Online gambling refers to any kind of gambling that is conducted on the internet. This includes virtual poker, gambling in casinos as well as betting on sports. In 1994, the first online gambling facility ever opened to the public, was lottery ticketing for the World Poker Tour in Las Vegas. Since then, there are gambling websites online which have provided a variety of gambling and gaming options.
The most well-known gambling websites online include: Betfair and Coral Sportsbook, William Hill and Intercasino. Unibet, Fairlay, and iPoker are a few others. These companies have come a long way in a short period of time. With these companies , you can find all different types of online gambling activities. There is traditional betting, which is where gamblers place bets on a specific bookie or gambling websites online. There are also raffles and lotteries available, where you can win tickets or cash prizes to events such as music festivals, horse racing and even lottery draws.
Many states have shown an interest in online gaming, due to the fear that it could be used to encourage illegal activity and traffic. Some state governments have taken an interest in online gambling and created regulatory frameworks. For instance such as the Department of Business and Professional Regulations and Delaware have developed licensing programs and regulations and created databases for gambling websites that are online. Many internet users are familiar with the regulations surrounding online gambling. Most states have provisions that allow state-regulated gaming sites to continue to operate as they undergo a review.
Many countries, including the United States have taken an active part in the regulation of online gambling. International policies and legal frameworks exist regarding online gambling. The US Congress, which controls commerce between states, has Duelz kasino introduced legislation to legalize online gambling and penalize those who gamble online. The European Commission and World Trade Organization are also involved in establishing international guidelines for gambling online.
The problem with regulating online gambling at the federal level is the fact that federal authorities cannot control interstate commerce. Gambling is considered an individual business right. State regulation falls under the interstate commerce power of states. The power is granted at state level, but not delegated to federal government.
Google will quickly reveal the top gambling industry within the US as Las Vegas, Macao and Playtech. Of these seven , the most lucrative industry members include Las Vegas, Macao, Playtech, Commission Lodge, Coral Gables, Bingo Palace and Paradise Poker. The five most lucrative 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.
The US President Barak Obama has backed a bill to legalize online gambling in the Philippines during the recent Philippine elections. The reason why the US President has backed this legislation is the billions of dollars that the country’s local economy depends on its online gambling industry. Many politicians in the Philippines have been in favor of the move however the biggest issue is the absence of support by national leaders. The bill that is in the forefront 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 and establish an official national registry of all gaming websites. This Huikee casino will force all online casinos to sign up with the government and force that they open accounts in the Philippines.
The House of Representatives may pass the Bringing Back Gaming Control Act However, it is not likely that it will be law. National politics are preventing legislation from becoming a law in the Philippines because of concerns about how the bill will affect the Philippine economy. Some of the major problems that have arisen from the previous attempts include a rise in costs and cutting benefits to Filipinos. The House Majority leader however has said that the bill will be passed by congress.