CrytoLogic Exception
By Earl
The Globe and Mail reports that CryptoLogic, Inc., supplier of software popular with online casinos, will get “at least a temporary reprieve” as the chances of Internet gambling in the United States being made illegal has lessened. CryptoLogic does most of its business in the US.

However, it is expected by law watchers that legislation against Internet gambling will be revived next year in the US. Analysts say CryptoLogic will have to continue to expand its sales in other countries where online gambling is not so threatened.

In the US, the Leach-LaFalce Internet Gambling Enforcement Act was passed in October by the House of Representatives and would prohibit Internet betting by requiring banks and other financial institutions to ban gambling transactions made with credit cards and such. However, Dan Walsh, a lobbyist for the pro-online gambling Interactive Gaming Council, said that, with the opposition to the bill by four senators, the bill would not pass the US Senate with the unanimous consent required for legislation of this type to become enacted.

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