The Live Dealers Behind The Casinos

One amendment gives the Treasury Department the option of outsourcing Internet gambling regulation to state agencies, such as those with more experience regulating gambling, as an alternative to creating more federal bureaucracy.
"There's no need for us in the federal government to reinvent the wheel here," said Rep. John Campbell, R-Calif. The bill includes many controls that parallel Nevada rules designed to keep out the mob, including requirements that regulators conduct background checks of owners and managers of online entities. Financing must come from a "suitable source," and licensed operators must have "good character, honesty and integrity." The legislation lacks details on the standards for such investigations, which would be established by the Treasury Department. Regulators would have to audit gambling software that prevents minors from gambling and imposes protections for compulsive gamblers.cheat poker

Internet gambling companies doing business in the United States are mounting legal defenses to ensure survival should the bill pass Congress. Web casinos have long argued that federal laws such as the Wire Act, passed during the Kennedy administration to crack down on mob-controlled bookmaking operations, don't specifically outlaw online gambling. The Unlawful Internet Gambling Enforcement Act of 2006 further criminalized Internet wagers by making it illegal for banks to process such transactions using credit or debit cards. The law is focused on online gambling transactions and doesn't alter existing gambling laws, poker sites say.
PokerStars welcomes the bill's licensing standards because the company, which has long sought to be regulated in the United States, has built sophisticated controls to protect against underage gambling, money laundering and collusion, said Tom Goldstein, a Washington-based attorney for the privately held company. PokerStars is based on the Isle of Man, which has crafted Internet gambling regulations that pass muster with foreign governments that have legalized online wagering. juice cards