U.S. Online Gambling Reversal Puts ‘Chilling Effect’ on Industry

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US Dept of Justice says no gambling online.
The U.S. Justice Department’s decision that all internet gambling is illegal will cast a pall on the industry as businesses and state lotteries evaluate the implications of the change and the government’s plans to enforce it.

The U.S. now says federal law bars all internet gambling, reversing its position from 2011 that only sports betting is prohibited under a law passed 50 years earlier.

Although the federal law specifically prohibits transmission of wagers and related information across state lines, the Justice Department’s new interpretation will impact all online gambling because as a practical matter it’s difficult to guarantee that no payments are routed through other states, said Aaron Swerdlow, an attorney with Glaser Weil Fink Howard Avchen & Shapiro LLP in Los Angeles.

“This will have a chilling effect on investment and expansion in the industry,” Swerdlow said. “You are going to see legal challenges.”

Shares of casino operators and suppliers fell on Tuesday. That included MGM Resorts International, down 1 percent, and International Game Technology Plc, which dropped 2.5 percent.

The reversal was prompted by the department’s criminal division, which prosecutes illegal gambling. The opinion issued about seven years ago that the 1961 Wire Act only banned sports gambling was a misinterpretation of the statute, according to a 23-page opinion by the department’s Office of Legal Counsel dated Nov. 2 and made public Monday.

The new reading of the law probably will be tested in the courts as judges may entertain challenges to the government’s view of the law’s scope, the Justice Department said. It may also affect states that began selling lottery tickets online after the 2011 opinion, as well as casinos that offer online gambling.

A coalition backed by billionaire casino executive Sheldon Adelson lobbied the Justice Department in 2017 to reconsider its 2011 decision that cleared the way for states to allow online gambling.

The businesses that will be most directly impacted are lotteries that have become well established after 2011, said Dennis Gutwald, an attorney with McDonald Carano LLP in Las Vegas. The Justice Department’s new reading of the law will not change things for so-called intranet gambling operations in states as Nevada, where people can place sports bets on mobile devices without out-of-state transactions, according to Gutwald.

Online poker and blackjack operations are much less developed than the lotteries, but they will have to examine how they can continue to be run in light of the Justice Department’s opinion, according to Gutwald.

“Every company has got to take a close look at what they’re doing,” Gutwald said.
https://www.bloomberg.com/news/articles ... ports-bets

I guess since Orange Shit Stain couldn’t make a go of the casinos he wants to make sure nobody else can ether or maybe Pence prayed and told OSS to stop the gambling in the name of the lord or he would go to hell.
Facts do not cease to exist because they are ignored.-Huxley
"We can have democracy in this country, or we can have great wealth concentrated in the hands of a few, but we can't have both." ~ Louis Brandeis,

Re: U.S. Online Gambling Reversal Puts ‘Chilling Effect’ on Industry

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Looks like it was Adelson was behind the reversal:
A coalition backed by billionaire casino executive Sheldon Adelson lobbied the Justice Department in 2017 to reconsider its 2011 decision that cleared the way for states to allow online gambling.
Doesn't want anything that could COMPETE with his business. (Doncha love how "capitalists" who trumpet "free enterprise" always want Government to take down competitors? Trump BITTERLY fought the Indian Reservation casinos himself)
"The upper class: keeps all of the money, pays none of the taxes. The middle class: pays all of the taxes, does all of the work. The poor are there...just to scare the shit out of the middle class."--George Carlin

Re: U.S. Online Gambling Reversal Puts ‘Chilling Effect’ on Industry

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It just makes the whole "pay to play" seem so obvious. Sheldon Adelson gives millions to the GOP. His wife gets the Medal of Freedom for...? And he gets his competition stifled (and a huge tax cut).

Coal industry, hedge fund managers, Russian mob, etc. It is all right out in the open.
It is an unfortunate human failing that a full pocketbook often groans more loudly than an empty stomach.

- Franklin D. Roosevelt

Re: U.S. Online Gambling Reversal Puts ‘Chilling Effect’ on Industry

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K9s wrote: Wed Jan 16, 2019 11:22 pm It just makes the whole "pay to play" seem so obvious. Sheldon Adelson gives millions to the GOP. His wife gets the Medal of Freedom for...? And he gets his competition stifled (and a huge tax cut).

