Online Gaming Facing Legislative Nightmare
By sam
A bill in Congress aimed at preventing money-laundering is also set to target the online gaming industry. Rep. Jim Leach, R-Iowa, who is has campaigned against Internet gambling in the past added provisions to the bill which would restrict the use of checks, credit cards and wire transfers for financial transactions involving online gambling.

Jim Leach’s approach has been used before to target the Internet gaming industry but was thought to be to difficult to implement by technology experts. The new bill is designed primarily to give the government wider authority when tracking money related to terrorism.

Surprisingly, the provisions added by Jim Leach are being resisted by another staunch anti-gambling proponent, Rep. John LaFalce, D-NY. LaFalce is concerned that the provision could slow the progress of the money-laundering bill through Congress, according to a LaFalce spokeswoman.

According to vice president of the American Gaming Association Wally Chalmers, he is unaware of the casino industry making any complaint against the provision, despite the heavy toll it could take on the revenue of many Internet casinos and gaming sites.

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