Yet another bill has been presented to the US Congress called the online gaming Regulation, Consumer Protection and Enforcement Act (H.R. 1174), to get the ball rolling again on the legalization of online gambling within the USA.

Massachusetts Democratic Representative, Barney Frank and California Republican Rep. John Campbell have introduced the bill with the support of Colorado Democratic Rep. Ed Perlmutter and New York Republican Rep. Peter King. The bipartisan delegation looks promising but as skeptics have pointed out this bill is a mighty long way from becoming law.

The bill which applies to both offshore and domestic operators is the same as the bill presented to the Financial Services Committee last August. Barney Frank and John Cambell's bill would not dispose of the Unlawful online gaming Enforcement Act but would make a Federal regulatory template. This would allow online gambling operators to apply for a license from the Treasury Department giving them the authority to accept bets over the internet form consumers in the USA.

The Treasury Department would be in full control of all online gambling activities. The Department would have the means to regulate, authorize, terminate or suspend licenses. The Treasury would be able to enforce and maintain the act with it’s legally provided powers. Licensees would have to comply with Department of the Treasury guidelines to be granted a license to operate in the States.

This bill H.R. 1174 includes the legalization of other casino games besides poker but maintains a prohibition on sports wagering. Nevada Senator Reid’s proposed act would have only allowed internet poker to be legalized on a Federal level and it is not sure that his supporters are ready for the extended gaming offerings. Restrictions introduced as part of the bill will include the prohibited use of credit cards to gamble online; debit cards would be accepted or funds put in a prepaid account. Sports betting will be prohibited, except for pari-mutuel racing permitted by state law. The bill will not allow any operator that had taken bets from the U.S. in violation of federal or state laws to obtain a license.

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There are various types of casinos that are available on the internet. Some of the online USA casino lock up convenient to log on to the tailor-made web site and design up stow away the game. Other constitution of casinos includes downloading of certain applications and software to stagecraft casino games online. The online casinos effect a lot of options further games which a user may opt to play.

It is very important for the USA casino players of the initial total to play easier games so that they are energetic to gasp the persuasion and the experience about the game. In any game that by oneself plays skill further misfortune are the most important and the difficile factors. With the passage of circumstance it has become a racket for many people besides for many authentic is a source of rake-off. Whatever the case may be, de facto is very important for the player to be judicious while playing equivalent casino games. This is fit to the bet factor and also the fact that playing games on computer could express a risky thing. Hacking has been in the lime light for excessively some time now. Hence it is overly important for everyone to be severely careful while playing USA online casino games.

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A newly released report report, concluded that the online gambling market in 2010 increased by twelve percent to $29.3 billion dollars. Such an incredible growth rate makes online gambling one of the fastest growing industries in the world. A further look at the numbers reveals that the twelve percent growth amounts to an average monthly gain of 330 million dollars over the last year. A tremendous increase in popularity of online sportbooks accounted for 50% of last year’s growth, as punters began abandoning unreliable bookies and began to place their bets at reliable online sportsbooks. Internet blackjack card games accounted for a very healthy 9% of the growth, a clear indication that the future looks bright for internet blackjack players. Revenues from bingo were reported to have grown to $1.3 billion in 2010 and are predicted to increase to $2.1 billion by 2013. Leading analysts predict that the online gambling industry will reach at least $41.7 billion, with a few going as high as $47.8 billion, by 2014. As more countries begin to license, regulate and tax online casinos as well as online gamblers, the industry will continue a steady rate of double digit yearly growth for the next foreseeable future. By this year’s end, most EU member states are expected to have a gambling framework in place, to open up the market to foreign online casino operators.

Warwick Bartlett, CEO of GBGC commented – “Internet gambling is clearly growing strong roots and becoming more of a mainstream leisure pursuit and our analysis suggests that, with few exceptions, countries are moving to regulation rather than damnation. This is a healthier engagement with a business certain to continue growing at a rapid rate encouraged by an increasing number of applications developed for mobile phones and the global spread of broadband.” There are currently thousands of poker applications available as well as hundreds of different applications to help players memorize blackjack rules and strategies to help significantly reduce the casino’s edge.

GBGC’s report also criticized the latest British Gambling Prevalence survey, which made unreferenced, scientifically unproven claims, which bordered on science fiction, claiming that millions of pre-teens in Britain are gambling daily online. The Survey reported that over a hundred thousand teenagers, are not doing their homework each night but playing online blackjack using stolen credit card numbers. GBGC called the survey absurd, and advised British politicians, who were on the verge of hysteria after reading the survey, to take a closer look at “gambling with exotic financial instruments, which is done legally on a daily basis, and where the results can be catastrophic, as we have seen since the collapse of Lehman Brothers.”

Mr. Barlett advised politicians to focus on more serious issues, especially alcohol abuse. According to the latest scientific study, eighteen percent of Brits are full blown alcoholics and another 40% are borderline alcoholics. While alcoholism kills thousands each year there were only three reported cases of deaths indirectly caused by online gambling – all three from heart attacks reportedly caused by the shock of winning large online jackpots. Mr. Bartlett reiterated that – “No one died as a direct result of playing the lottery or placing a bet.”

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Casino.com is one of the fastest growing online casinos today. With a multi-lingual website and client, players from around the globe can join in the casino action. As spring is just around the corner, Casino.com has released great new slots games including; Pharaoh's Secret and Marvel's, Daredevil.

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According to Moody’s Investors Service, business on the Las Vegas strip will continue to be rather slow until 2012 when it is expected that the economic upturn will gather pace.

In 2010, some traditional land-based casinos in Las Vegas had a stronger fourth quarter, but overall the industry is in dire straits. In an increasingly globalized world, Las Vegas experiences more and more competition from Asian destinations such as Macao (where over the past few years gambling establishments have experienced record growth).

Also, more and more land-based establishments are losing out to online competitors. Online casinos offer convenience, large progressive jackpots and an easy and comfortable alternative to both veteran gamblers and beginners alike. With more than 300 online casino games, Europa Casino, for example, offers its players more value for their money than many traditional gaming operations.

Besides the gambling factor, Las Vegas is also suffering in terms of hotel bookings when compared to top years like 2005. This is due to two factors. Firstly, there are thousands more rooms on supply now compared to five to six years ago. Secondly, consumers are no longer willing or able to pay top dollar.

Despite the negative stories we have been hearing in Nevada these past few years, the number of visitors to the desert resort town actually rose slightly (by 2.7%) until December 2010. Gaming revenue also went up by 4.1%. According to insiders, this is likely to be a direct result of US players staying closer to home due to financial constraints.

Moody’s also expressed trust that gambling companies with a strong international focus like Wynn Resorts and Las Vegas Sands, are well-placed to ride out the storm. With strong liquidity, these companies are expected to see their profits grow more quickly than other establishments which cope with decreasing margins, especially in the top segment.

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