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Non-Tech : eLottery.com (ELOT) / (NASDAQ NM:XTON) -- Ignore unavailable to you. Want to Upgrade?

To: RickM who wrote (396)	5/14/1999 3:45:00 PM
From: Herc	Respond to of 1266

Another pregnant paragraph from the WSJ article. <<Tom Bell of the Cato Institute thinks federal and state efforts would be better spent on setting up some type of regulatory framework (as countries like Australia, Hong Kong, Japan and France have) in which online gambling sites can operate legally. In a recent paper, he argues that bans will inevitably fail. Not only does "Internet technology render prohibition futile," says Mr. Bell, but "consumer demand for Internet gambling and the states' demand for tax revenue will create enormous political pressure for legalization." Mr. Bell might also have added that the gaming lobby exerts tremendous influence at both the state and federal level, rivaling the National Rifle Association and the United Auto Workers in its contributions to political campaigns.>>