VERY IMPORTANT!!!!
WHITE PAPER re ONLINE GAMBLING & MONEY LAUNDERING
CRITICAL INFO in this January 7 press release re ONLINE GAMBLING!!
Read this op-ed from Earl Grinols and James Thaxton. Online gambling is a national threat!
Sheldon Adelson, Las Vegas Sands Corp., Chairman and CEO on Bloomberg TV’s “Money Moves” with Deirdre Bolton (6/2013) on online gambling said: “I think it is a train wreck. It’s really toxicity. It is a cancer waiting to happen.”
ONLINE GAMBLING INTERESTS SALIVATING over PA.
NATIONAL GAMBLING IMPACT STUDY COMMISSION RECOMMENDATIONS
re INTERNET GAMBLING
Chapter 5. Internet Gambling 5-1 The Commission recommends to the President, Congress, and the Department of Justice (DOJ) that the federal government should prohibit, without allowing new exemptions or the expansion of existing federal exemptions to other jurisdictions, Internet gambling not already authorized within the United States or among parties in the United States and any foreign jurisdiction. Further, the Commission recommends that the President and Congress direct the DOJ to develop enforcement strategies that include, but are not limited to, Internet service providers, credit card providers, money transfer agencies, makers of wireless communications systems, and others who intentionally or unintentionally facilitate Internet gambling transactions. Because it crosses state lines, it is difficult for states to adequately monitor and regulate such gambling. 5-2 The Commission recommends to the President, Congress, and state governments the passage of legislation prohibiting wire transfers to known Internet gambling sites or the banks who represent them. Furthermore, the Commission recommends the passage of legislation stating that any credit card debts incurred while gambling on the Internet are unrecoverable. 5-3 The Commission recognizes that current technology is available that makes it possible for gambling to take place in the home or the office without the participant physically going to a place to gamble. Because of the lack of sound research on the effects of these forms of gambling on the population and the difficulty of policing and regulating to prevent such things as participation by minors, the Commission recommends that states not permit the expansion of gambling into homes through technology and the expansion of account wagering. 5-4 The Commission recommends to the President and Congress that because Internet gambling is expanding most rapidly through offshore operators, the federal government should take steps to encourage or enable foreign governments not to harbor Internet gambling organizations that prey on U.S. citizens. READ this Roll Call article re online gambling.