|The Global Interactive Gaming Summit continued in Montreal, as speakers expressed frustration with current US legislation outlawing credit-card payments to offshore casinos.|
Frank Catania, a former director of New Jersey's gaming regulatory agency,, said no evidence has been presented of money-laundering, or terrorist or mob involvement.
'It's almost impossible to launder money through Internet gambling because you have the paper trail,' he said. 'If they take away credit cards, they're losing that, they're making it more susceptible to laundering. They're making it easier for the mob to make more money.'
'The industry's still growing, but it's not what it would have been without the credit-card squeeze,' said Sue Schneider of the River City Group, who helped sponsor the convention.
In attendance at the event were global gaming regulators, dominant casino operators and a good portion of the gaming industry’s support industries. Together, the group of Igaming professionals are looking for a way to work with the US and other governments to bring more onshore regulatory jurisdictions to this industry. Casino operators in attendance are no longer the cowboy entrepreneurs as in the industry’s early days, but are sophisticated corporates that compete in the highly sophisticated and professional e-commerce trade.