Coal industry, hedge fund managers, Russian mob, etc. It is all right out in the open.
Jimmy Breslin's "The Gang That Couldn't Shoot Straight" was about a mob that had every criminal intent, happy to kill, rob, extort, corrupt, bribe; but was just totally incompetent at it.
Which is exactly the Trump Gang. Full criminal intent, dumb at criminal execution.
"The upper class: keeps all of the money, pays none of the taxes. The middle class: pays all of the taxes, does all of the work. The poor are there...just to scare the shit out of the middle class."--George Carlin

Re: U.S. Online Gambling Reversal Puts ‘Chilling Effect’ on Industry

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YankeeTarheel wrote: Thu Jan 17, 2019 6:54 am
K9s wrote: Wed Jan 16, 2019 11:22 pm It just makes the whole "pay to play" seem so obvious. Sheldon Adelson gives millions to the GOP. His wife gets the Medal of Freedom for...? And he gets his competition stifled (and a huge tax cut).

Coal industry, hedge fund managers, Russian mob, etc. It is all right out in the open.
Jimmy Breslin's "The Gang That Couldn't Shoot Straight" was about a mob that had every criminal intent, happy to kill, rob, extort, corrupt, bribe; but was just totally incompetent at it.
Which is exactly the Trump Gang. Full criminal intent, dumb at criminal execution.
They cannot be as dumb as advertised. They got away with this sort of stuff for decades. The Trumps and the politicians/lobbyists, that is.
It is an unfortunate human failing that a full pocketbook often groans more loudly than an empty stomach.

- Franklin D. Roosevelt

Re: U.S. Online Gambling Reversal Puts ‘Chilling Effect’ on Industry

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K9s wrote: Thu Jan 17, 2019 11:46 am
YankeeTarheel wrote: Thu Jan 17, 2019 6:54 am
K9s wrote: Wed Jan 16, 2019 11:22 pm It just makes the whole "pay to play" seem so obvious. Sheldon Adelson gives millions to the GOP. His wife gets the Medal of Freedom for...? And he gets his competition stifled (and a huge tax cut).

Coal industry, hedge fund managers, Russian mob, etc. It is all right out in the open.
Jimmy Breslin's "The Gang That Couldn't Shoot Straight" was about a mob that had every criminal intent, happy to kill, rob, extort, corrupt, bribe; but was just totally incompetent at it.
Which is exactly the Trump Gang. Full criminal intent, dumb at criminal execution.
They cannot be as dumb as advertised. They got away with this sort of stuff for decades. The Trumps and the politicians/lobbyists, that is.
They were under the radar. The shit-stain was seen as a rather unfunny disreputable cosmic joke on the fringes, not worth giving a shit about. His birther stunt stank of bullshit, and nobody ever imagined 63 million morons would vote for him.

Now he's in the most public position on earth, where even a haircut gets hours of criticism.
"The upper class: keeps all of the money, pays none of the taxes. The middle class: pays all of the taxes, does all of the work. The poor are there...just to scare the shit out of the middle class."--George Carlin

Re: U.S. Online Gambling Reversal Puts ‘Chilling Effect’ on Industry

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It is noticeable that this Sheldon Adelson was involved in this. He saw the competition in online gambling and decided to influence it. Until that moment, they didn't care and suddenly they decided to do something about it, why? I think many have already understood that online gambling is not going away any time soon and it will never be possible to completely close it. I see no reason to close something that to some extent has already become a part of the culture and for many has become a living. This has been the same problem in most other industries the government can't tax or regulate. You just have to enjoy life and not deny yourself anything you want since we only live once. I think this way, it is your choice to gamble and your responsibility to deal with consequences. You can heave a lot of fun with it if you are rational about it.

Re: U.S. Online Gambling Reversal Puts ‘Chilling Effect’ on Industry

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Stiff wrote: Tue Feb 23, 2021 1:02 pm Online gambling are for chumps, real gamblers play in the stock market with their entire retirement savings.
Nope Real Gamblers give their money to Trump and let him play.
Facts do not cease to exist because they are ignored.-Huxley
"We can have democracy in this country, or we can have great wealth concentrated in the hands of a few, but we can't have both." ~ Louis Brandeis,

Re: U.S. Online Gambling Reversal Puts ‘Chilling Effect’ on Industry

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lurker wrote: Tue Feb 23, 2021 2:39 pm TT, that's not gambling, that's russian roulette with your life savings.
No that's russian roulette with 5 loaded chambers and one empty. If you give it to his sons then it is russian roulette with a safety off racked semi-auto pistol.
Facts do not cease to exist because they are ignored.-Huxley
"We can have democracy in this country, or we can have great wealth concentrated in the hands of a few, but we can't have both." ~ Louis Brandeis,

