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Economy Of Online Casino In US And China

Posted On : Aug-17-2011 | seen (437) times | Article Word Count : 542 |

These days, the US is split in their decision about online gambling industry. Some states are beginning to realize the massive benefits to the economy if regulated online casino and even sports betting was allowed. These days, the US is split in their decision about online gambling industry. Some states are beginning to realize the massive benefits to the economy if regulated online casino and even sports betting was allowed.

Operators would have to purchase a license and renew it every year. But the big money would come from national operators because the money would go right back into the US economy. Other states, however Wholesale Jerseys Free Shipping , are more concerned about the effects online gambling could have on individuals and their families.

There are definitely loopholes and questions regarding whether or not online casino is legal. Some people argue that the laws were created to fight terrorism and organized crime and not the average betting online at casino. Other people disagree. Compulsive gamblers are shown to have a higher suicide rate over any other addiction because of the financial strain.

The US has often been compared to China in its stubborn and aggressive determination to keep online casino illegal. However, the ministers in the Chinese government are recommending that gaming laws be loosened, potentially leaving the US as the sole most repressive country regarding online casino.

Officials governing sports told the Chinese parliament that allowing betting online at online casino and sports betting sites could stop the flow of money to foreign casino sites and raise national revenues. Despite prison terms given to both players and operators of casino sites online, illegal online casino is estimated to take in ten times as much revenue as the legal lottery.

Deputy sports minister Wang Jun told the Chinese People's Political Consultation Conference said Wholesale Jerseys From China , 鈥淭he sports lottery can help create jobs. There are some 300,000 lottery ticket sellers in the country. In Hong Kong, where the legal lottery is well developed, the official business is 10 times as big as the private ones.鈥?br >
On the other hand Wholesale Jerseys China , still, the US is pushing for the legalization of online casino. While they are not the only country to come up with the idea, if the bill is passed US will be an online casino pioneer across the globe. The entire country still follows the Unlawful Internet Gambling Enforcement Act (UIGEA) which bans banks and credit cards from processing transfers to and from online casino.

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