Online Gaming Industry Birdie Crush Leaving Into San

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San Jose, Costa Rica (PRWEB) July 13, 2006 -- New US Legislation Makes Gaming Operators Squirm

 

Particularly in the gray-area businesses such as the online gaming industry. Now it is a reality.
It is official. On July 11, 2006, the US House of Representatives passed new legislation, Bill H.R. 4411, that "prohibits the use of certain payment instruments, credit cards, and fund transfers for the purpose of unlawful Internet gambling, and for other purposes." This means that any online gaming operation that is operating through or working with US-based financial institutions are in for a rude awakening – a direct interruption of their profits on a devastating scale along with increased chances of potential indictments in cases of violations.

 

Setting up an offshore online gaming operation properly is important for a number of reasons. "We knew it was a matter of time before sustainability would become a challenge for businesses that were not offshore," says Mendelson, "Particularly in the gray-area businesses such as the online gaming industry. Now it is a reality."

 

For more information visit http://offshoreXplorer.com

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