Wednesday, May 13, 2009

Efforts underway to legalize online gambling

According to Bloomberg.com, Harrah’s Entertainment and Youbet.com support a bill that would legalize online gambling. A new House bill would put the Treasury Department in charge of Internet gambling. Specifically, the bill would allow the Treasury secretary to license and revoke licenses of Internet gambling websites. Such action, supporters say, would protect Americans' personal freedoms to gamble and address consumer protection concerns.

Supporters tell Congress that online gaming can be regulated and taxed. Critics are raising moral objections.


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