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ECT News Community   »   E-Commerce Times Talkback   »   Re: Online Casino Risk - Collect $$ or Go to Jail?



Re: Online Casino Risk - Collect $$ or Go to Jail?
Posted by: ECT News 2001-03-21 15:59:55

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The online casino industry is set to explode, but legal
restrictions could keep U.S. firms out of the fray, according
to a report issued Thursday by investment and securities firm
Bear Stearns.


The report, "E-Gaming Revisited -- At Odds With The World,"
found that the number of Internet gambling Web sites has doubled in the
past year: from 600 to 700 sites operating last year to 1,200 to 1,400 currently.


Re: Online Casino Risk - Collect $$ or Go to Jail?
Posted by: Ben 2001-03-21 16:03:59 In reply to: ECT News
The easiest way to stop e-gambilin would be to pass a law that credit card companies would be under no obiligation to pay gambler's losses if the gambler objected. They also could allow the IRS, FTC or some other agency to post a list of on-line gambling operations that would be barred from using credit card transactions. The trick is not to try to stamp out casinos in other companies but just cut off the profits.
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What was your initial reaction to news of the Colonial Pipeline cyberattack?
It demonstrates that all critical infrastructure sectors are at high risk of disruption by cybercriminals.
Everyone will be paying for this attack in the form of higher energy costs.
Governments need to work more closely with private industries to protect networks for the sake of public safety.
It's a global problem. An international alliance must be formed to hold the perpetrators accountable and prevent future attacks.