Re: U.S. Online Gambling Reversal Puts ‘Chilling Effect’ on Industry

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JoBZ wrote: Tue Feb 23, 2021 11:36 am It is noticeable that this Sheldon Adelson was involved in this. He saw the competition in online gambling and decided to influence it. Until that moment, they didn't care and suddenly they decided to do something about it, why? I think many have already understood that online gambling is not going away any time soon and it will never be possible to completely close it. I see no reason to close something that to some extent has already become a part of the culture and for many has become a living. This has been the same problem in most other industries the government can't tax or regulate. You just have to enjoy life and not deny yourself anything you want since we only live once. I think this way, it is your choice to gamble and your responsibility to deal with consequences. You can heave a lot of fun with it if you are rational about it.
I am not an online gambler, but I do notice that Republicans do this.

John Boehner Was Once 'Unalterably Opposed' To Marijuana. He Now Wants It To Be Legal
https://www.npr.org/2019/03/16/70408678 ... -to-be-leg

Former House Speaker and Marijuana Foe John Boehner Set to Make Millions From Cannabis Legalization
https://www.newsweek.com/former-house-s ... on-1442067
It is an unfortunate human failing that a full pocketbook often groans more loudly than an empty stomach.

- Franklin D. Roosevelt

Re: U.S. Online Gambling Reversal Puts ‘Chilling Effect’ on Industry

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K9s wrote: Tue Feb 23, 2021 10:10 pm
JoBZ wrote: Tue Feb 23, 2021 11:36 am It is noticeable that this Sheldon Adelson was involved in this. He saw the competition in online gambling and decided to influence it. Until that moment, they didn't care and suddenly they decided to do something about it, why? I think many have already understood that online gambling is not going away any time soon and it will never be possible to completely close it. I see no reason to close something that to some extent has already become a part of the culture and for many has become a living. This has been the same problem in most other industries the government can't tax or regulate. You just have to enjoy life and not deny yourself anything you want since we only live once. I think this way, it is your choice to gamble and your responsibility to deal with consequences. You can heave a lot of fun with it if you are rational about it.
I am not an online gambler, but I do notice that Republicans do this.

John Boehner Was Once 'Unalterably Opposed' To Marijuana. He Now Wants It To Be Legal
https://www.npr.org/2019/03/16/70408678 ... -to-be-leg

Former House Speaker and Marijuana Foe John Boehner Set to Make Millions From Cannabis Legalization
https://www.newsweek.com/former-house-s ... on-1442067
Oh, I didn't know about that. Vewwy intewwesting, indeed....

Mr. Boehner's clearly a hypocrite. He and his crew (rightly) called John Kerry a "flip-flopper" in 2004, and yet here Boehner is doing the same thing. I love this quote from the article:

Months after joining the board of Acreage Holdings, Boehner told Newsweek that he changed his mind on the drug because it was "the right thing to do." He added that he felt like "I'm just like most of America, who found myself adamantly opposed years ago and over the years have begun to change my outlook."

Yeah, gee, I wonder why....
"San Francisco Liberal With A Gun"
http://www.sanfranciscoliberalwithagun.com/ (reloading instruction)
http://www.liberalsguncorner.com/ (podcast)
---------------------------------------
A true Liberal must back the Second Amendment 100%!

Re: U.S. Online Gambling Reversal Puts ‘Chilling Effect’ on Industry

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Katoril wrote: Tue Mar 02, 2021 3:20 pm And what are they? Tell us your secret!
quick! go find someone who will sponsor targeted spam for online gambling!!
i suppose if he's banned he'll just come back under another name. may i suggest "whack-a-mole"?

eta: i just watched katoril moving about on the forum, popping in and out of threads. probably looking to edit the spark plug post, which is gone. no edits this time, no sponsor for gambling spam yet, i guess.
never submit! (click "submit" button now.)

Re: U.S. Online Gambling Reversal Puts ‘Chilling Effect’ on Industry

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Katoril wrote: Tue Mar 02, 2021 3:20 pm And what are they? Tell us your secret! I hope it's something decent, because I am very precautious with the online casinos, and I gamble only on verified ones, where I am sure that I will not get scammed and everything is fair. My biggest income which I make, is from gambling ETH on ethroll casino. This one of the most safe casino which I ever visited, and you can make a good income if can manage the risk with the help of the online calculator. The price of the cryptocurrency is growing day by day, and in the near future the prices can be even bigger.
Last edited by Katoril on Sat Mar 06, 2021 4:01 pm, edited 1 time in total.
and there it is, the edited in spam link. just like the one bkinzey spotted. can we ban this one now?
never submit! (click "submit" button now.)

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