming Association, said he is not aware of any objections by the casino industry to Leach's restrictions on Internet gambling…”>>

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