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Legalize and regulate online gaming, study urges

TORONTO (Reuters) - Canada and the United States should legalize and
regulate online gaming to contain its potentially harmful effects
because players tend to bet more frequently and aggressively than they
do in casinos, a study released on Tuesday says.

The study -- conducted jointly by academics of the University of
Western Ontario in Canada and the University of Nevada at Las Vegas
found that online playing is readily accessible via the Internet even
though it is in a "legal grey area" in United States and Canada.

Online gaming is big business, the study said, estimating worldwide
spending at more than $10 billion a year.


Sure thing: Online bet battle will continue

WASHINGTON -- Despite a stunning setback in his effort to roll back a
ban on Internet gaming, Rep. Barney Frank, D-Mass., says the issue is
not going away.

"At this point, I'm waiting to see what the Republicans, who voted
against this, plan to do after getting the heat for killing it," Frank
said this week.

Opponents of the ban were oozing confidence on June 25 as the House
Financial Services Committee prepared to vote on an amendment to stop
federal agencies from drafting regulations to enforce the online
gaming ban that Congress passed two years ago.

The question was not whether the amendment by Rep. Peter King, R-N.Y.,
would pass, but how large the margin would be. If it proved large
enough, the King amendment could have come up for a vote on the House
floor before Congress adjourned this year.


Frank said the surprising turnaround occurred because Internet
gambling supporters underestimated pressure coming from "the right
wing of the Republican Party."

"There is a great deal of discomfort between those on the business end
of the Republican Party and those on the social conservative end of
the party about this bill," Frank said. "A lot of Republicans wanted
to vote for this, but they were pressured by their leadership to vote
against it."

But the amendment died when the committee split along party lines and
delivered a 32-32 tie.

Then by voice vote, the committee defeated a bill by Frank to legalize
Internet gaming and require the Department of Treasury to regulate
online wagering.

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