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paper - Public Policy Analytical Model Online Gambling...

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Unformatted text preview: Public Policy Analytical Model: Online Gambling Patrick Giller February 25, 2008 Management 2850 Professor Van Johnson Introduction: The popularity of gambling has increased greatly over the past five years. This rise in popularity can be seen mostly through television media outlets. Shows range from ESPN covering the World Series of Poker to daily poker on late night on NBC. With more coverage of poker on television, much of the public would like to try their hand at this glamorous lifestyle of winning twenty thousand dollar hands. It use to be that the only place to find games of this magnitude would be to travel to Las Vegas or other places that allow casinos. With online gambling people are now able to play poker as well as many other games as well as bet on sports from the comfort of their own home. With new online casinos people are able to use legitimate casinos even if they live nowhere near a actual brick and mortar type of casino. The popularity of these online casinos though caught the attention of U.S. authorities as for one to place bets over the internet is indeed illegal. While it is illegal in the U.S. to place bets online, the actually bank accounts of these casinos are in offshore accounts where online gambling is legal. The distinction between these different sets of laws has made the issue very blurry. It is not only involving casinos in the Caribbean but all over the world. This is where the term borderless activity comes into play. The fact that the process is quick and easy as well at great deal of anonymity with the gamblers that makes this issue hard to track. The United States has taken steps in the recent years to ban all online gambling, but only time will tell if the casinos as well as the gamblers will reverse these decisions. Situation in Brief: The rise of online gambling in recent years has created an unorganized mess of laws dealing with the legality of it at state, national and worldwide levels. With the popularity of online gambling increasing exponentially state, federal and worldwide entities are trying to come to conclusions and generate new laws in order to enforce this matter. Stakeholders • Airline industry • American Express • BetOnSports.com • CardPlayer.com • Casinos in Atlantic City • Casinos in Las Vegas • Department of Treasury • Discover • DOJ – Department of Justice • eCOGRA – E-Commerce and Online Regulatory Assurance • Employees of casinos in Atlantic City • Employees of casinos in Las Vegas • ESPN • EU – European Union • FAFT – Financial Action Task Force • FBI – Federal Bureau of Investigation • Fire-Pay • Foreign Countries • FSRC – Financial Services Regulatory Commission • Full Tilt Poker • Game Show Network • GAO – General Accounting Office • Google • HFC – House Financial Committee • iMEGA – Interactive Media Entertainment and Gaming Association • Indian Reservations • IRS – Internal Revenue Service • Mastercard •...
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