From: Steve Schear <azur@netcom.com>
Date: Wed, 28 May 1997 05:03:55 +0800
To: cypherpunks@cyberpass.net
Subject: Re: Judge bans Internet gambling company from operating inMissouri
In-Reply-To: <3.0.1.32.19970527025203.00739e9c@popd.ix.netcom.com>
Message-ID: <v03102800afb0cf437efe@[10.0.2.15]>
MIME-Version: 1.0
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>>KANSAS CITY, Mo. (May 25, 1997 00:31 a.m. EDT) -- A Missouri judge
>>on Friday banned an Internet gambling company from operating in the
>>state.

As my daddy once said, "Son, follow the money."

Dispite the clearly boogyman media coverage, for example, about teens using
their parent's credit cards to gamble online, all this hand wringing and
posturing by states is merely about trying to prevent competition to their
monopoly gaming franchise.  Although online gaming is strictly in a nascent
stage, the revenue generated by state run or regulated gaming has become
too large and important to state politicians to allow unregulated (i.e.,
taxed) Internet business to muscle in.  Hell, the lotteries are nothing
more than a state franchised number's racket.

The mistake Interactive Gaming and some other online gaming sites have made
is to have any corporate presence in the US.  I guess its a bit of bravado
on the part of these entrepreneurs, mostly American, to "tickle the
dragon's tail" and not expect to get whipped once in a while.

For excellent coverage of this issue, see Glenn Barry's coverage in Rolling
Good Times OnLine's site at http://www.rgtonline.com/Nambling.html

--Steve


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