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Microcap & Penny Stocks : GLOW - Global Games, Inc. - Great Profit Potential ! -- Ignore unavailable to you. Want to Upgrade?


To: steven l who wrote (4302)7/8/1998 10:12:00 AM
From: DavidCG  Respond to of 8879
 
Good article, but, congress closes in a few days... and this isn't remotely near top priority for them.

-DavidCG



To: steven l who wrote (4302)7/8/1998 12:04:00 PM
From: Brad  Read Replies (2) | Respond to of 8879
 
Steven I, Did you have a "date" for that news story? I have an article from just 2 weeks ago that says the Justice Dept is not interested in chasing down "home bettors" or Internet casinos operating legally in their own countries.

Here's a comment from the Justice Dept...

"Don't expect the Feds to jump in and stop the action... If the casinos are outside the US, there's nothing we can do about it..." - John Russel, spokesman for the US Justice Dept.

Here are some key parts of the article from the Associated Press (June 25, 1998)...

----------------------------------------------------

The Kly Bill and Concerns From The Justice Department

WASHINGTON -6/25/98-- The Associated Press reports that a Justice Department official expressed concerns Wednesday about a bill that would outlaw Internet gambling and subject to prosecution both the bettors who use virtual casinos and those who operate them.

In testimony before the House Justice subcommittee on crime, Deputy Assistant Attorney General Kevin V. DiGregory said the long reach of the Internet into people's homes and across international borders creates special obstacles for law enforcement...

...DiGregory said the Justice Department opposes the idea of putting "mere bettors" at risk of prosecution, which the legislation might do.

He also questioned the wisdom of having prosecutors indict operators of virtual casinos who are based legally in other countries.

"A foreign national who is operating a licensed Internet-based casino in his country will not be violating his country's laws if he solicits or accepts bets from United States citizens," he said...

...The hearing highlighted several disputes that have slowed the progress of the proposed ban.

------------------------------------------------------

Best wishes,
Brad



To: steven l who wrote (4302)7/8/1998 12:12:00 PM
From: kbert  Respond to of 8879
 
I think that threat of government breaking internet gambling
is fluff. I don't think that GLOW could be affected.
We see this kind of talk in almost all the internet gambling
stocks periodically and I don't buy it.
Archie.
Still not back in GLOW but to show I have an objective mind.



To: steven l who wrote (4302)7/8/1998 1:11:00 PM
From: steven l  Read Replies (6) | Respond to of 8879
 
Not to beat a dead horse.

I have just looked at this site-- casino.org./ and see that they are not accepting deposits from 6 states because of legal concerns (I guess). Are other gambling sites doing the same?

I have also found an interesting, and very long, write up on the legal aspects of internet gambling at usc.edu

The first bit of information from casino.org concerns me. What kind of laws were passed by these states to cause an internet casino not to accept money. And note these are not bible belt states.

I think it is very important to get the US vs. International internet dollar numbers. Just so we know where we stand. If someone will point me in the right direction, I will do the leg work! I will start with a e mail to GLOW.