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Non-Tech : Gambling, The Next Great Internet Industry -- Ignore unavailable to you. Want to Upgrade?

To: kidl who wrote (765)	2/11/2002 9:29:19 PM
From: Herc	Respond to of 827

Two years ago a coalition of state rights activists, governors, ISP's, and civil libertarians were enough to kill the bill. This time we can add casinos and credit card companies to the opposition. The credit card companies don't want the enforcement role any more than the ISP's. Plus we are in a recession. And the last wording of both the Leach and the Goodlatte bills that I saw had carve outs for legally sanctioned internet gambling, i.e. if the states later decide to legalize it. I think the main reason the House leadership let the bills progress this far is to shake down both sides for soft money contributions. Tom DeLay is a master at this. Also when there isn't a strong consensus they may get a bill passed but it is so watered down as to be meaningless. A case in point was the Telecommunications bill of 1996 which has turned out to be meaningless. Also when it come to gambling politicians are particularly duplicitous. They like to publicly profess opposition, but they let it pass because it's a popular source of revenue. And the fact remains that the U.S. has no dominion over internet casinos legalized in other countries.

To: kidl who wrote (765)	2/15/2002 11:45:23 AM
From: Herc	Respond to of 827

Pay Pal, PYPL, has its IPO today. Take that Jim Leach. PayPal enables any business or consumer with email to send and receive online payments securely, conveniently and cost-effectively. Its network builds on the existing financial infrastructure of bank accounts and credit cards to create a global, real-time payment solution. The company delivers a product ideally suited for small businesses, online merchants, individuals and others currently underserved by traditional payment mechanisms. The company offers its account-based system to users in 36 countries including the United States.