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internet gambling. ... This new internet gambling law works in much the same way, forbidding
the participation in online gambling to everyone on American soil. ...
internet gambling. ... ICI operates out of the Turks and Caicos Islands (Kish, 1999).
One of the main reasons internet gambling started was because of costs. ...
internet gambling. 07 February 2001 A Bet against Internet Gambling I love
gambling. ... That is why I am for Internet gambling prohibition. ...
Internet Gambling. Internet Gambling Why is gambling such a problem on the
Internet? ... There are three main types of Internet gambling. ...
internet gambling. The technoculture related topic that I am going to explore
is the phenomenon of Internet gambling. With the emergence ...
Submitted by sgtscott on September 25, 2006
Category: American History
Words: 1442 | Pages: 6
Views: 193
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Running head: CASE STUDY IV: INTERNET GAMBLING
CASE STUDY IV:
Internet Gambling
May 6, 2006
This document will inform you about the history of internet gambling, the existing issues, and a number of concerns involved with online gambling. Prior to the launching of the World Wide Web in 1993 which changed the setting of gambling, people had to travel great distances to gamble. The world's first virtual online casino, Internet Casinos, Inc. (ICI) commenced operation on August 18, 1995 with 18 different casino games. Most of these online gambling companies are located outside of the U.S. to avoid government prosecution. ICI operates out of the Turks and Caicos Islands (Kish, 1999). One of the main reasons internet gambling started was because of costs. The value to start up an internet gambling site is around 1.5 million dollars, which is half of what it costs to actually construct a casino. ICI estimates that the company averages about a twenty four percent profit margin, versus the typical United States casino, which ranges from eight percent to sixteen percent of each dollar wagered (Kish, 1999). An estimated twenty million people are currently online with a projected 160 million online by the year 2020. The overall market for online gambling is estimated to be approximately $49 billion worldwide (Kish, 1999). The history of internet gambling is only a decade old, however, its history will hold on for several more.
There are several existing issues facing internet gambling. The first issues we will discuss are how to regulate internet gambling. The question raised by the emergence of Internet gambling is whether old laws--based mainly on a world of atoms--are still viable, and if not, in which way the Internet should be regulated (Walther, 2000). Some scholars believe that internet gambling needs to be regulated, and of course there are those that say let the owners of the sites regulate themselves....
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