Stock Market & Online Casinos Need Regulation
There is an interesting symmetry between the current state of the stock market and that of the industry of online casinos. We are wrapped up in our current economic crisis precisely due to the lack of regulation of the stock market and now, with the substantial rise in success of the online gambling market, it would seem logical to infer that the casino industry could also use a healthy does of regulation in order to maintain some level of control and to direct the revenue from the casino gambling to worthy places.
With the dramatic and total failure of the Unlawful Internet Gambling Enforcement Act, the government has not exactly been able to successfully demonstrate that they know the best means of regulating this particular casino industry. But with a revenue of more than $20 billion from the year 2008, there is a definite need to harness those casino profits to potentially help dig the United States economy out of the ditch it has been festering in. One thing that is heartening is that it seems that more and more people are coming to grips with the fact that the UIGEA is completely ineffective and that a good deal of thinking and planning needs to take place to come up with something that will be able to accomplish the goal of regulating such a highly profitable industry.
Land-based casinos, even in the glamour mecca of Las Vegas have taken the troubled economic situation incredibly hard. But somehow, some way, the online casinos in America have experienced a bustling level of business that many other industries in the nation would be quite envious of right now.
online casino regulation