| Las Vegas, it is a city built in the midst of a dessert. | | | | announcing the higher probability of winning of the |
| Geographically, this city would not have been suitable | | | | bettor. Not to mention also the rouge sites who are |
| for habitation because of its harsh climate. But | | | | sharking on the bettors' money leaving them always |
| despite of all these, the place has been a paradise to | | | | empty handed. These are few issues that greatly |
| some people, the gamblers. What should have been a | | | | affects the business. |
| dry and barren land became a haven of wealth, and | | | | But there is no greater adversary of the business |
| abode of the world's greatest structures. All that is | | | | than the US government itself. Everything has been |
| good in Las Vegas owed itself to one vice, gambling. | | | | changed after 9/11 bombings. The Wire Act has been |
| Gamblers from all the corners of the world come | | | | promulgated to combat money-laundering cases. |
| here to place their bets in every casino, bluff every | | | | Money laundering has already been outlawed in the |
| poker game, pull lucky levers of slot machines, and | | | | US and some parts of the world. It is believed and an |
| enjoy the thrill roulette. This thriving industry has set | | | | accepted fact that laundered money is the source of |
| this city as one of the most exciting city of the | | | | funds for terrorist and other criminal syndicates. The |
| world. | | | | anonymous nature of the bettors can be potential |
| However, Las Vegas has found itself a competition. | | | | way of harboring fraudulent money transactions. With |
| But not from another gambling cities like Monte Carlo | | | | this reason, has reached its darkest period when it |
| and Macao. It is in the Internet. Online gambling has | | | | was outlawed in the US. Major Internet site follow |
| also fints its way in the dotcom business. The main | | | | suits by removing any advertisement promoting |
| reason of this business success is a thriving millions of | | | | online gambling. However, online gambling has also |
| potential bettors around the world connected by | | | | won some allies in the US Congress because of its |
| World Wide Web. Unlike going to Las Vegas or any | | | | potential cash cow for tax. Rep. Barney Franks, |
| other gambling city, gambles would not pay for | | | | Robert Flex, and Jim McDermott passed different |
| airplane ticket and high room accommodation rates in | | | | congressional bills that would legalize and regulate |
| a five star hotel found in the city. All they need to do | | | | operations of online casinos. It is yet to be known if |
| is to sit down in front of their PC Screen and enjoy | | | | these bills can pass the US Congress. But online |
| the clicking of the mouse while being thrilled of the | | | | casinos have already lost millions in terms of a |
| coming results in the online gambling. In online | | | | potential market in the US. |
| gambling, gamblers need not to worry to store their | | | | While the US is hostile to online casinos, the European |
| cash in the vault. Every monetary transaction is done | | | | Union and some Caribbean Countries welcome it as |
| through bank transactions. The industry extends its | | | | one of its thriving and growing industry. The |
| benefits to the financial sector from the bank fees in | | | | outlawing of the online casinos in the US prompted |
| every transaction. | | | | Antigua and Barbados to present its case to the |
| Online gambling has also finds its own adherents in | | | | World Trade Organization. Thanks to the laws in |
| the Internet. These enthusiasts gather in an online | | | | trade liberalization, WTO favored them and rejected |
| forum discussing about gambling and the odds of the | | | | any claims by the US that is only protecting public |
| house. There are also gambling sites, which the | | | | safety in outlawing it. The case is currently in a |
| gamblers called the rogue sites. These are sites that | | | | debate in WTO court. If the US Will loss the case, |
| would not allow the credit won to be withdrawn | | | | they will be forced to legalize and pay indemnities to |
| immediately. Some sites would only allow a certain | | | | the affected countries as will be ruled by the WTO |
| quota of the credit earned or a certain time so that | | | | Court. |
| bettors will have no other choice but to place the bet | | | | Online casinos may be the greatest rival to the |
| until they can meet the requirements of withdrawal. | | | | traditional brick and mortar, but it is yet to be seen if |
| This would eventually make the house always in | | | | the worldwide public will accept it without any |
| favor of the odds. Online gambling forum warns | | | | skepticism. Not only that, online casino has still to win |
| online gamblers to these rouge sites. | | | | its case to some countries, especially in the US, which |
| While the gambling industry is promising, it has also | | | | outlawed them. It is yet to prove that this industry is |
| their nemeses which lead its way into its downfall. | | | | not a vessel of fraudulent transaction. Online casinos |
| One of this is the gambling site operators themselves. | | | | may not yet equal its success to the real casinos; |
| Obtaining a random number is still an arbitrary. Many | | | | however, it will eventually replace little by little the |
| skeptics believe that online gambling programs can be | | | | traditional ones. New technological innovation has also |
| manipulated. Other gambling sites counter this | | | | paved way to the new era of gambling industry. |
| skepticism by publishing their audit of odds and even | | | | |