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

To: kidl who wrote (798)	5/22/2002 2:29:16 PM
From: Herc	Respond to of 827

By far my favorite part of the article is the paragraph that says in Dec., 2000 Congress expanded the Interstate Horseracing Act to include "all electronic media". What actually happened is that Mitch McConnell snuck this onto the Commerce, State, Justice Appropriations bill at the tail end of the session. Also, the clout of the dying horserace industry relative to lotteries and casinos continues to mystify me. But they get preferential treatment in all the internet gambling bills. Surely the casinos have equally good lobbyists. Maybe, it's that off track betting is already firmly established.

To: kidl who wrote (798)	10/1/2002 8:11:49 AM
From: Herc	Read Replies (1) \| Respond to of 827

ANOTHER SUSPENSION VOTE LIKE TWO YEARS AGO. WASHINGTON – As reported by the Las Vegas Review-Journal: ``Pressured by other Republican leaders, House Majority Leader Dick Armey, R-Texas, has scheduled a vote Tuesday on a bill to ban Internet gambling. ``The bill will require a two-thirds majority to pass since it will be voted on under an expedited procedure. Sponsored by Rep. Jim Leach, R-Iowa, the bill would prohibit the use of credit cards, checks and electronic fund transfers to pay for Internet gambling. ``As recently as last week, Armey reportedly was reluctant to schedule a vote on the Leach bill because it was too controversial and unlikely to receive a two-thirds vote. ``But House Speaker Dennis Hastert, R-Ill., pressed for a vote during a House GOP leadership meeting on Tuesday. ``Bear, Stearns & Co., an investment firm, estimates there are 1,800 Internet gambling sites and the industry is projected to produce annual revenue of $4.2 billion by 2003. ``…`The testimony this month by FBI Director (Robert) Mueller that Internet gambling was a substantial means of money laundering used by terrorists and criminal elements also was important,’ Leach chief of staff Bill Tate said…” - September 30, 2002