Busted flush - Online gambling.(legislation to control Internet gambling)
Economist (US), The, October, 2006
Although America's effort to prevent online gambling has brought the industry to its knees, it may yet end up having to legalise and regulate it
FORTUNE may well favour the brave, but in America it increasingly leans towards the foolhardy, reckless and criminal. On September 30th Congress rushed through a bill to stop banks and credit-card companies from processing payments to online gambling companies.
The bill, tacked onto legislation tightening port security, could be signed into law shortly by George Bush. It is aimed at choking off the flow of American funds to a fast-growing, if illegal, industry that took some $12 billion in bets worldwide last year, half of which are thought to have been placed by Americans.
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