Industry Experts School Committee Of Legislators On Internet Gambling

When industry experts get together to speak about online gambling, there is always hope that the United States will someday come around to the future of a billion dollar industry. Speaking before the National Council of Legislators from Gaming States on Saturday, however, industry experts went as far as to predict the future.

"The United States is going one way, and the rest of the world the other. The online gaming market will continue to expand regardless of decision to regulate. Consumer demand and industry growth will force governments to act," said consultant Frank Catania.

He predicted that after the November election, the U.s. will begin to join the growing group of countries that are regulating the online gambling industry. The panel spoke on and on about the benefits of regulating the industry.

Florida State Senator Steve Geller moderated the discussion, and he too, at points seemed convinced that regulated online gambling is coming to the United States in the near future.

"We may end up with Internet gaming whether we like it or not. ...States lose their ability to control what form of gambling takes place in their states. With new forms of technology, the effort now is to regulate it the best you can," said Geller.

While the government has had a knee jerk response to the boom in the online gambling industry, even Rev. Jim Butler from the California Coalition Against Gambling Expansion is realistic to the situation. "With Internet gambling, every home with a computer is potentially a gambling facility. We're faced with a daunting task," said Butler.

The panel of experts including Senior Company Council for Wells Fargo, Ted Terou Kitada, took turns telling the committee that the responsibility of the U.S. government is to protect gamblers from placing bets with bookies or online sites with little credibility.

The experts explained that the responsibility of the government is to regulate the industry to help keep Americans who gamble, over 70 million of them, safe from these illegal and unregulated gambling outlets.

June 14, 2008
Posted By Bob Hartman
Staff Editor, CasinoGamblingWeb.com
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