Date:Wednesday October 4 2006
A new bill making it illegal for banks and credit cards to process gaming payments has been passed by the US Congress, could this effect Blackburn Rovers, with them obviously sponsored by online betting firm bet24.
The move is aimed to clamp down on betting, which ultimately leads to serious financial trouble for many people. So should the bill, which has been passed in the United States, be signed into law by American President George W Bush, which is said to be highly likely, a major clampdown on online gambling will be undertaken in the United Sates of America. It would then be illegal for Banks and Credit cards to process online gaming payments from the US.
Although I'd heard of the situation I didn't really give it much thought until Vital Blackburn Rovers user Petesta brought the matter fully to my attention by posting this recent comment asking:
"What is the situation re the club's new sponsor's bet24 with the problems we have heard about in the USA for sports betting firms? Does this mean they won't have the money to pay rovers in full for the "lucrative" contract?"
From what I can make out many British based companies work in a system that goes through the US so this is already having some effect on the online gambling companies in this county, with their share prices dropping.
The system would no longer be able to work in such a way, through the US, but unless this law comes into effect in this, and other countries, although the US is major financial force and ripe with gambling it shouldn't cause too much trouble to Blackburn Rovers Football club or bet24?
I'm no expert, and may be wrong? Does anyone else know anything at all on this situation? If so please comment below or contact me direct on the e-mail in the top corner of the page.
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Date:Wednesday October 4 2006
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