Online gambling refers to any kind of betting that takes place on the internet. This decred includes sports betting, casinos as well as virtual poker. The first ever online gambling website was made available for public use in the year 1994. It offered lottery tickets to the World Poker Tour in Las Vegas. Since then there have been online gambling websites that have offered different kinds of gaming and gambling options.
The most popular gambling websites online include: Betfair and Coral Sportsbook, William Hill and Intercasino. Unibet, Fairlay, and iPoker are some others. These companies have come a long way in a short period of time. With these companies , you can find a variety of gambling online. For instance, there is the traditional bet where players place bets on a particular bookie or online casinos. There is also lotteries and raffles, where can be played for cash, tickets to events such as film festivals, music festivals, horse racing and even lottery draws.
Online gambling has been a subject that has attracted the attention of many states. They are concerned that it could be used to promote illegal activities and trafficking. Due to this, some state governments have been involved and have created regulatory frameworks. Regulators such as the Department of aps casino Business and Professional Regulations and the State of Delaware, among others, have all developed licensing programs and regulations and even created databases for gaming websites that are online. A lot of internet gamers are aware of rules regarding online gambling and most states have made provisions to encourage state regulated gaming websites to continue to operate while they are reviewed.
Many nations including the United States, have taken an active role in the regulation of online gambling. International policies and legal frameworks exist for online gambling. The US Congress is the one that regulates commerce between states, has introduced legislation to legalize online gambling and penalize gamblers who gamble online. The European Commission, World Trade Organization and the European Commission are also involved in the development of international guidelines for online gaming.
Regulating online gambling at a federal level is problematic because the federal government can’t control interstate commerce. Gambling is considered a local business right. The interstate commerce power of the States is a state regulation. Although the power is given at the state level, it is never transferred to the federal government.
A simple search on Google will show that the most popular industry of gambling in the US are Las Vegas, Macao, Playtech, Commission Lodge, Bingo Palace, Coral Gables, Party Poker, Paradise Poker, Hollywood Casino and Poker Stars, Party Poker and Party Flip. Las Vegas, Macao and Playtech are the most profitable industry members. The five most profitable members of the industry from Las Vegas are also the top five gambling cities. This makes Las Vegas an attractive city for offshore gambling operators.
In the last Philippine elections the US President Barak Obama came out in favor of a law that would allow online gambling in the Philippines. The US President is in favor of this initiative because the country’s online gaming sector is a significant source of the billions in revenues. While many politicians in the Philippines are in favor of the move but the biggest issue is the inability of the national leadership to back the move. The bill in question is called the Bringing Back Gaming Control Act. It is currently being debated in the House of Representatives. The bill’s main purpose is to tax online gambling as well as establish an official national registry of all gaming websites. This would force all internet casino operators to register with the government which would require them to open new accounts in the Philippines.
Although the legislation to bring back gaming control could pass the House of Representatives, it is unlikely to become a law. National politics is blocking legislation from becoming law in the Philippines because of fears that the bill could impact the Philippine economy. The main issues that have arisen from the previous efforts include increasing costs and cutting benefits to Filipinos. However the House Majority leader has promised that the bill will be approved by congress.
